AusPropertyFinder

Data story · NSW

NSW houses vs apartments: 20022025

Over two decades, NSW house and apartment prices have climbed the same broad path — upward, but in waves, not a straight line. Here's the long view, with the big economic moments marked for context.

House median 2025
$1.12m
$289k in 2002 · ~3.9×
Apartment median 2025
$788k
$306k in 2002 · ~2.6×
House–apartment gap 2025
$332k
Houses have pulled further ahead over time

Median sale price by year — NSW

HouseApartmentEconomic context (not cause)
GFCCOVID-19Rate hikes$0k$300k$600k$900k2002200620102014201820222025

Figures are indicative estimates we calculate from official NSW government data — not valuations, appraisals, or financial advice.

Prices move in cycles

The line rises steeply through the early-2000s boom, pauses, then lifts again — a reminder that property doesn't grow evenly. Each shaded band marks a moment worth remembering.

GFC · 2008–2009

Global Financial Crisis — the RBA cut the cash rate sharply through 2008–09.

COVID-19 · 2020

Pandemic onset — the cash rate fell to a record low of 0.10%.

Rate hikes · 2022–2023

The RBA lifted the cash rate from 0.10% to 4.35% to curb inflation.

The bands show what was happening around each period — economic context, not a claim that any one event caused a particular price move.

Source: NSW Valuer-General bulk property sales (VG PSI). Indicative estimates from official NSW sales data. Medians reflect what changed hands each year (a mix of homes), not the value of any one property. Same qualified sales pool as our map and suburb pages. Updated July 2026.