What is the true cost of buying an apartment in Sydney?

The median apartment in Sydney is $1,850,000. Including stamp duty ($84,160), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $124,760, or $10,397/month.

What does it really cost to buy a house in Sydney?

The median house in Sydney is $4,500,000. True first-year cost including stamp duty ($315,000), rates, insurance, maintenance, and mortgage repayments is approximately $300,648.

What is the vacancy rate in Sydney?

Sydney currently has a vacancy rate of 1.8%. Properties average 35 days on market.

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True Cost of Buying in Sydney

2000 NSW

Stable

A decision, not just a search · Sydney

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Sydney CBD (postcode 2000) represents Australia's premier commercial and financial district, encompassing iconic locations including Circular Quay, The Rocks, and parts of Darling Harbour. This postcode is characterized by extremely limited residential stock, consisting primarily of luxury apartments and heritage conversions that command premium prices among Australia's highest. The area serves as a major employment hub with high daytime populations but minimal permanent residents, creating a unique property market dynamic. World-class amenities include the Sydney Opera House, Royal Botanic Gardens, and premium dining precincts, while transport connectivity is exceptional through Circular Quay's multi-modal hub. The ongoing infrastructure developments including Sydney Metro expansion and Circular Quay renewal projects continue to enhance accessibility and amenities. Investment opportunities are driven by strong corporate demand for luxury accommodations and international buyer interest, though the market is characterized by high entry costs and limited stock availability. The area's unparalleled location, cultural significance, and commercial importance ensure continued demand despite the premium pricing.

World's most recognizable harbor location with iconic landmarksExceptional public transport connectivity via Circular Quay hubPremium commercial and financial district with high employment densityWorld-class cultural amenities and entertainment offeringsStrong international investment demand and prestige factor

Market Snapshot

Median House

$4.5M

+8.2% 1yr

Median Apartment

$1.9M

+6.8% 1yr

Median Townhouse

—

Vacancy Rate

1.8%

35 avg DOM

Yield (Apartment)

4.2%

Yield (House)

2.8%

Auction Clearance

72%

Population

3,200

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$10,397/mo

Purchase Price

$1,850,000

Stamp Duty

$84,160

1st Year Total

$124,760

House

$25,054/mo

Purchase Price

$4,500,000

Stamp Duty

$315,000

1st Year Total

$300,648

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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