Passage: Home ownership in Sydney was less common than renting prior to the Second World War but this trend has since reversed. Median house prices have increased by an average of 8.6% per annum since 1970. The median house price in Sydney in March 2014 was $630,000. The primary cause for rising prices is the increasing cost of land which made up 32% of house prices in 1977 compared to 60% in 2002. 31.6% of dwellings in Sydney are rented, 30.4% are owned outright and 34.8% are owned with a mortgage. 11.8% of mortgagees in 2011 had monthly loan repayments of less than $1,000 and 82.9% had monthly repayments of $1,000 or more. 44.9% of renters for the same period had weekly rent of less than $350 whilst 51.7% had weekly rent of $350 or more. The median weekly rent in Sydney is $450.
Are more homes in Sydney rented, owned outright, or owned with mortgage? How many more percent are owned with a mortgage than owned outright? How many more percent are owned with a mortgage than rented? How many more percent does cost of land make up now in Sydney than it did in 1977? How many more percent of renters had the weekly rent of $350 or more than those that had weekly rent under $350? How many more percentage of dwellings are owned with a mortgage than owned outright? How many more percentage of dwellings in  Sydney are rented than owned outright? How many more percentage of house prices rose from 1977 to 2002? How many more percentage was rent more 350 than rent less than 350? How many more percentage was the rising house prices in 2002 than in 1977? How many percent more of homes are owned with a mortgage than owned outright in Sydney? How many percent of dwellings in Sydney are either owned outright or owned with a mortgage? How many percent of the dwellings in Sydney are not owned outright? How many percent of the dwellings in Sydney are not owned with a mortgage? How many percent of the dwellings in Sydney are not rented? In which year did land make up the largest amount of the price of a house? Since World War II, what has been more common in Sydney, renting or home ownership? What percentage of dwellings still have mortages? What was more common in Sydney prior to the Second World War, renting a home or owning a home? Which homes with weekly rents were being rented more in 2011, less or more than $350 weekly rent? Which houses do more people live in, rented, owned outright or owned with a mortgage? Which mortgage payments were more common in 2011, less or more than $1,000?