article_snippet: The soaring Sydney property market will achieve growth of 20 per cent over two years to send the median house price above $1 million, new research suggests.
article_snippet: Sydney house prices have grown by almost 14 per cent in the year to February, according to Australian Bureau of Statistics data, and BIS Shrapnel expects annual growth of 13 per cent for the 2014/15 financial year.
article_snippet: The soaring Sydney property market will achieve growth of 20 per cent over two years.
article_snippet: A further seven per cent rise is forecast for 2015/16, which would take the median price to $980,000 and could see the median price rise above $1 million by 2017.
article_snippet: Brisbane prices are expected to post 14 per cent growth over two years, taking the median price to $540,000 .
article_snippet: Brisbane prices are expected to post 14 per cent growth over two years - six per cent growth in the current financial year and eight per cent growth in 2015/16 - which would take the median price to $540,000.
article_snippet: Median house prices are predicted to get to $435,000 in June 2016.