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Business

Jacob Shteyman

House prices surge as city-dwellers flee to the regions

Nicola Powell Sydney Joanna Kordina Domain Interest Rates

Sydney's median house price is on track to eclipse the $2 million mark in 2027. (Bianca De Marchi/AAP PHOTOS)

Home buyers are being pushed out to the regions as falling interest rates and a lack of supply put a rocket under inner-city house prices.

The median house price in Sydney is set to approach the dizzying $2 million barrier in 2026, according to forecasts released by property sales portal Domain on Thursday.

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