FourFour two Sydney-based property analysts say that the recent drought could have a big impact on the city’s skyline.
The team, based in Melbourne, have compiled a list of the 20 most expensive areas in the state.
The average price of a home in Sydney has gone up by more than 40 per cent in the past three years.
The Sydney Morning Herald found that the average cost of a house in the CBD has gone from $1.5 million in 2014 to $2.8 million in 2016.
In Melbourne, the average price for a house has risen by 40 per,000.
The list includes: The Sydney River: $1,827,200