b'APRIL 20253. THE FACTS (THE DATA)3.1 Housing PricesHousing purchase prices are more expensive forThe ABS data is based on actual sales across all dwellings in Sydney than any other capital city.markets, while the data below reflects the current Charts 1 and 2 overleaf display this, with Sydneystate of the market for a more narrowly defined being significantly more expensive for both multi- product as advised by Urban Taskforce members unit dwellings (town houses and apartments) as but the results show a close correlation with the well as stand-alone dwellings. averages in the ABS data.Sydney Melbourne BrisbaneTwo-bedroom apartment 85 sqmbuild price $6,500/m 2 $5,500/m 2 $5,800/m 2Two-bedroom apartmentsale price $875,000 $700,500 $740,750Cost of land ~$2,500 per m 2 ~$1,100 per m 2 ~$950 per m 2 Metro construction (not CBD) Over 10 levels but less than 20 levels Standard product, standard efficiency Cost of construction - average price used, site specific and complexity not consideredSource: Urban Taskforce members advice6'