Now that the $1 million Sydney median house price has been exceeded by mid-2015, the next question is when will Sydney peak, and at what level? I estimate a peak somewhere around $1.2 million will be achieved in 2017. After that, I expect a nominal fall of about 10% over a couple of years, followed by several years of stagnation, for a real decline from peak of 20-30%. What do others think? Please nominate a peak value and a peak year for Sydney houses, and also your expectation for the inevitable correction period.