According to this article.... 3 bedroom apartments in Sydney now have a median of $1mil. Sydney’s median price for three-bedroom unit now $1 million, report says Friend says her one near Mac Uni was valued around 950k just a few months ago, based on comparables. There's a huge scarcity factor of them in Sydney. 3 bedroom units hardly ever seem to be on the market. I also note that a mention of Airbnb was made in the article too.