The median price of a Sydney house rose 2.3 per cent in the three months to September, while the median price for apartments climbed 2.4 per cent.
The median rent in Sydney increased by 3.2 per cent over the same period.
This is the biggest jump in four months.
However, Sydney’s rent growth in September was still below the national average of 5.7 per cent per cent a year ago.
Sydney is still the only city in Australia with more than a quarter of its population living below the poverty line.
The Australian Bureau of Statistics’ latest figures show that almost half of Australians live in households that can only afford to live in the city.
The report shows that Sydney has become a more expensive place to live than the capital and the surrounding suburbs.
For a median price in Sydney, the median rent is $2.083, up 4.5 per cent from the previous quarter.
This rises to $3,638 for apartments, a 7.4-per-cent rise.
But the increase is much smaller than the median increase in the capital.
This year’s report also shows that the number of people living below half the poverty level in Sydney is the highest it has been in more than two decades.
The latest census figures show the city has the highest proportion of people in poverty in the nation.
The ABS reported that in 2016, 4.9 per cent of Sydney’s population lived in poverty, and it is set to rise further this year.