House prices in Sydney have skyrocketed this year, but why?

As Sydney's eastern suburbs, as well as the northwestern Baulkham Hills and Huxberry, have seen prices rise to more than 100,000 dollars in the past three months and the median price across Sydney has risen 12.6 per cent a year to 1.3 million this month, we quiz financial advisor Bishwash Bhattrai on the trend.

A row of residential properties in Sydney on Wednesday, Sept. 23, 2015. Source: AAP Image/Paul Miller

Note: We’d like to point out that the information contained in this segment is general and is not specific advice. If you would like accurate information relevant to your situation, you should ask your tax agent, accountant, or financial planner.