Despite the fact that Sydney has the highest median price of Australia’s capital cities, did you know that it also has some of the cheapest houses in the country?

Australian Property Monitors recently reported that while 122 Sydney suburbs have a median house price of more than $1 million, the harbour city also has the largest proportion of cheaper homes of any Australian capital.

Lower interest rates and growing consumer confidence will help stimulate the home finance market in 2012, says leading mortgage broker Loan Market.

Loan Market Corporate Spokesperson Paul Smith said the outlook for the coming year was more positive after some challenging economic conditions during 2011.