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25 Sydney suburbs where prices will keep rising

·Personal Finance Editor
·2-min read
An aerial view of an Australian suburb with jacaranda trees in bloom.
Some Sydney suburbs are forecast to see property prices rise for the rest of the year. (Source: Getty)

Property prices in Sydney are falling but not all suburbs are equal, and some are still expected to buck the trend and keep rising this year.

New research has shown that a select number of suburbs, across a broad range of budgets, are expected to see price rises this year.

The quarterly Shore Finance State of Sydney report divided Sydney’s 600 suburbs into five categories based on their current median asking price for houses.

The report then picks the top five suburbs in each category.

This was done by first excluding suburbs that didn’t meet certain benchmarks and trends related to asking prices, days on market, inventory levels and sales volumes over the previous three months.

Then, the remaining suburbs were ranked based on expected growth in asking prices over the next six months.

Shore Financial CEO Theo Chambers said the latest report came at a time when the property market was in a downturn.

“After an incredible 18 months, there’s no doubt the market has slowed in many parts of Sydney, with prices going backwards in quite a few suburbs,” Chambers said.

“The decline, though, is not universal – there are some select suburbs, in a range of price points, where prices are expected to rise in the next six months.”

Chambers said the suburbs listed had two things in common – low inventory levels and low days on market.

“Demand continues to exceed supply in these suburbs, which means buyers are still having to fight hard for quality properties,” he said.

“That’s why we expect prices still have further to ride in these suburbs, even though the rate of growth will be slower than we saw during the just-completed boom.”

Here are the top suburbs where prices are expected to rise in each price category, and their current median price for a house.

Affordable

  1. Mount Pritchard - $855,000

  2. Lurnea - $895,000

  3. Currans Hill - $825,000

  4. Emu Heights - $900,000

  5. Cranebrook - $822,500

Suburban

  1. Wetherill Park - $1,150,000

  2. Prestons - $965,000

  3. Toonagabbie - $1,150,000

  4. Wiley Park - $1,050,000

  5. Riverwood - $1,270,000

Rising

  1. Mascot - $1,805,000

  2. Narwee - $1,350,000

  3. Belmore - $1,450,000

  4. North Rocks - $1,780,000

  5. Belfield - $1,780,000

Expensive

  1. Wahroonga - $2,400,000

  2. Westleigh - $1,900,000

  3. Normanhurst - $2,000,000

  4. Woolooware - $2,400,000

  5. Blakehurst - $2,365,000

Elite suburbs

  1. Randwick - $3,550,000

  2. Malabar - $3,450,000

  3. Lindfield - $3,600,000

  4. East Lindfield - $4,380,000

  5. Turramurra - $3,195,000

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