Yahoo Finance Suburbs that have doubled in price since 2010
In 2010, the median Sydney house price was $643,073, which has now surged to $1,079,490 - a 68 per cent change.
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But the harbourside city’s 68 per cent growth hasn’t been entirely smooth.
The years 2017 to 2019 saw Sydney experience its largest property market correction since the 1980s and Australia experience its longest property downturn in history.
Sydney saw its first property price rise in two years in June this year, when median values increased by 0.1 per cent.
But by December, Australia was recording its strongest monthly gains in 16 years, with Sydney leading the charge, with values growing 2.7 per cent in the month of November alone.
While Sydney’s overall growth is staggering, there are some suburbs where prices have seen significantly higher growth, and even doubled since 2010.
According to Domain Group analysis of Sydney suburbs, western Sydney suburb Canley Vale has seen prices grow 112 per cent between 2010 and 2019, now worth a median $805,000.
And harbourside favourite, Manly has also seen prices grow 100 per cent, to a median price of $3 million.
For units, western Sydney suburb Penrith has also seen significant growth, up 99 per cent.
Darling Point also notched 99 per cent growth followed by Lidcombe, where values grew 89 per cent to $700,600.
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