Yahoo Finance The Sydney suburb tipped to grow 17% next year
Property prices are expected to slow next year, with most of the Big Four banks predicting a rise of around 7 per cent.
But that doesn't mean there won't still be areas of massive growth. In fact, the Shore Financial State of Sydney Report has identified Sydney's top housing markets in a range of price points.
Some suburbs could expect double-digit growth, with at least one tipped to increase by as much as 17.4 per cent next year, according to the report.
Also read: Sydney house prices at $18,700? It’s back to the future
Also read: Will mortgage stress signal the end of the great COVID-19 property boom
Also read: ‘Too big to fail’: Why the Aussie property market won’t go down
So, let's take a look at the 25 most profitable suburbs of 2022, from the most affordable to the most expensive.
Top 5 affordable suburbs
1. Campbelltown
Local Government Area: Campbelltown
Average house price: $660,000
Forecast house price growth: 8.6 per cent
2. Thirlmere
Local Government Area: Wollondilly
Average house price: $750,000
Forecast house price growth: 8.2 per cent
3. Buxton
Local Government Area: Wollondilly
Average house price: $650,000
Forecast house price growth: 6.5 per cent
4. Picton
Local Government Area: Wollondilly
Average house price: $816,000
Forecast house price growth: 5.7 per cent
5. Blair Athol
Local Government Area: Campbelltown
Average house price: $800,000
Forecast house price growth: 5.7 per cent
Top 5 moderate suburbs
1. Rydalmere
Local Government Area: Parramatta
Average house price: $1,277,000
Forecast house price growth: 17.4 per cent
2. Kings Langley
Local Government Area: Blacktown
Average house price: $1,175,000
Forecast house price growth: 13.1 per cent
3. Glen Alpine
Local Government Area: Campbelltown
Average house price: $950,000
Forecast house price growth: 12.8 per cent
4. Kellyville Ridge
Local Government Area: Blacktown
Average house price: $1,250,000
Forecast house price growth: 11.5 per cent
5. Parramatta
Local Government Area: Parramatta
Average house price: $1,260,000
Forecast house price growth: 9.3 per cent
Top 5 rising suburbs
1. Erskineville
Local Government Area: Sydney
Average house price: $1,531,000
Forecast house price growth: 12.6 per cent
2. East Kurrajong
Local Government Area: Hawksbury
Average house price: $1,350,000
Forecast house price growth: 11 per cent
3. Rockdale
Local Government Area: Bayside
Average house price: $1,425,000
Forecast house price growth: 9.1 per cent
4. Bonnet Bay
Local Government Area: Sutherland Shire
Average house price: $1,480,000
Forecast house price growth: 6.2 per cent
5. Kellyville
Local Government Area: The Hills Shire
Average house price: $1,482,000
Forecast house price growth: 5.7 per cent
Top 5 pricey suburbs
1. Denistone
Local Government Area: Ryde
Average house price: $1,780,000
Forecast house price growth: 15.3 per cent
2. Ashbury
Local Government Area: Inner West
Average house price: $1,780,000
Forecast house price growth: 14.5 per cent
3. Warriewood
Local Government Area: Northern Beaches
Average house price: $2,120,000
Forecast house price growth: 12.7 per cent
4. Monterey
Local Government Area: Bayside
Average house price: $1,868,000
Forecast house price growth: 11.5 per cent
5. Croydon Park
Local Government Area: Burwood
Average house price: $1,756,000
Forecast house price growth: 7.8 per cent
Top 5 expensive suburbs
1. North Bondi
Local Government Area: Waverley
Average house price: $3,560,000
Forecast house price growth: 16.9 per cent
2. Burraneer
Local Government Area: Sutherland Shire
Average house price: $2,625,000
Forecast house price growth: 13.6 per cent
3. Collaroy
Local Government Area: Northern Beaches
Average house price: $2,900,000
Forecast house price growth: 13.3 per cent
4. Manly
Local Government Area: Northern Beaches
Average house price: $3,840,000
Forecast house price growth: 8.9 per cent
5. Kingsford
Local Government Area: Randwick
Average house price: $2,550,000
Forecast house price growth: 6 per cent
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