Yahoo Finance Top 25 suburbs to buy a home in Sydney depending on your budget
These are the 25 best suburbs to buy a property in Sydney.
It’s no secret that buying a home in Sydney is awfully expensive, but some suburbs are more affordable and sought-after than others.
The latest Shore Financial State of Sydney Report identified which Sydney suburbs were likely to outperform the market over the next six months.
The quarterly report divides Sydney’s 600-plus suburbs into five quintiles, based on their current median asking price for houses: heartland Sydney, suburban Sydney, rising Sydney, professional Sydney and affluent Sydney.
The report then picked the top five suburbs in each quintile.
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This was done by 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.
Next, the remaining suburbs are ranked based on expected growth in asking prices over the next six months.
Shore Financial CEO Theo Chambers said the research for the latest Shore Financial State of Sydney Report confirmed the wider Sydney property market had turned the corner.
“Twelve months ago, prices were falling in most suburbs across Sydney. Six months ago, the turnaround had just begun, but it was too early to know for sure. Now, though, we can say with certainty that Sydney is in growth mode,” he said.
“During the past six months, we’ve seen days on market and inventory levels fall in many parts of Sydney. In other words, market conditions have swung from buyers to sellers, which has been reflected in rising asking prices.
“That said, it’s important not to get carried away, because there’s a difference between a rising market, which we’re in, and a booming market, which we’re definitely not in.”
Top 25 suburbs to buy in Sydney
Heartland Sydney
Rank | Suburb | Current median house price | Forecast house pricegrowth for next 6 months |
1 | Blacktown | $880,000 | 2% |
2 | Kings Park | $955,000 | 1% |
3 | Villawood | $885,000 | 1% |
4 | Busby | $780,000 | 1% |
5 | Green Valley | $902,000 | 1% |
Suburban Sydney
Rank | Suburb | Current median house price | Forecast house pricegrowth for next 6 months |
1 | Berala | $1,205,000 | 6% |
2 | Horningsea Park | $1,035,000 | 5% |
3 | Georges Hall | $1,201,000 | 4% |
4 | South Granville | $925,000 | 3% |
5 | Seven Hills | $940,000 | 3% |
Rising Sydney
Rank | Suburb | Current median house price | Forecast house pricegrowth for next 6 months |
1 | Belmore | $1,500,000 | 6% |
2 | Dundas Valley | $1,690,000 | 6% |
3 | Dundas | $1,700,000 | 5% |
4 | Kellyville | $1,740,000 | 4% |
5 | East Hills | $1,300,000 | 2% |
Professional Sydney
Rank | Suburb | Current median house price | Forecast house pricegrowth for next 6 months |
1 | Beecroft | $2,400,000 | 7% |
2 | Camperdown | $1,810,000 | 6% |
3 | Ashbury | $1,830,000 | 5% |
4 | Cherrybrook | $2,235,000 | 5% |
5 | Castle Hill | $2,100,000 | 4% |
Affluent Sydney
Rank | Suburb | Current median house price | Forecast house pricegrowth for next 6 months |
1 | Naremburn | $2,950,000 | 9% |
2 | Fairlight | $3,780,000 | 6% |
3 | Turramurra | $2,750,000 | 5% |
4 | Chatswood | $2,915,000 | 5% |
5 | St Ives | $2,995,000 | 3% |
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