Top 25 Sydney suburbs tipped for growth from $780,000

Here are the Sydney suburbs that are tipped to grow in 2023. (Source: Getty)

As property prices ease in Sydney and around Australia, new research has revealed the suburbs where prices are expected to rise.

The Shore Financial State of Sydney Report identified 25 suburbs where asking prices were predicted to grow over the next six months.

Sydney property prices dropped 1.3 per cent in November, the latest CoreLogic data found, and fell 10.6 per cent annually.

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While Sydney prices were trending down on average, Shore Financial CEO Theo Chambers said it was a different story on a suburb level.

“Some suburbs have continued to grow during the year and are likely to continue growing over the next six months,” Chambers said.

“That’s because these suburbs have lower inventory levels and days on market than the wider Sydney property market.”

Top suburbs for growth

Here are the Sydney suburbs Shore Financial expects to rise, including their current median house price and forecast growth over the next six months.

The report excluded suburbs that didn’t meet certain benchmarks and trends related to asking prices, days on market, inventory levels and sales volumes over the past three months.

It also divided Sydney’s suburbs into five groups, based on their current median asking price for houses.

Heartland Sydney

1. Narellan Vale - $903,000 - 8 per cent

2. Mount Annan - $950,000 - 8 per cent

3. St Clair - $922,000 - 2 per cent

4. North St Marys - $780,000 - 2 per cent

5. St Andrews - $820,000 - 1 per cent

Suburban Sydney

1. Northmead - $1,450,000 - 4 per cent

2. Schofields - $1,175,000 - 4 per cent

3. Old Toongabbie - $1,215,000 - 4 per cent

4. Glenwood - $1,462,000 - 4 per cent

5. The Ponds - $1,568,000 - 4 per cent

Rising Sydney

1. Oatlands - $2,450,000 - 3 per cent

2. Asquith - $1,670,000 - 3 per cent

3. Berowra - $1,515,000 - 3 per cent

4. Mount Colah - $1,585,000 - 3 per cent

5. Kogarah Bay - $2,575,000 - 3 per cent

Professional Sydney

1. Glenhaven - $2,375,000 - 8 per cent

2. Kellyville - $1,772,500 - 8 per cent

3. Strathfield - $3,680,000 - 6 per cent

4. North Epping - $2,150,000 - 5 per cent

5. Sylvania - $1,800,000 - 5 per cent

Affluent Sydney

1. Bronte - $6,190,000 - 6 per cent

2. Turramurra - $2,855,000 - 3 per cent

3. West Pymble - $2,850,000 - 3 per cent

4. Wahroonga - $2,700,000 - 3 per cent

5. Pymble - $3,401,000 - 3 per cent

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