Yahoo Finance Top 25 Sydney suburbs where property prices will grow
Australian property prices are slowly beginning to recover.
Sydney property prices appear to be slowly bouncing back, with some suburbs tipped to continue rising strongly over the next six months.
Sydney is currently leading the positive turn in housing conditions, with values rising each month since February.
Property prices rose 1.3 per cent in April and are now 3 per cent higher than the recent trough recorded in January.
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The latest quarterly Shore Financial State of Sydney Report analysed the city’s 600-plus suburbs to reveal the top 25 suburbs tipped for price growth in the next six months.
The report divided the city’s suburbs into five quintiles - based on their current median asking price for houses - and picked the top five suburbs in each.
Shore Financial CEO Theo Chambers said there was still uncertainty about what would happen to the Sydney property market over the remainder of the year.
“Prices are rising again in many suburbs, after falling for most of 2022 and the start of 2023. However, it’s too early to tell whether this is a dead-cat bounce or the start of another growth cycle,” he said.
Chambers said the price growth could be a “false positive” due to the low level of housing supply, or there would be very real demand due to a surge in migration and rate rise impacts.
He said the top 25 suburbs stood out because of their supply levels.
“Inventory levels are low in all these suburbs, which means buyers are being forced to compete hard to secure a property, putting upward pressure on prices,” Chambers said.
“Furthermore, leading indicators suggest these suburbs have a very low likelihood of a surge in listings in the foreseeable future. They have strong market conditions that are likely to keep upward pressure on prices in the next six months.”
25 Sydney suburbs tipped for growth
Here are the 25 Sydney suburbs forecast for growth over the next six months, along with their current median house price.
Heartland Sydney
Dean Park - $820,000 - 3 per cent growth
Emu Heights - $930,000 - 3 per cent growth
Currans Hill - $870,000 - 1 per cent growth
Cambridge Gardens - $810,000 - 1 per cent growth
Hobartville - $812,000 - 1 per cent growth
Suburban Sydney
The Oaks - $1.225 million - 5 per cent growth
Blair Athol - $945,000 - 4 per cent growth
Mount Riverview - $950,000 - 2 per cent growth
Elderslie - $1.008 million - 1 per cent growth
Casula - $1.025 million - 1 per cent growth
Rising Sydney
Alfords Point - $1.6 million - 2 per cent growth
Cecil Hills - $1.35 million - 1 per cent growth
Harrington Park - $1.36 million - 1 per cent growth
Dundas - $1.628 million - 1 per cent growth
Enmore - $1.74 million - 1 per cent growth
Professional Sydney
Balmain - $2.35 million - 4 per cent growth
North Epping - $2.3 million - 3 per cent growth
Davidson - $2.182 million - 3 per cent growth
Terrey Hills - $1.885 million - 3 per cent growth
Cherrybrook - $2.15 million - 2 per cent growth
Affluent Sydney
Kogarah Bay - $2.72 million - 3 per cent growth
North Bondi - $3.9 million - 3 per cent growth
Paddington - $2.8 million - 3 per cent growth
Concord West - $2.718 million - 1 per cent growth
Gladesville - $2.57 million - 1 per cent growth
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