- Beachside Bronte features on the list
- Several suburbs in Sydney's north feature
- Strathfield also makes an appearance
Sydney house prices are some of the highest in the country, but as the old saying goes: The bigger they are, the harder they fall.
CoreLogic’s Home Value Index found Sydney is the only city remaining to see house prices more than 10% lower than their peak.
While house prices in the harbour city rose 27.7% before peaking January, house prices fell 11.4%. Having said that, the report also noted that home values are still 10.3% above pre-Covid levels.
Previous top five lists
Shore Financial released a State of Sydney Report, identifying suburbs that they expected to see price growth over the next six months earlier this year.
The list included top five suburbs for various categories, with the 25 total including suburbs like Liverpool, Fairfield West, Forest Lodge, Marrickville, North Epping, Dulwich Hill, Frenchs Forest, Lane Cove, and Paddington.
Well Money also released reports on expected price growth suburbs too, including top 10 suburbs poised for growth, and top 20 suburbs where house prices are rising.
The latest top five list
Shore Financial’s State of Sydney Report found the top five suburbs for each quintile (as defined by current median asking prices) for price growth, with the quintiles being Heartland Sydney, Suburban Sydney, Rising Sydney, Professional Sydney, and Affluent Sydney.
Heartland Sydney
| Rank | Suburb | Postcode | Current median house price | Forecast house price growth for next 6 months | |
| 1 | Narellan Vale | 2567 | $903,000 | 8% | |
| 2 | Mount Annan | 2567 | $950,000 | 8% | |
| 3 | St Clair | 2759 | $922,000 | 2% | |
| 4 | North St Marys | 2760 | $780,000 | 2% | |
| 5 | St Andrews | 2566 | $820,000 | 1% | |
Suburban Sydney
| Rank | Suburb | Postcode | Current median house price | Forecast house price growth for next 6 months | |
| 1 | Northmead | 2152 | $1,450,000 | 4% | |
| 2 | Schofields | 2762 | $1,175,000 | 4% | |
| 3 | Old Toongabbie | 2146 | $1,215,000 | 4% | |
| 4 | Glenwood | 2768 | $1,462,000 | 4% | |
| 5 | The Ponds | 2769 | $1,568,000 | 4% | |
Rising Sydney
| Rank | Suburb | Postcode | Current median house price | Forecast house price growth for next 6 months | |
| 1 | Oatlands | 2117 | $2,450,000 | 3% | |
| 2 | Asquith | 2077 | $1,670,000 | 3% | |
| 3 | Berowra | 2081 | $1,515,000 | 3% | |
| 4 | Mount Colah | 2079 | $1,585,000 | 3% | |
| 5 | Kogarah Bay | 2217 | $2,575,000 | 3% | |
Professional Sydney
| Rank | Suburb | Postcode | Current median house price | Forecast house price growth for next 6 months | |
| 1 | Glenhaven | 2156 | $2,375,000 | 8% | |
| 2 | Kellyville | 2155 | $1,772,500 | 8% | |
| 3 | Strathfield | 2135 | $3,680,000 | 6% | |
| 4 | North Epping | 2121 | $2,150,000 | 5% | |
| 5 | Sylvania | 2224 | $1,800,000 | 5% | |
Affluent Sydney
| Rank | Suburb | Postcode | Current median house price | Forecast house price growth for next 6 months | |
| 1 | Bronte | 2024 | $6,190,000 | 6% | |
| 2 | Turramurra | 2074 | $2,855,000 | 3% | |
| 3 | West Pymble | 2073 | $2,850,000 | 3% | |
| 4 | Wahroonga | 2076 | $2,700,000 | 3% | |
| 5 | Pymble | 2073 | $3,401,000 | 3% | |
Shore Financial’s report separates Sydney’s over 600 suburbs into five different categories or quintiles, based on the median asking price for houses. The report then takes the top five suburbs in each quintile and is displayed above.
The report first excludes suburbs that don’t meet some criteria relating to asking prices, days on market, inventory levels, and sales volumes over the past three months.
Following that, suburbs are ranked depending on expected asking price growth over the next six months.
Shore Financial CEO Theo Chambers said the latest quarterly Shore Financial State of Sydney Report shows there’s no one Sydney property market – there are actually lots of individual markets within the city.
“If we look at the median price for Sydney as a whole, it’s been trending down during 2022, and probably has further to fall. However, the story is different if you drill down to the suburb level,” he said.
“Some suburbs have continued to grow during the year and are likely to continue growing over the next six months.
“That’s because these suburbs have lower inventory levels and days on market than the wider Sydney property market.
“So if you want to buy a property in those suburbs, you need to fight hard. If you put in lowball offers, you’ll be outbid; if you dawdle, someone else will beat you to the punch.”
~~
Disclaimer: This article contains general information and should at no time be considered advice to the reader. The reader should always verify their situation with the relevant certified professionals before taking any further steps.
