30 Jul Where Did Sydney Property Grow 10%+ In The Past Year?
Sydney property has shown remarkable resilience despite uncertainties caused by high interest rates and new government planning reforms. We drill down in the Upper North Shore, Lower North Shore and Eastern Suburbs property markets and identify which suburbs achieved 10%+ growth in the last year. For units the strongest performers were; Clovelly and Tamarama in the East and Kirribilli and Northbridge on the Lower North Shore. For houses, the strongest performers were Double Bay, Crows Nest and Kirribilli. We also identify which areas are currently buying well and highlight emerging opportunities for astute property investors.
We believe that data tells a story and as buyers’ agents we have the specialist knowledge to interpret the data and identify opportunities. With a trusted network of referral partners, we ensure that whether you’re an owner-occupier or investor, your asset is protected through informed purchasing decisions that add long-term value.
Kirribilli property on the Lower North Shore was a stand-out performer for both units and houses, boasting 29.4% unit growth and 32% house growth in the last financial year. This reflects the suburb’s enduring appeal and strong long-term investment potential. Northbridge units follow closely with a 28.8% increase, highlighting demand in this sought-after neighbourhood due to its easy access to the CBD and Chatswood, green leafy outlook and scarcity of units.
In the housing market, Double Bay leads the Eastern Suburbs growth with an impressive 22.5% median price increase. Meanwhile, Crows Nest on the Lower North Shore had robust house price growth with of 20.8%.
The small number of Upper North Shore suburbs experiencing 10%+ growth is due to both buyers and sellers exercising a high degree of caution around the pending NSW housing reforms. Some vendors are holding off selling in the event the building reforms positively impact the value of their properties. As local area specialist buyers’ agents, we think the Upper North Shore is currently representing good value and there are opportunities for well-informed buyers.
Units
Lower North Shore
| Suburb | Median Value | Last 12 Mth Median Price Growth | Rental Yield |
|---|---|---|---|
| Kirribilli | $1,462,500 | 29.4% | 2.90% |
| Cammeray | $1,400000 | 20.7% | 3.40% |
| Northbridge | $1,410,000 | 28.8% | 3.10% |
| McMahons Point | $1,290,000 | 11.9% | 2.9% |
| Waverton | $1,500,000 | 18.6% | 3.10% |
Upper North Shore
| Suburb | Median Value | Last 12 Mth Median Price Growth | Rental Yield |
|---|---|---|---|
| Killara | $1,157,500 | 15.20% | 3.90% |
Eastern Suburbs
| Suburb | Median Value | Last 12 Mth Median Price Growth | Rental Yield |
|---|---|---|---|
| Vaucluse | $1,500,000 | 10.50% | 3.5% |
| Paddington | $917,500 | 11.9% | 3.4% |
| Clovelly | $1,940,000 | 40.1% | 3.0% |
| Elizabeth Bay | $1,000,000 | 10.5% | 4.0% |
| Tamarama | $2,350,000 | 30.6% | 3.4% |
| Randwick | $1,142,500 | 11.5% | 2.2% |
Houses
Lower North Shore
| Suburb | Median Value | Last 12 Mth Median Price Growth |
|---|---|---|
| Mosman | $5,670,000 | 10.5% |
| Crows Nest | $2,760,000 | 20.8% |
| Kirribilli | $5,000,000 | 32.0% |
Upper North Shore
| Suburb | Median Value | Last 12 Mth Median Price Growth |
|---|---|---|
| Roseville | $3,875,000 | 10.7% |
| Gordon | $3,870,000 | 10.3% |
| St Ives | $3,175,000 | 11.7% |
| Hornsby | $1,782,500 | 15.7% |
Eastern Suburbs
| Suburb | Median Value | Last 12 Mth Median Price Growth |
|---|---|---|
| Double Bay | $7,700,000 | 22.5% |
| Paddington | $3,200,000 | 10.8% |
As expert buyers’ agents, we are constantly monitoring the Sydney property market and identifying prime investment opportunities for our clients. Our broad Sydney knowledge allows us to efficiently navigate property cycles, ensuring that we secure quality properties at optimal prices, safeguarding our clients’ investments.
Please contact us to learn more about property investment opportunities or to find out how we can help you achieve your property goals.