NSW median house prices by suburb across Sydney, regional areas
Skyrocketing house prices have transformed many homeowners into multi-millionaires. The new Sydney and regional NSW rich list can be revealed.
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Some suburbs across NSW have witnessed a staggering 50% jump in median house values across the last year, according to new statistics.
Every suburb across the state has seen a growth over the past year, with further rises expected over the coming year.
CoreLogic stats show across Sydney housing values are up close to 26% over the last 12 months while in regional NSW the average rate of growth is just over 29%.
As a result more and more suburbs have now hit the median $2m mark.
There were 51 suburbs with a $2m or higher median a year ago across NSW.
Now there are 120.
There were just seven suburbs above the $3m mark 12 months ago compared to 30 in December 2021.
“Considering Sydney housing values are up close to 26% over the past 12 months and values across regional NSW are up even more, recording a 29.1% growth rate over the year, its not surprising to see some suburbs have recorded more than a 50% jump in values over the past year,” Tim Lawless, director of CoreLogic Research, said.
“Areas where housing values have surged the most tend to be located along or close to the coast line, especially across regional areas where demand for lifestyle properties has surged.
“Every suburb across the state has recorded some level of growth over the past year, which is quite rare in itself.
“Normally there are some suburbs where housing values have fallen, even during an upswing, simply due to local demand and supply factors.”
He added: “The softest markets tended to be those with a high proportion of newly built units, where higher supply levels have been confronted with a shift in demand away from higher densities.
“This trend looks to be gradually changing though as investors become more active and owner occupiers look for more affordable housing options.
“With housing values expected to rise further next year, albeit at a substantially slower pace than what we saw in 2021, we are likely to see even more suburbs moving into the $2m or $3m plus value range.”
Sydney suburbs set to join the $3 million club
North Balgowlah
Median price 2021: $2.99m
Median price 2020: $2.19m
Median price 2018: $2.1m
Median price 2016: $2.1m
North Balgowlah gives you the lifestyle of the northern beaches while still being within proximity to the city.
North Balgowlah is relatively quiet compared to nearby Manly and the B-Line bus makes it an ideal spot for CBD commuters.
Many of the streets have sizeable blocks of land and there’s no shortage of top schools, both public and private.
North Balgowlah’s median house and dwelling price has risen 36.5% in the past 12 months with it now sitting on the fringe of breaking the $3m mark.
In five years, North Balgowlah has added over $800,000 to median value.
Paddington
Median price 2021: $2.98m
Median price 2020: $2.38m
Median price 2018: $2.21m
Median price 2016: $2.34m
Paddington is located just 3km from Sydney’s CBD and is neighbours with the likes of Darlinghurst, Centennial Park, Rushcutters Bay and Moore Park.
With its big historic buildings mixed with modern architecture and various options for work and play, Paddington has long been a popular spot.
Getting into the CBD couldn’t be easier, with many choosing to commute on foot.
Not too far in the other direction are the likes of Bondi, Tamarama and Bronte making it the perfect place for those who love both the city and surf equally.
If anything it is perhaps a surprise it isn’t already on the $3m list.
The suburb’s median house and dwelling price has risen 25.3% in the last 12 months alone and 42.9% in the past three years.
West Pymble
Median price 2021: $2.93m
Median price 2020: $2.03m
Median price 2018: $1.86m
Median price 2016: $1.93m
West Pymble on Sydney’s upper north shore is 15km from the CBD.
The area has plenty of bushland and has great access to transport, schools and shops.
It is one of the quieter suburbs on the north shore but with the train line it is also relatively easy to get into the city and beyond.
The area is also something of a hotspot for top schools, notably with Pymble Ladies College at the heart of the community.
West Pymble’s median price has soared in the past year, up a staggering $900,000. In the last five years the median house and dwelling price is up 51.8% with the suburb set to join the $3 million club shortly.
Birchgrove
Median price 2021: $2.91m
Median price 2020: $2.23m
Median price 2018: $2.20m
Median price 2016: $2.48m
Birchgrove in Sydney’s inner west has charm, character and history in abundance.
The beautiful waterfront suburb has great transport links with various bus and ferry services. There’s also no shortage of cafes, great shopping and Balmain is just next door.
It is also home to the famous Birchgrove Oval which is commonly known as the birthplace of rugby league.
The suburb’s median house and dwelling price has increased 30.3% in the past year and 32% in the last three years.
St Ives Chase
Median price 2021: $2.87m
Median price 2020: $1.97m
Median price 2018: $1.85m
Median price 2016: $1.83m
St Ives Chase is a prestigious bushland suburb on the upper north shore, which is 18km from Sydney’s CBD.
It sits at the edge of Kuring-gai National Park and is an incredibly quiet suburb which often feels a world away from the bustle of Sydney.
Nestled among the trees, St Ives Chase is an area with large houses and great parks.
Therefore it is no surprise the median price has skyrocketed, especially since Covid with many more working from home.
St Ives Chase’s median house and dwelling price rose $900,000 in the last 12 months and has increased 56.7% in the past five years.
Sydney suburbs set to join the $2 million club
Stanmore
Median price 2021: $1.99m
Median price 2020: $1.57m
Median price 2018: $1.41m
Median price 2016: $1.47m
Situated to the south of Parramatta Road, Stanmore is in the heart of Sydney’s trendy inner west.
It tends to have larger blocks of land than neighbouring suburbs such as Newtown.
It also has the convenience of the train station making it an ideal location for city workers.
There’s no shortage of public and top private schools around including the prestigious Newington College.
And there are plenty of top cafes and restaurants.
In the last 12 months Stanmore has seen a 26.6% increase on the previous year’s median house and dwelling price.
Over the last three years the increase has been 41% and 35.7% over the last five years. With the median price sitting at $1.99 million it looks set to be the next suburb to join the $2m club.
Gymea Bay
Median price 2021: $1.98m
Median price 2020: $1.49m
Median price 2018: $1.41m
Median price 2016: $1.53m
Gymea Bay, in Sydney’s south, has plenty of access to buses and trains into the city and is close to Miranda Westfield.
Perhaps its biggest draw card is its proximity to a number of top beaches including Cronulla. Many properties also have views of the Royal National Park and/or Port Hacking River.
The median house prices of Gymea Bay has grown by 32.8% in the last year alone and is up over 40% in three years.
Relatively quiet and close to the water, it is an ideal place for families.
Croydon
Median price 2021: $1.97m
Median price 2020: $1.56m
Median price 2018: $1.39m
Median price 2016: $1.4m
Perhaps not as fashionable as some of its neighbouring inner west suburbs, Croydon is just a 20 minute train ride into the city.
It is continuing to grow at a strong rate largely due to its access to jobs, schools, retail centres and public facilities.
It also boasts leisure and entertainment facilities, such as the Valley Retail Park and Croydon Cinemas.
Croydon’s median house and dwelling price sits at a cool $1.97 million – that’s up 26.3% over the past year alone. Five years ago, the median house and dwelling price in Croydon was just over $1.4 million.
Oatlands
Median price 2021: $1.95m
Median price 2020: $1.52m
Median price 2018: $1.39m
Median price 2016: $1.46m
Oatlands sits around 23 kilometres northwest of the Sydney CBD.
It has long been considered a prestigious area, especially among wealthy residents who often opt to move in due to its proximity to prestigious schools such as Tara Anglican and The Kings School.
The suburb has boomed since neighbouring suburbs Telopea and Dundas, which long contained housing commission blocks, have been redeveloped.
Oatlands witnessed a 28.1% growth over the last 12 months, with a 30% rise over the last three years.
Kurnell
Median price 2021: $1.94m
Median price 2020: $1.26m
Median price 2018: $1.18m
Median price 2016: $1.2m
Kurnell in Sydney’s south is at the southern headland of Kamay Botany Bay National Park. Many properties have beautiful views over Botany Bay and it is just a short trip to neighbouring Cronulla.
Kurnell has seen a massive jump in prices over the last 12 months with median house and dwelling prices up a staggering 53.7%. Over the last five years the area has seen a 61.9% growth.
Melrose Park
Median price 2021: $1.92m
Median price 2020: $1.55m
Median price 2018: $1.33m
Melrose Park, which is just south of Eastwood, has seen large growth since 2019.
This is largely down to number of infrastructure projects. It also has two train stations (West Ryde and Meadowbank) within walking distance.
Rhodes and Ryde, with their many retail and dining options, are also just short drives away.
The median house and dwelling prices has increased 24.3% in the past 12 months and 44.8% in the past three years.
The major Melrose Park North redevelopment has also seen prices rise as investors pounce. It appears to be only a matter of time until the suburb cracks the $2m mark.
Oatley
Median price 2021: $1.91m
Median price 2020: $1.53m
Median price 2018: $1.58m
Median price 2016: $1.6m
Oatley in Sydney’s south is around a 30 minute train ride from the city and is a highly desirable riverside suburb.
It is known for its large, tree-lined roads and proximity to the water. It also tends to have larger blocks of land than its neighbouring suburbs.
Over the last year alone, median house and dwelling prices in Oatley have risen 25%, which is substantial growth considering that the median price is only 18.8% higher than that of five years ago. If the expected rate of growth in the area continues, Oatley is expected to join the $2m club within the next 12 months.
Leichhardt
Median price 2021: $1.9m
Median price 2020: $1.49m
Median price 2018: $1.38m
Median price 2016: $1.5m
It may come as a surprise that Leichhardt isn’t already a member of the $2m club.
The residential suburb is best known as the hub of Sydney’s Italian community.
Norton Street and Marion Street are buzzing with cafes and bakeries and the suburb also features the iconic Italian Forum, an open-air shopping centre with fashion shops and Tuscan architecture.
The median house and dwelling price in the area has risen over $400,000 in the last year alone and the median price has swelled 26.9% over the past five years. This growth can be largely attributed to the recent renovations in the area, the movement of workers away from the city centre and how connected it is by various modes of transport.
Beverley Park
Median price 2021: $1.9m
Median price 2020: $1.47m
Median price 2018: $1.41m
Median price 2016: $1.66m
Beverley Park in southern Sydney is around 15 kilometres from the Sydney CBD. Beverley Park property prices have swelled in the last 12 months, up over $400,000. The range of nearby schools, a prestigious golf course, many parks and sports fields and a wide variety of transport links and shops have made Beverley Park a highly sought after location for families and investors alike.
The median house price has risen rapidly as it becomes increasingly developed and linked with key Sydney suburbs, with a 14.2% growth in prices over the past five years. It is the past year, however, where prices have gone through the roof, up 29.2% seeing the suburb on track to hit the $2m mark very soon.
Strathfield South
Median price 2021: $1.82m
Median price 2020: $1.38m
Median price 2018: $1.3m
Median price 2016: $1.33m
Strathfield South, in Sydney’s inner west, enjoys generally larger blocks of land, greater access to local parks, more bike trails and dog parks than its neighbouring suburbs of Strathfield and Strathfield North. This is all while having the same access to some of the most highly sought after public and private schools.
Median house prices have risen 32% over the last year and 40% over the past three years.
Regional suburbs set to join the $1 million club
Maryville
Median price 2021: $999,000
Median price 2020: $807,000
Median price 2018: $781,000
Median price 2016: $700,000
Maryville is a suburb in Newcastle which is on the rise.
There has been much in the way of development in recent years with an influx of cafes.
Once a very much industrial area, more and more housing developments are springing up with homeowners wanting to get the most of the waterside opportunities.
The median has increased by 23.8% in the last 12 months and has grown by over 40% in the last five years.
Mittagong
Median price 2021: $997,000
Median price 2020: $750,000
Median price 2018: $767,000
Median price 2016: $762,000
Beautiful Mittagong is perhaps sometimes overlooked in favour of its Southern Highlands neighbour, Bowral.
But the suburb, often known as the gateway to the Southern Highlands, has charm in abundance.
The area has witnessed huge steep growth in the last 12 months with house and dwelling prices increasing by almost a third.
The area has access to good transport options and there are no shortage of cafes and shops. However, for many its key appeal is in the fresh air, bush walks and scenery. Mittagong is also home to Frensham, one of Australia’s most prestigious all girls schools.
Mount Riverview
Median price 2021: $991,000
Median price 2020: $787,000
Median price 2018: $760,000
Median price 2016: $730,000
Mount Riverview, in the Lower Blue Mountains area, has only really been around since the early 1970s.
It features large blocks often with stunning mountain views and it is only around a 15 minute drive from Penrith.
Mount Riverview has seen a 25.8% increase in the median house and dwelling price in the past year, up 30.3% in the last three years and 35.7% in the last five years.
It is expected to increase at a rate with more people shifting to working from home arrangements.
Tumbi Umbi
Median price 2021: $990,000
Median price 2020: $732,000
Median price 2018: $705,000
Median price 2016: $669,000
Tumbi Umbi is a semirural suburb of the Central Coast, located northwest of Bateau Bay. It has witnessed some of the largest and most consistent growth over the past five years in NSW.
The area’s median house and dwelling price has risen from $669,000 in 2016 to just shy of the $1 million mark currently.
It is particularly popular with families given it is only a short drive from numerous beaches as well as a number of top primary and high schools.
New Lambton Heights
Median price 2021: $987,000
Median price 2020: $783,000
Median price 2018: $700,000
Median price 2016: $642,000
New Lambton Heights is a suburb of Newcastle, approximately nine kilometres west of the city centre.
New Lambton provides the scenery of the Hunter Region, all while being close to Newcastle’s CBD. It is also near NSW’s largest non-metro hospital, John Hunter Hospital and is in proximity to beaches, schools and shops.
The demography of New Lambton Heights continues to shift from tradies to business professionals and families and this has led house and dwelling prices to rise. In the past 12 months the suburb has seen a growth in the median house and dwelling price of 26.1% and has seen substantial growth of 53.9% in the past five years.
West Wollongong
Median price 2021: $984,000
Median price 2020: $742,000
Median price 2018: $727,00
Median price 2016: $733,000
West Wollongong is split by the M1 with beautiful suburban streets either side.
The residential blocks are typically large and there are several great parks and sporting facilities.
As with any suburb in Wollongong you are never far from an awesome beach.
Wollongong Hospital is just outside the suburb but many a healthcare worker calls it home.
The suburb has seen a rise in the median house and dwelling price of 32.6% in the last 12 months, with prices increasing 35.3% and 34.3% in the last three and five years respectively.
Bargo
Median price 2021: $983,000
Median price 2020: $757,000
Median price 2018: $749,000
Median price 2016: $702,000
Bargo is a small town of the Macarthur Region, which is approximately 100 km south west of Sydney.
It has a mix of residential housing and rural properties and is surrounded by plenty of bushland. The suburb is also only a 20 minute drive from the beautiful Southern Highlands.
Bargo saw a steady increase in median house and dwelling price from 2016 to 2020 but saw a boom in 2021, with its median price up well over $200,000 and the suburb looks set to hit the $1 million mark in next to no time.
Mollymook Beach
Median price 2021: $974,000
Median price 2020: $715,000
Median price 2018: $688,000
Median price 2016: $621,000
Mollymook Beach on the NSW south coast was put on the map by top TV chef Rick Stein, who opened his celebrated Bannisters restaurant and hotel in the suburb.
Mollymook Beach prices have been growing steadily since 2016 and have skyrocketed in the past 12 months.
As people look to move away from the city and have a change of scenery, Mollymook Beach is thriving. The beachside town often in the summer has a range of carnivals from surfing to snorkelling and fishing.
Mollymook Beach’s median house and dwelling price is up 36.2% over the past 12 months and 41.5% in the last three years.
Point Clare
Median price 2021: $972,000
Median price 2020: $710,000
Median price 2018: $732,000
Median price 2016: $705,000
Point Clare is a suburb of the Central Coast and is only a few kilometres from Gosford.
The area has seen its prices rise as it closes in rapidly on the $1 million median house and dwelling landmark. Point Clare also backs onto Brisbane Water National Park and has both scenic bushland and coastal beaches as a selling point.
Garden Suburb
Median price 2021: $971,000
Median price 2020: $757,000
Median price 2018: $651,000
Median price 2016: $589,000
Garden Suburb is a small semirural community in the Lake Macquarie region and is only a short drive from Newcastle.
It has seen one of the biggest increases in recent years with the median house and dwelling price in the region up a whopping 64.9% in the last five years.
There has been an increase of 28.3% in the last 12 months.
Garden Suburb is only a short trek to the Newcastle CBD and offers big spacious blocks, perfect for families and has both bushland and beaches in proximity.
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