Virtually every suburb in the Greater Sydney Area has delivered growth in their median house prices in the past year and in the most recent quarter.
Only three suburbs – Darlinghurst, Artarmon and Hurlstone Park – failed to record annual growth in house prices.
The vast majority of Sydney suburbs recorded double-digit growth in their median house prices, including 44% which rose by 20% or more in the past year.
All but three suburbs recorded median house price uplift in the most recent quarter, with six out of 10 suburbs achieving quarterly growth above 5%.
The city leader on price growth, once again, is the Northern Beaches, where 19 suburbs delivered annual growth in house prices of at least 25%. The Northern Beaches stars were Manly, up by a remarkable 51%, Freshwater (43%), Manly Vale (40%) and Palm Beach (41%).
Northern Beaches suburbs to top 30% in annual price growth include Avalon Beach, Beacon Hill, Collaroy, Dee Why, Fairlight, Mona Vale, Narrabeen, Narraweena, Newport, Seaforth and Warriewood.
All of the 19 Northern Beaches suburbs that grew 25% or more have median house prices well above $2 million, with Manly close to $4.5 million and Palm Beach nudging $5 million.
Another wealthy enclave to record exceptional growth in the City of Waverley, where Bondi Beach, North Bondi, Bronte and Bondi Junction all recorded median house price uplift between 32% and 47%. North Bondi’s median price is now above $4 million and Bronte has now topped $5 million.
The Ku-ring-gai LGA has a cluster of suburbs with annual growth of 25% and above, led by Killara (up 36% to $4.02 million) and Warrawee (up 34% to $3.86 million). Other high-growth suburbs area Gordon, Pymble, Roseville, St Ives and Turramurra.
The North Sydney LGA also has a cluster of high achievers, including Neutral Bay (36%), Cammeray (26%), Cremorne (25%) and North Sydney (36%) – all places with median house prices of $3 million and higher.
Double Bay now has a median house price above $6 million, following a 46% increase in the past year.
Growth in the Randwick LGA is being headed by South Coogee (up 37% to $3.85 million), with Little Bay and Kensington also excelling.
In the Canada Bay LGA, high achievers include Russell Lea (38%), Abbotsford (31%) and Concord (25%), all suburbs with median prices above $2.5 million.
Growth in the Inner West is being led by Annandale (26%), Birchgrove (29%) and Haberfield (29%), while in the City of Ryde, Putney has increased 39% to $3 million.
In the lower price ranges, Sutherland Shire continues to stand out – five suburbs have recorded annual growth of 25% or more, including Loftus, Jannali, Gymea Bay, Caringbah South and Heathcote. These are all suburbs with median prices between $1.2 million and $1.9 million.
Canterbury-Bankstown is also doing well, led by Belmore (36%), Croydon Park (30%), Earlwood (27%) and Wiley Park (32%) – suburbs with median prices in the $1 million to $1.7 million range.
In the Georges River LGA, Peakhurst (30%) and Lugarno (29%) are the standouts.
Out west, growth in the City of Blacktown is being headed by Stanhope Gardens (29%) and Kings Langley (25%), while Oxley Park (37%) is the standout in the City of Penrith.
In the far south-west, Denham Court is up 45% to $855,000, while Leppington (31%) and Camden (25%) have also excelled.
In the north-west, Hills Shire has some out-performers, including Rouse Hill (36%), Box Hill (40%) and Bella Vista (31%).
