Sydney suburbs where you can still buy a house for under $900k

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on March 07, 2022 Fact Checked
Sydney suburbs where you can still buy a house for under $900k

New research commissioned by Shore Financial revealed the top-performing Sydney suburbs for 'working class' to 'elite' buyers.

The report divides Sydney's 600 plus suburbs into five quintiles based on their current median house prices, and then picks the top five performers from each group over the past year.

Certain suburbs are excluded based on benchmarks and trends relating to house prices, days on market, sales volumes, inventory and more over the previous three moths. 

The suburbs were then ranked based on median house price growth over the past 12 months.

The five quintiles were categorised as the following: Working Class Sydney, Suburban Sydney, Rising Sydney, Professional Sydney, and Elite Sydney.

In the top-performing Working Class suburb, Austral, the median house price increased by $360,500 over the year to February 2022.

This is compared to the median house price in Bellevue Hill, Elite Sydney's top suburb, which rose an 'extraordinary' $4.2 million over the past year.

Shore Financial CEO Theo Chambers said the quarterly report provides a great insight into how the Sydney property market has boomed over the past year.

"For most of the suburbs in the report, inventory levels are under two months and days on market are under 30 days," Mr Chambers said.

"In other words, supply is low and demand is high. The numbers might look very different this time next year, because the evidence suggests the Sydney market is softening.

"But for the past 12 months and also right now, Sydney has been a seller’s market."

It's worth noting that many of the suburbs listed were up to a 90-minute drive from Sydney's CBD, such as those on the Central Coast.

Top five Working Class suburbs

The top five Working Class suburbs all had median house prices of under $900,000, compared to Sydney's current median house price of $1.6 million.

Median house prices also rose by at least $200,000 over the past year.

Rank Suburb Median house price Median house price growth over the past year
1 Austral $860,000 $360,500
2 Summerland Point $800,000 $250,000
3 Canton Beach $840,000 $235,000
4 Noraville $815,000 $220,000
5 The Entrance $840,000 $218,500

Source: Shore Financial

Top five Suburban suburbs

The top five suburban suburbs inched closer to the $900k mark but were still under this price point.

Median house prices also increased by over $100,000 in each of these suburbs.

Rank Suburb Median house price Median house price growth over the past year
1 Box Hill $882,000 $265,000
2 Appin $895,000 $165,000
3 Bonnyrigg $889,000 $143,000
4 Lansvale $878,000 $122,000
5 Horningsea Park $885,000 $115,000

Source: Shore Financial

Top five Rising suburbs

The Rising Sydney suburbs all boasted median house prices of over $1 million.

House prices also grew by over $470,000 in the past year.

Rank Suburb Median house price Median house price growth over the past year
1 Wamberal $1,645,000 $554,000
2 Scotland Island $1,450,000 $525,000
3 Loftus $1,450,000 $505,000
4 Yarrawarrah $1,500,000 $480,000
5 Erina $1,050,000 $476,000

Source: Shore Financial

Top five Professional suburbs

These suburbs all had median house prices of over $2 million and saw house price growth of over $680,000.

In the top-performing suburb, Taren Point, house prices grew by almost $1 million over the past 12 months.

Rank Suburb Median house price Median house price growth over the past year
1 Taren Point $2,300,000 $969,000
2 Narraweena $2,310,000 $706,200
3 North Ryde $2,303,000 $696,300
4 Glenorie $2,305,000 $690,000
5 Monterey $2,160,000 $680,000

Source: Shore Financial

Top five Elite suburbs

The most expensive suburbs mentioned were in Elite Sydney, with two median house prices over $8 million.

House prices also grew by at least $1.7 million in all five suburbs.

Rank Suburb Median house price Median house price growth over the past year
1 Bellevue Hill $8,410,000 $4,213,637
2 Vaucluse $8,175,000 $2,774,000
3 Clontarf $5,340,000 $2,015,000
4 Bronte $5,400,000 $1,950,000
5 Narrabeen $4,050,000 $1,750,000

Source: Shore Financial


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Rachel is a Finance Journalist, and joined Savings in 2021. Coming from a background in the FinTech space, her interests include the innovation of lending technology, property, investing, and more. With a passion for educating and informing people about their finances, she hopes to increase the financial literacy of everyday Australians.

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