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Sydney’s rate of capital gain has been nation leading over the
current cycle. This has seen dwelling values rise a cumulative 50%
since June 2012. There have been some recent signs that the rate
of capital gain may be moving through the peak of the cycle as
affordability constraints block some buyers from participating in the
market. In addition, rental yields have moved to new historic lows
and lending conditions have continued to tighten. Houses have
continued to show a stronger capital gain profile compared with
apartments; however, both sectors of the market have shown a
substantial increase in values over the cycle to date.
NEW SOUTH WALES
Sydney’s growth shows signs of peaking
Sydney’s performance over time
Sydney’s best performers
Sydney Median Price
Houses
Units
Dwellings
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
JAN-05
JUL-05
JAN-06
JUL-06
JAN-07
JUL-07
JAN-08
JUL-08
JAN-09
JUL-09
JAN-10
JUL-10
JAN-11
JUL-11
JAN-12
JUL-12
JAN-13
JUL-13
JAN-14
JUL-14
JAN-15
JUL-15
Houses
Units
Median Price*
$892,200
$660,000
Quarterly change
4.3%
5.6%
12 months change
17.6%
12.6%
5 year total change
43.7%
35.5%
10 year total change
79.4%
67.5%
Rolling Median Price (12 months)
Number sold (12 months)
12 month change in median price)
Affordable
= suburbs below 25th percentile
Mid range
= suburbs between 25th and 75th percentile
Prestige
= suburbs above 75th percentile
Rank
Suburb
$
Affordable
1
WARRAGAMBA
$375,500
33 23.1%
2
TREGEAR
$402,000
75 21.8%
3
BLACKETT
$405,000
56 20.9%
$$
Mid range
1
MOUNT PRITCHARD
$610,000
127 26.6%
2
LURNEA
$595,250
137 25.3%
3
VALLEY HEIGHTS
$601,100
23 24.2%
$$$
Prestige
1
CABARITA
$2,440,000
28 47.9%
2
CASTLECRAG
$2,500,000
82 30.7%
3
WARRAWEE
$2,480,500
46 29.2%
Rank
Suburb
$
Affordable
1
AMBARVALE
$311,500
34 19.8%
2
GOROKAN
$275,000
42 16.5%
3
KATOOMBA
$307,500
32 14.7%
$$
Mid range
1
ETTALONG BEACH
$488,500
114 21.2%
2
AUBURN
$481,000
360 20.6%
3
HINCHINBROOK
$475,000
14 19.5%
$$$
Prestige
1
MILSONS POINT
$1,425,000
74 45.1%
2
ROZELLE
$1,090,000
77 40.6%
3
KIRRIBILLI
$1,000,000
78 31.6%
4