Sydney has been the best performer for property value growth,
across Australia’s state and territory capitals, increasing by 16.2%
over the financial year. The rate of growth accelerated over the
second half of the 2014-15 financial year, spurred on by interest
rates being lowered in February and May. The strong New South
Wales economy, as well as high rates of migration and significant
investor demand have also played important roles in driving growth.
Auction clearance rates have shown a subtle softening during the
winter months across Sydney, however, week to week clearances
remain above 80% indicating vendors continue to enjoy strong selling
conditions in this very hot market.
NEW SOUTH WALES
Sydney leads for price growth
Sydney’s performance over time
Sydney’s best performers
$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
Sydney Median Price
Houses
Units
Dwellings
Houses
Units
Median Price
$900,000
$650,000
Quarterly growth
3.40%
1.50%
12 months growth
17.80%
9.50%
5 year total growth
41.60% 30.90%
10 year total growth
71.10% 57.00%
Rank
Suburb
$
Affordable
1
BUDGEWOI
$344,000 105 15.30%
2
GOROKAN
$357,500 247 13.20%
3
BUFF POINT
$382,500
86 12.70%
$$
Mid range
1
MACMASTERS BEACH $905,000
38 28.10%
2
RIVERWOOD
$913,000
80 25.40%
3
WENTWORTHVILLE
$910,000 105 21.50%
$$$
Prestige
1
CABARITA
$2,450,000
30 38.20%
2
ROSE BAY
$2,800,000
85 23.30%
3
LONGUEVILLE
$2,865,000
43 17.80%
Rank
Suburb
$
Affordable
1
CARRAMAR
$313,500
43 24.00%
2
CANLEY VALE
$360,000
67 19.00%
3
MOUNT DRUITT
$360,000 226 16.20%
$$
Mid range
1
WOOLOOWARE
$657,500
44 24.30%
2
CONDELL PARK
$657,500
81 23.50%
3
ALLAWAH
$650,400
78 14.80%
$$$
Prestige
1
ROZELLE
$1,002,500
63 22.80%
2
DOUBLE BAY
$1,150,000
79 19.00%
3
LILYFIELD
$1,045,000
39 16.30%
Median Price (3 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
4