Sydney property market
Insider knowledge for smart investors
Get valuable insights into the Sydney property market to help make the best property investment decision for you.
Sydney property prices and growth
If you’re thinking about investing in Sydney property, understanding the local market is essential before you make an investment decision.
We are experts in the Sydney property market and constantly analyse trends and forecasts to offer the highest quality insights for your purchase.
Sydney at a glance
Sydney is a major city in Australia and one of the country’s largest property markets. Sydney’s internationally famed culture, climate and landmarks attracts people from across the globe, making it one of the most diverse and multicultural populations in the world.
Annual market growth
-7.4%
Median sale price
House: $1.14M
Unit: $737K
Median rental price
House: $550/wk
Unit: $550/wk
Our insights
The Sydney property market has experienced a boom over the last ten years thanks to population and job growth. But, a recent decrease in median property value indicates the market has entered its correction phase.
Market
Sydney has experienced a boom in the last five years with a huge 75% increase in house prices since 2013. For the first time, the median house price hit $1 million, making Sydney one of the most expensive cities in the world to buy.
As expected after growth of this scale, Sydney’s market is now slowing. However, Sydney’s economy remains strong with jobs and population figures predicted to continually increase, indicating this is a natural correction in the market cycle rather than a market ‘crash’.
Location
Sydney is made up of many small markets. By zooming into individual suburbs, there is still potential for property price growth despite the overall slowing of the Sydney market as a whole. This is particularly true for Sydney’s inner and middle ring suburbs, which consistently see a higher property price growth than outer areas of the city.
The population of Sydney grew by 1.7% last year reaching an estimated 5.57 million people
- Sydney created almost one third of all new Australian jobs last year
There are approximately 650 suburbs in Sydney’s metropolitan area
Population
The average age of residents in Sydney’s CBD is just 32 years old, with many younger buyers and tenants looking for the convenience of city living and entertainment facilities. This has contributed to the gentrification of previously undesirable areas, which are now hot spots for property investment with infrastructure spending being pumped into inner and middle ring suburbs.
Property investors can benefit from these trends by securing the right type of property, in the right area. Some areas of Sydney suffer from an oversupply of property, so it’s important to conduct research to ensure that any investment will be attractive to Sydney’s very specific demographic.
Spend an hour with a property expert to explore which investment option is best for you.
Want to know more about suburbs in Sydney and the Sydney property market?
Download a free property suburb report for knowledge on real estate prices and trends.
Invest in Sydney with Reventon
Essential market knowledge
Australia’s housing market is made up of lots of micro-markets across cities and suburbs. There are dozens of factors that impact these markets, including infrastructure, economy, population and job availability, and local developments such as new schools, businesses and amenities. We conduct in-depth research to find the next high growth areas for your investment.
Personalised advice for free
The best way to find out which area is most suited to you and your financial goals is to speak with one of our advisers with our free personalised advice service. You’ll receive a comprehensive investment report tailored to your personal financial circumstances and goals. This includes the type of investment that suits you, where you could buy, and how much you could expect to profit.
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