Sydney Suburbs With The Fastest Growth in 2024 (Houses)
- ozhousehunters
- Dec 16, 2024
- 3 min read
As we conclude the year 2024, the property market in Sydney has revealed compelling narratives of growth, resilience, and potential. Throughout this year, certain suburbs have distinguished themselves as outstanding performers, showcasing significant annual increases in house prices. Here, we examine the suburbs in Sydney that witnessed the most substantial price surges in 2024.
Suburb | Change in median sale price since last year | Median sale price | Median sale price 12 months prior | Price Increase |
Gables | 39.2% | $1,490,000 | $1,070,000 | 420,000.00 |
Davistown | 32.5% | $1,325,000 | $1,000,000 | 325,000.00 |
Wiley Park | 30.8% | $1,326,000 | $1,013,000 | 313,000.00 |
Empire Bay | 27.1% | $1,208,000 | $950,000 | 258,000.00 |
Forresters Beach | 25.6% | $1,570,000 | $1,250,000 | 320,000.00 |
Berala | 25.1% | $1,508,000 | $1,205,000 | 303,000.00 |
North Curl Curl | 24.4% | $3,795,000 | $3,050,000 | 745,000.00 |
Pitt Town | 23.5% | $1,902,000 | $1,540,000 | 362,000.00 |
Pennant Hills | 23.4% | $2,282,000 | $1,850,000 | 432,000.00 |
Bexley North | 23.0% | $1,870,000 | $1,520,000 | 350,000.00 |
Source: PropTrack
Other Notable Key Trends in Sydney’s Housing Market in 2024
Sydney’s property market in 2024 has been characterized by several overarching trends:
Strong Demand for Inner-City Living
Suburbs like Zetland, Redfern, and Rosebery have seen a surge in popularity among professionals and families, driven by proximity to the CBD, vibrant lifestyle offerings, and improved infrastructure.
Resilience in Family-Friendly Suburbs
Areas such as Epping and Randwick have continued to attract families due to their excellent schools, parks, and transport links.
Affordability Driving Demand in Western Suburbs
More affordable suburbs like Guildford and Casula have gained traction among first-home buyers and investors seeking value for money.
Luxury and Prestige Markets Holding Strong
Established suburbs such as Chatswood and Concord have maintained steady growth, supported by high demand from both local and overseas buyers.
What Drove Growth in 2024?
Infrastructure Improvements: Investments in transport, schools, and recreational facilities have made certain suburbs more appealing.
Migration Trends: As Sydney continues to attract both interstate and international migrants, demand for housing in key areas has surged.
Economic Resilience: Despite global challenges, Sydney’s diversified economy has supported a stable property market.
Conclusion
Sydney’s property market in 2024 has demonstrated resilience and strong growth across a mix of inner-city and suburban areas. For buyers and investors, these suburbs represent opportunities shaped by infrastructure, lifestyle appeal, and economic factors. As we move into 2025, keeping an eye on these high-growth areas could unlock potential for capital gains and quality living.
Whether you’re a seasoned investor or a first-time buyer, understanding these market trends is key to making informed decisions in Australia’s dynamic property landscape.
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Published by
Nick Karayanis B.Eng. UNSW (Civil)
Licensed Contractor NSW (Building)
Disclaimer:
The content of this blog is for informational and educational purposes only and should not be considered professional financial, legal, or real estate advice. Every real estate transaction and renovation project is unique, and you should consult with qualified professionals, such as real estate agents, contractors, and legal advisors, to address your specific needs and circumstances. The information provided here is based on personal experiences and research and may not reflect current market conditions or regulations in your area. Readers assume all responsibility for decisions made based on the content of this blog.
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