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Sydney property values finished the year 11.5% higher – the highest
growth in dwelling values across all the capital cities. The past
three calendar years has seen Sydney lead the capital gain stakes;
however have the pace of market activity and value growth has
started to slow across the Australia’s largest capital city. The final
quarter of 2015 saw dwelling values slip by 2.3% and the annual
pace of growth is well below the July 2015 peak of 18.4%. Houses
and units recorded a very similar performance over the year, with little
separation in the rate of value growth. House values were up 11.5%
over the year compared with an 11.3% gain in unit values.
NEW SOUTH WALES
Sydney leads in capital gains
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
DEC-05
JUN-06
DEC-06
JUN-07
DEC-07
JUN-07
DEC-08
JUN-09
DEC-09
JUN-10
DEC-10
JUN-11
DEC-11
JUN-12
DEC-12
JUN-13
DEC-13
JUN-14
DEC-14
JUN-15
DEC-15
Houses
Units
Median Price*
$935,000
$676,000
Quarterly change
–2.7%
–0.3%
12 months change
11.5%
11.3%
5 year total change
43.6%
35.9%
10 year total change
79.7%
71.2%
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
$387,000
31 26.5%
2
GWANDALAN
$415,000 107 23.9%
3
EMERTON
$424,000
22 23.5%
$$
Mid-range
1
MACMASTERS BEACH $907,500
42 36.5%
2
PHEASANTS NEST
$925,000
19 35.0%
3
LAKEMBA
$927,500
51 31.5%
$$$
Prestige
1
CABARITA
$2,265,000
34 34.0%
2
ROSE BAY
$3,109,000
78 32.3%
3
MIDDLE DURAL
$2,175,000
18 31.8%
Rank
Suburb
$
Affordable
1
FAIRFIELD
$395,000 168 19.0%
2
ST MARYS
$413,500 211 18.3%
3
BRADBURY
$360,000
27 18.0%
$$
Mid-range
1
PANANIA
$677,000
28 18.8%
2
BEXLEY
$665,000 127 18.8%
3
MANLY VALE
$670,000 107 15.5%
$$$
Prestige
1
KIRRIBILLI
$1,100,000
72 44.7%
2
MILSONS POINT
$1,310,000
80 44.0%
3
ROZELLE
$1,050,000
95 30.4%
4