Sydney's 10 best suburbs for investment 2022
Sydney best suburbs for investment
Sydney property prices exploded in 2021, rising at their fastest pace ever. According to CoreLogic, Sydney dwelling values were up 19.8% by September, the second strongest capital behind Hobart. Steam has started to come out of the market with growth plateauing, but prices are forecasted to rise a further 5% over 2021 and into 2022.
So what suburb should you be buying in? Find out the top 10 Sydney suburbs for investment in 2022 as well as other information like median house and apartment price and rental yield.
1. Bardwell Park
Bardwell Park is located 12 kilometres south of the Sydney CBD and sports easy access to the eastern suburbs, inner west, WestConnex, and Sydney airport. The suburb had a red hot 2020, with the median house price rising by almost $400,000 since the start of the year. Housing mostly families and older couples, the suburb is in high demand with limited stock available.
Median house price: $1.6 million
Median apartment price: N/A
Rental house yield: 2.3%
Rental apartment yield: 2.6%
2. Blacktown
Situated in Western Sydney, Blacktown is a popular suburb for owner-occupiers and investors alike. Blacktown saw double-digit growth in house prices from 2013 to 2018, and values remained steady throughout 2020. The region is set to see over $5 billion worth of infrastructure in coming years, and is an attractive prospect with a median house price over $200,000 below the Sydney average.
Median house price: $810,000
Median apartment price: $505,000
Rental house yield: 2.6%
Rental apartment yield: 3.8%
3. Narrabeen
This beachside suburb is perfect for those seeking a great work/life balance. Popular among young professionals and families, units in this Northern Beaches suburb saw growth of over 12% last year. Narrabeen is one of the more expensive Sydney suburbs and is in high demand, mostly among middle-aged professionals and families, displaying exponential growth in recent years.
Median house price: $3.5 million
Median apartment price: $1.12 million
Rental house yield: 1.6%
Rental apartment yield: 2.8%
4. Badgerys Creek
Located in south-west Sydney, Badgerys Creek is set to benefit from the nearly finished $9 billion Western Sydney airport. Combined with more than $15 billion in infrastructure to the area, the location is set to become a massive hub, driving house prices up. There’s little stock available on the market in the suburb so you’ll have to get in quick
Median house price: N/A
Median apartment price: N/A
Rental house yield: N/A
Rental apartment yield: N/A
5. Windsor
Just north of Sydney, on the banks of the Hawkesbury River, Windsor is a historic, leafy suburb, perfect for those who don’t mind the one hour train commute to the CBD. The working-from-home shift has made Windsor a much more attractive prospect for many Sydneysiders, with improvements to local infrastructure making the commute easier.
Median house price: $790,000
Median apartment price: N/A
Rental house yield: 3.0%
Rental apartment yield: 3.8%
6. Cherrybook
Cherrybook has boasted consistent capital growth in recent years, coupled with numerous high-value sales as a result of its affluent residents. The launch of the Sydney Metro Northwest rail link, house prices are expected to rise further. The suburb is dominated by older and established couples and their families, with bush views and lush lawns a plenty.
Median house price: $1.8 million
Median apartment price: $1.02 million
Rental house yield: 2.3%
Rental apartment yield: 2.7%
7. Avalon Beach
Avalon Beach is situated 37 kilometres north of the Sydney CBD and is another great location for those looking for a beachside work/life balance. The suburb was virtually untouched by the pandemic and has seen some of the strongest growth of any Sydney suburb in recent years. A new hospital and investment in roads will see this growth continue.
Median house price: $1.98 million
Median apartment price: $1.01 million
Rental house yield: 1.97%
Rental apartment yield: 2.48%
8. Miranda
Almost 24 kilometres south of the Sydney CBD, Miranda is known as a commercial centre for The Shire. However, with many people working from home, the location has grown in popularity due to its beaches and rivers. Unit construction has tripled in the last three years, and strong population growth and low unemployment should see solid opportunities for capital growth.
Median house price: $1.42 million
Median apartment price: $750,000
Rental house yield: 2.7%
Rental apartment yield: 3.4%
9. Mount Druitt
Mount Druitt is situated 38 kilometres west of the Sydney CBD and has perhaps undeservedly got itself a bad wrap in recent years. The region is undergoing a serious transformation, with $1.5 billion worth of infrastructure approved by the Federal Government. Apartments could be a bargain buy in Mount Druitt, with a relatively cheap median price point and solid rental yield.
Median house price: $774,000
Median apartment price: $425,500
Rental house yield: 2.8%
Rental apartment yield: 4.0%
10. Beacon Hill
Located in the Northern Beaches region, just 17 kilometres north-east of the Sydney CBD, Beacon Hill has seen its rental market tighten immensely as result of COVID. Planned infrastructure is set to make the commute simpler, and the work-from-home shift is likely to have more people consider the area. Beacon Hill is a high demand suburb with low rental stock so get in quick to avoid disappointment.
Median house price: $2.3 million
Median apartment price: N/A
Rental house yield: N/A
Rental apartment yield: N/A
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