Sydney's best-performing suburbs for capital growth have been revealed by RP Data - with five suburbs showing value increases of more than 40%.
New figures from RP Data have revealed the top ten suburbs in Sydney for price increases for both houses and units.
Balmain East topped the charts for houses, with values increasing by 47.4% to an average of $2.1m, followed by North Shore suburb Waverton, which saw the median house price increase by 45.1% to $1.85m. Little Bay was the top performer for units, with the median value increasing by 42.5% to $915,000, followed by Rushcutters Bay (14.6% growth, median price $531,000) and Glebe (40.3% growth, median price $612,250).
"For houses, most of the suburbs listed are all quite close to the city except for the two suburbs on the Central Coast (Brooklyn and Wyee) and Church Point," says RP Data research analyst Cameron Kusher. "Just like the results for houses, within the unit market most of the best performing suburbs are situated in areas quite close to the
city centre."
The figures also reveal the worst performing suburbs over the last year. Breakfast Point was the worst performer for houses, seeing a 34.3% fall in prices. Belrose was the worst performer for units, seeing a 37.7% fall in values.
The full lists are:
Top performers - houses
Balmain East: 47.4%, median $2.1m
Waverton: 45.1%, median $1.85m
Tennyson Point: 39.9%, median $1.54m
Church Point: 37.8% , median $1.44m
Neutral Bay: 35.4%, median $1.54m
Brooklyn: 35.2% , median $652,500
Coogee: 34.8% , median $1.82m
Wyee: 32.7% , median $365,000
Ultimo: 32.1%, median $1.03m
Kirribilli: 31.9%, median $1.9m
Top performers - units
Little Bay: 42.5%, median $915,000
Rushcutters Bay: 41.6%, median $531,500
Glebe: 40.3%, median $612,250
Narwee: 35.5%, median $403,000
Roseville: 31.5%, median $685,000
North Sydney: 29.8%, median $610,000
North Turramurra: 28.3%, median $880,000
Darlington: 26.9%, median $414,000
North Bondi: 26.1%, median $695,000
Milsons Point: 26.1%, median $1.04m
