From Fairfield to Penrith: Sydney’s top 10 growing suburbs revealed

Sydney’s property market is always a hot topic, isn’t it? Whether you’re a buyer, investor, seller, or curious observer, it’s fascinating to see how this city’s property dynamics keep evolving.

So, let’s talk numbers. The median dwelling price in Sydney nudged up by 0.3% in March, according to CoreLogic, sitting at roughly $1.19 million. Not far off its peak from last September, it seems Sydney’s market is more than holding its ground.

The past five years saw a whopping 28% climb in dwelling values, with an impressive 64% increase over the past decade.

When we talk about price points, there’s an intriguing balance emerging. The upper quartile saw a 0.6% increase in the past three months, while the lower quartile rose by 0.3%. Historically, Sydney’s higher-end markets have responded more strongly to lower interest rates, and that trend seems to be reigniting.

For investors, house rents in Sydney rose by 1.9% over the past year, with unit rents climbing by 2.5%. The gross rental yield sits at around 3.1%.

Meanwhile, total property listings in Sydney have risen by 4.3% monthly, totalling 34,686 in March, according to SQM Research. Older listings – those on the market for more than six months – saw a 23.7% annual increase.

Population growth is another fascinating piece of the puzzle. Greater Sydney welcomed more than 107,500 new residents in the past financial year, according to the Australian Bureau of Statistics. Suburbs like Box Hill-Nelson and Marsden Park-Shanes Park experienced booming growth, both in population and housing demand.

Top 10 Sydney Suburbs with Highest Annual Growth (CoreLogic)

1. Fairfield (South West Sydney) – 9.5% growth, median value: $1,170,787
2. St Marys (Outer West and Blue Mountains) – 8.3% growth, median value: $987,199
3. Wollondilly (Outer South West) – 8.1% growth, median value: $1,053,297
4. Camden (Outer South West) – 7.4% growth, median value: $1,115,134
5. Bankstown (Inner South West) – 7.4% growth, median 3. value: $1,350,975
6. Mount Druitt (Blacktown) – 7.0% growth, median value: $885,883
7. Bringelly-Green Valley (South West) – 6.8% growth, median value: $1,113,035
8. Campbelltown (Outer South West) – 6.5% growth, median value: $904,976
9. Penrith (Outer West and Blue Mountains) – 4.9% growth, median value: $971,814
10. Richmond-Windsor (Outer West and Blue Mountains) – 4.3% growth, median value: $882,560

These top-performing suburbs reflect a blend of affordability, accessibility, and growing demand. Fairfield takes the crown with its 9.5% value growth, and areas like St Marys and Wollondilly are not far behind, showcasing the strength of Sydney’s outer regions.

Sydney’s market continues to thrive, proving why it’s a magnet for buyers, renters, and investors alike.