Revealed: Rapid rate of Sydney's most in-demand suburbs
PropTrack data revealed multiple areas where homes are being purchased at a rate of more than one home every single day, with more than 365 sales over the past year.
These suburbs accounted for a large share of the total properties being transacted annually, with the top 40 most popular suburbs alone driving 22 per cent of all home sales across Greater Sydney.
The data revealed suburbs houses have sold over 365 listings in the past 12 months were Blacktown, Marsden Park and Castle Hill.
While top performing suburbs for unit sales over the past year included Parramatta, Liverpool, Dee Why, Epping and Ryde.
PropTrack Senior Economist Anne Flaherty said these suburbs equally indicate where people are most frequently buying – due to a combination of accessibility and lifestyle appeal.
'First and foremost is the actual size of the suburb, an area like Blacktown for example is a relatively big suburb,' she said.
'Then also homes that may meet someone's expectations for a period of time but not necessarily for the whole of their lifetime.
'There are a few there which are relatively more affordable areas and so they might be properties that people upgrade from.'
According to Ms Flaherty, this frequency may also alleviate rapid rising prices in these suburbs in contrast to tighter-held locations.
'When we do see a lot of homes coming up for sale, it means that there is more choice for buyers in those areas and can help to prevent prices growing as rapidly as they would if fewer homes were coming up for sale,' she said.
'Looking at Blacktown for example, the median house price is well below the greater Sydney house price, so it is what you would consider by Sydney standards, relatively affordable.
'I think for people looking to buy houses at a more affordable entry point, it's a great place to go, we know after a while those areas do see a good capital growth and for a lot of people it's their first step into the property ladder and then they upsize, perhaps needing a larger dwelling or perhaps want to live closer into Sydney for example.'
Ms Flaherty said unit development over the last decade in these suburbs was another factor.
'Liverpool and Blacktown, they are areas where there is a lot of development happening so that's another factor,' she said.
William Halteh and his wife Nicole, who are expecting their first baby in October, are selling their home in Marsden Park, one of the most popular areas, and shared why they think the suburb has been so appealing.
'It was fairly new to the market and it was going to be an exciting area to live in, a lot of land available and a whole new community,' Mr Halteh said.
'We built our home and we've been living here for about four years now.'
Ms Haltech said it was an attractive area with everything close by.
'It's family orientated, there's schools nearby, the shops are down the road, we have a lot of friends around as well,' Ms Halteh said.
'There are nice walking tracks and multiple parks around the area so you can go on a nice stroll – the scenery is beautiful.'
Ms Haltech added the area is also rapidly progressing.
'They keep expanding it,' she said.
'They are adding more shopping centres, there's a new high school that has just opened and there's a metro apparently that will be built and coming along here for the Western Sydney airport,' Mr Halteh added.
The Halteh's selling agent Kavishay Prasad of LJ Hooker Schofields said the high amount of properties transacting in suburbs such as Marsden Park was likely due to its fairly new offering.
'There's a lot of greenery, a lot of parks and still very much a developing community,' he said.
'The family-friendly component of Marsden Park, which is why there are so many young families entering the market, particularly with mention of the property at 89 McAlister Parade.
'A lot of buyers have been first homebuyers, young families, people that are looking to solidify their living in the suburb for the next five to ten years.'
PropTrack data confirmed combined averages for house and unit sales over the past year soared in suburbs such as Blacktown, Ryde, Liverpool, Parramatta and Epping.
Four years later, the Haltech's are now making a move closer to family for their next chapter.
'Because we are expanding our family it will be nice to be closer where I'll be able to have that support,' Ms Haltech said.
'It is a bit crowded at the moment – because it's such a popular area,' Mr Haltech said.
'At the moment, we're currently looking in the Narellan, Mount Annan areas, Camden also because of the scenery as well.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News.com.au
25 minutes ago
- News.com.au
Newtown's home six-car basement garage has luxury buyers revved up
Contemporary luxury in Geelong's premium suburb doesn't come much better than this striking architect-designed home set over three expansive levels. The knockdown-rebuild project of epic proportions has barely aged a day since it was first constructed back in 2010. It's bold, angular facade is as sharp as ever, though the manicured gardens have matured over the past 15 years to put a softer finishing touch on the sleek urban oasis. Maximising views over the north-facing rear yard and existing trees on neighbouring properties was a key priority for the owners of 10 Mercer Pde, Newtown, who worked with Chris Idle from Idle Architecture Studio and builder Ben Jolley to bring their vision to life. Whitford, Newtown listing agent John Moran says the landscaping is integral to the jaw-dropping entry to the four-bedroom home. 'It's over three levels but on that middle level when you walk through the front door you can see that back yard and the pool – the floor-to-ceiling glass is very impressive,' he says. The tiled swimming pool, when not in use, can be conveniently concealed under a hidden Sunbather automatic cover. It's just the kind of detail you'd expect to find at a home labelled 'one of Newtown's finest'. Downstairs, the vendors' passion for cars is embodied in the basement, where there's space to park up to six vehicles and a car service pit, as well as fast charging capabilities, a workshop with three-phase power and a 1200-bottle wine cellar. 'They certainly like their cars and certainly the interest already has been people with nice cars,' Mr Moran says. A lift delivers you from the basement to the two floors above, where a flexible floor plan provides three separate living areas and four bedrooms, including a spacious main suite. The first floor living room is particularly adaptable, with provisions and underfloor plumbing service connections already in place to carve out an additional ensuite bedroom should it one day be required. Similarly, there's space in one large ground floor bedroom to partition off a dedicated home office. High 3.2m ceilings, featuring oak accents to the entry and central dining area, and large commercial grade windows make a grand statement in both living areas on the main level. A premium kitchen with a granite island bench, Siemens appliances and a huge butler's pantry with a second sink and dishwasher presides over the north-facing rear lounge. The nearby second living room, with views towards Highton, has a Jetmaster wood fireplace and home theatre equipment, including a 130-inch retractable screen and Bose sound system. The main bedroom suite is a private sanctuary with windows overlooking the rear garden, a large dressing room and an ensuite with a freestanding Apaiser marble bath. Whitford, Newtown agent John Moran is handling the sale of 10 Mercer Pde, Newtown. Price hopes are $4.4m to $4.8M
News.com.au
25 minutes ago
- News.com.au
Geelong sellers lower hopes, head to auction
A real estate agent says flipping the campaign to take a central Geelong character home to auction is a sign the owners were genuine about finding a buyer. The three-bedroom Federation era house at 39 Fenwick St is listed with price hopes from $875,000 to $925,000 and goes to auction on August 9. Wilsons listing agent James Wilson said the classic home had well served a number of family generations and is ready to be improved and developed. Bayside suburb gets green light for 2000 new homes The price guide largely reflects the value of the 836sq m landholding on the site, between McKillop and Myers St in the CBD. 'We are trying to communicate fairly genuinely that we're looking to sell,' Mr Wilson said. 'It's a property that's appealed to a cross-section of buyers. 'There's been people that have been interested in the home itself. 'And being that it carries an Activity Centre zoning, there's also been others that have looked at it for development and consultancy purposes, with a more commercial application. 'You've got a pretty broad zoning in terms of what the permitted uses area and also the way in which someone can actually develop the land and the property. 'It's really appealing from that point of view.' The property offers off-street parking for two cars and a location near major residential suburbs and established consultancy businesses in the southwest corner of Geelong's CBD. 'Realistically, from a residential point of view, you're close to everything,' Mr Wilson said. 'You're close to the CBD, Pakington St in Newtown and Geelong West. 'It has all the residential benefits but it's also a nice big piece of land that if someone wanted to use it from a consultancy point of view, they've got plenty of parking, and good on-street parking as well.' Records show the property last sold in 2021 for $950,000 and was listed for some time in 2024 with a higher price range. Geelong's median house price has dropped 11 per cent in the past 12 months to $890,000.
News.com.au
25 minutes ago
- News.com.au
Perth woman, 26, earns $10k-a-month doing job ‘no one else wants'
A Perth woman has revealed how she makes $10,000 a month working a job she says no one else wants. Ashlea, a FIFO worker, has amassed a large following documenting her life as a dump truck driver. The 26-year-old earns $120,000-a-year despite working for less than six months in a 52-week period, leaving plenty of time for her glamorous adventures, such as her recent trips to Bali, Finland, Saudi Arabia and Colombia. The average annual salary for full-time workers in Australia is approximately $102,741, according to the Australian Bureau of Statistics (ABS) data from 2024. However, the median salary, which represents the middle point of all salaries, is around $88,400. In a recent video, Ashlea revealed that she recently splurged on her 'dream car', after six years of working in the mines, The Sun reports. 'I had this car on my vision board that I made about six years ago,' she said in the clip, before the camera pans to show a Mercedes convertible in a cream colour. 'I feel so grateful and like a bad b*tch.' She previously went viral in 2023 after detailing her schedule as a dump truck driver, working 14 days on and 14 days off in the Pilbara mines. 'When I first started as a greenie [new truck driver], for my first three months I was paid $36.50 an hour,' she said. 'And we do 12-hour days, often waking up at 4am for hectic shifts in the sweltering heat.' Just three months into her new job, she said her hourly pay jumped up to $43.50 an hour. She added: 'So quite a nice jump. And for my first year as a greenie, that would have taken me to approximately $94-$95,000 annually for the six months. 'So, pretty cool for a new truckie.' Her latest rate is about $51.50 an hour – and she gets a $2000 bonus each month she stays with her contracting company. 'So that could be anywhere between $6000 and $10,000 a month,' she explained. 'Annually, my $51.50 would be approximately $112,000. With my bonuses, that could be another $10,000, so $122,000 for my first year. 'And then when I'm employed directly with the company itself, every full year you're employed through the mine site direct, they pay you a bonus also which I think is approximately $3000 each year. 'And then if the company itself does well I think they actually pay you a bit of a profit share just as a thanks, which I love.' Another perk of the job is that her employer covers the cost of everything – including accommodation, food and flights. She added that she only works 22 weeks a year, which is less than half the year once her four weeks of annual leave are factored in. Despite being an advocate for female FIFO workers, Ashlea's viral fame has earned her the title of 'world's hottest' truck driver, according to some social media users. 'I had the biggest f**king LOL,' she said after learning of her nickname. 'It's a little bit too much responsibility but I appreciate it.'
