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Buy in these 5 Sydney suburbs before they break the $2m barrier

By Aleksa Rokvic •

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Nick Viner, buyer’s agent and founder of Buyer’s Domain, reveals five Sydney suburbs where the median house price is set to soon break the $2million price barrier, presenting great opportunities for investors.

Nick Viner

Leichhardt (median house price $1.760 million)
Leichhardt is the very definition of a ‘bridesmaid’ suburb. Its neighbouring suburbs comprise $2 million-plus locations such as Annandale, Lilyfield and Haberfield. These areas are heritage conservation zones offering extraordinary lifestyle facilities and convenience services. Leichardt buyers can access all the same amenities at a far lower buy-in price… for now at least. Leichhardt’s position just five kilometres from the CBD, as well as its excellent transport options, make it a winning choice. If you can find anything with three bedrooms under $2 million here, that would be a great buy. For below-median buyers looking to profit in the $1.6 to $1.8 million range, a two-bedder with the potential to add a bedroom or expand the floor area in the future would be ideal.

Alexandria (median house price $1.875m)
I find it surprising Alexandria isn’t already above that $2 million median. The suburb is on the fringe of the affluent and highly desirable inner-east. You have ready access to Sydney’s best lifestyle suburbs, cafes and restaurants, and retail outlets. It’s also a hop, step and jump from the CBD. Alexandria has hugely diverse housing quality on offer. The key to making the most gains here is buying in one of the suburb’s best streets. That’s either in the ‘golden triangle’, as it’s known, or on Lawrence Street or Belmont Street. At $1.6 to $1.8 million you could find a two-bedroom terrace that would do well in the future.

Rose Makin/Shutterstock.com

Rosebery (median house price $1.845m)
Like Alexandria, this suburb is on the edge of the inner-east suburbs, so it is extraordinarily well placed to enjoy strong capital growth in the coming months and years. In addition, Rosebery is gentrification central; its transformation into one of the city’s trendiest centres is well underway, and this bodes well for value growth. Rosebery is a great option for family buyers who can’t afford Kensington as it has larger, family-sized homes priced around $2.5 to $3 million. In Kensington the same property is closer to $3.5 million to $4 million. The challenge for the budget conscious buyer here is finding stock – it’s an incredibly tight market with many houses well over $2 million already. That said, there have been two-bedroom semi-detached homes sold for the sub-$2 million mark and these could deliver an excellent value growth option.

Summer Hill (median house price $1.9525m)
Summer Hill has a wonderful village feel with a strong community vibe. It has great local shopping and other facilities, and the train can get you to the CBD in about 20 minutes. Summer Hill is another suburb where it beggars belief that the median price is still under $2 million but it really won’t be for long. I expect Summer Hill will break the $2 million barrier in a matter of weeks, given much of today’s data is based on historic sales evidence. Once the recorded median goes above $2 million, expect growth in lower-priced properties to gain momentum fast. In fact, any property you can buy below $2 million today would be well worth consideration.

A small two-bedroom terrace that needed some renovation work might be on the cards at that price point. If you have the means, buying in the right streets would be best. Ideally being south of Smith Street, north of Junction Road, east of Prospect Road and bounded by Lewisham and the Light Rail will yield the best results.

Newtown (median house price $1.680m)
Newtown is already an extraordinarily popular near-city centre suburb. It has street-wise cache and a cool urban feel. A wander along King Street reveals great cafes, restaurants, entertainment and hip retail outlets. Newtown is also on the CBD’s doorstep, and its trendy vibe feeds off nearby Sydney University. The Royal Prince Alfred is also a great source of tenant demand. Because this is a city lifestyle suburb, it’s going to bounce back strongly in this post-COVID lockdown period as businesses flourish once more. You can still find a two-bedroom terrace at around the $1.5 to $1.6 million mark that should do well. Ideally you want to be buying north of Alice Street.

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Contact Nick to help you buy your next home

Life as a buyer’s agent: negotiation, relationships and a great bullshit radar!
In Australia’s hot property market, more people than ever are using a buyer’s agent. Tina Clark from Rose and Jones is one such agent, helping people find and purchase their dream home…
5 of the most underrated Sydney suburbs to build in
By Paul Spicer The NSW Department of Planning is forecasting more than 150,000 dwellings to be built across Sydney in the next four years, leaving only a quarter of the…

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November 12, 2021

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First time EVER I've woken up at home without thes First time EVER I've woken up at home without these two here (since they were born anyway!) and I don't mind admitting I don't like it one bit!

They had their first ever sleepover at their grandparents last night and I'm ITCHING to go and get them! 

Cute outfits for their uncle's wedding yesterday. They scored a first class new auntie in @annoobie_ now official ❤️ Congratulations Dom and Anh.
Did somebody say spring?! 🌼 🌱 ❤️ Here's Did somebody say spring?! 🌼 🌱 ❤️

Here's our @amycollinswalker's picks from the gorgeous new ranges at @linen_house 

All the details on the homepage now via link in bio.

This is giving me Christmas table inspo. How do you decorate your Christmas table? Growing up in the UK it was always traditional green and red but here I go all out fresh and summery!

#springdecor #springdecorating #springdecorations #springdecoration #springdining #springtablescape #springlinen #springbedroom #ginghamcushions #gingham #linenhouse #linenaddict #interiorsaddict #theinteriorsaddict #jenbishop #heartyourhome #tablelinen #tablecloths
Colour hug, anyone?! A collaboration with design Colour hug, anyone?!

A collaboration with design studio Nexus Designs, this palette from the new @haymespaint colour forecast is perfect for those looking to create a tranquil environment and has a particular focus on darker shades.

“Inspired by the qualities of an intimate reading room, confident and expressive colours such as Florida Everglade have a muted depth that embody this. Balanced and subtle, it’s also invigorating and luscious. Through all over application, paired with contemporary furniture and styling, this colour and the broader palette plays with tactility, translucency, reflection, and form,” says Myra Murtagh of Nexus. 

See the rest of the colour forecast, include collabs with @adairs and TikTok favourites @joshandmattdesign on the blog homepage now, via link in bio.

#haymespaint #colourforecast #painttrends #colourtrends #paintcolours #paintcolors #darkwalls #readingroom #moodywalls #moodyinteriors #interiorsblog #interiorsaddict #theinteriorsaddict #jenbishop #heartyourhome
Featuring in a Block "disaster" room nevertheless Featuring in a Block "disaster" room nevertheless paid off for artist @adoni.art 

Slammed for being too small, @kyleandleslie's living room was otherwise praised by the judges for being beautifully styled.

"In terms of using it as a marketing platform it’s been amazing," he said. "Even for people who don’t follow the show it’s validation that they are following an artist that’s levelling up. The exposure has translated to sales, traffic and attention and it’s everything I wanted because I’m about to launch a new collection.”

Read our chat with Adoni and see more of his gorgeous work via link in bio now.

Have you ever bought something you saw on the Block?

#theblockroomreveals #theblock #theblock2023 #affordableart #affordableartaustralia #affordableartonline #australianartist #australianart #livingroomart #livingroomstyle #livingroomideas #smalllivingroom #adoniart #theinteriorsaddict #interiorsaddict #jenbishop #heartyourhome #blockshopper
Pink and green should always be seen! From time t Pink and green should always be seen!

From time to time, we stray from our Australian-homes-only rule when we uncover something we really love! This project, by @2lgstudio (and also the interior design duo’s own home) is featured in Ornament Is Not a Crime, a new coffee table interiors book by Sydney-based design writer @rebeccalgross.

Head to the homepage via link in bio to read about this home and see more colourful pictures in an extract.

#2lgstudio #2lg #londoninteriordesigner #londoninteriors #londonhome #londonhomes #brighthome #brightinteriors #funinteriors #colourfulhome #interiordesignersathome #pinkandgreen #pinkandgreendecor #pinkandgreenshouldalwaysbeseen
Real reno: How's this for a luxe bathroom?! Natas Real reno: How's this for a luxe bathroom?!

Natasha from QLD recently finished a major reno of her Queenslander and this is her favourite room of all. We can see why!

She used @beaumont.tiles  Lux Calcutta slabs in gloss the wall and matt for the floor.

 "We have infused a Hamptons style whilst still remaining true to the traditions of old Queenslanders," she said. "Our bathroom is north west facing and captures such great morning light. We wrapped the cabinetry all the way along the vanity for ease of access for the bath, towels and accessories. We tiled all the way to the ceiling to create a more luxurious space. It's my favourite room in the house!"

#ichosebeaumonts #beaumonttiles #tiles #bathroomtile #bathroomtiling #hamptonsbathroom #queenslanderrenovation #queenslanderbathroom #luxurybathroom #australianbathroom #australianbathrooms #interiorsaddict #theinteriorsaddict #jenbishop #heartyourhome
Block kitchen week is always a goodie and we got 5 Block kitchen week is always a goodie and we got 5 very different looks last night which was great!

One question that kept coming up was just how important is the butler's pantry? Love to hear your thoughts. Do you have one? And which was your favourite last night? Please share in the comments.

Head to the blog via link in bio to find out who won and what the judges said. 

#theblock #theblockshop #blockshopper #theblockroomreveals #kitchenweek #kitchenpalette #kitchencabinetry #kitchenstyles
Located in Melbourne’s Elsternwick, this stylis Located in Melbourne’s Elsternwick, this stylish home was renovated recently with @keenarchitecture and @studio_esar at the helm. Brimming with fun, functionality and colour, the home is shared by ex MasterChef contestant Peter Kritikides, his wife Erica and their two children. 

Occupied by the family since 2015, the renovation brief called for a sympathetic yet modern upgrade to the heritage listed original home as well as the demolition and rebuild of the back of the residence.

Want to see the kitchen? Head to the blog via link in bio.

#elsternwick #melbournehome #melbournehomes #masterchefaustralia #masterchefcontestant #masterchefcontestants #chefskitchen #heritagearchitecture #heritagehome #heritagerenovation #monochromehome #colourfulhome #bookshelfstyling #bookcasestyling #colourfulbooks #fireplacedecor #velvetcouch #livingroomstyle #livingroomart
GET THE LOOK. All the finer details of Sunday's Bl GET THE LOOK. All the finer details of Sunday's Block master bedroom walk ins on the blog now.

Which was your fave?

Via latest posts link in bio now.

#walkincloset #walkinwardrobe #walkinrobe #wardrobes #wardrobe #wardrobe #bedroomstorage #masterbedroomdesign #mastersuite #theblockroomreveals #theblock #theblock2023 #kinsman #kinsmankitchens #kinsmanwardrobes #dressingroom #dressingtable
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Aleksa Rokvic

About Aleksa Rokvic

Aleksa Rokvic interned at Interiors Addict as part of her Bachelor of Media at the University of New South Wales.

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