A new report has identified the most affordable suburbs within 10km of Sydney CBD. The report, conducted by property analysts CoreLogic, examined the median house prices of suburbs within 10km of the CBD and found that the most affordable suburbs are located in the city’s south-west.
The report found that the most affordable suburb within 10km of Sydney CBD is Cabramatta West, with a median house price of $638,000. This is followed by Guildford West ($650,000), Chipping Norton ($655,000) and Smithfield ($660,000). All four suburbs are located in the city’s south-west, which is known for its affordability and access to public transport.
The report also identified the most expensive suburbs within 10km of Sydney CBD. The most expensive suburb is Point Piper, with a median house price of $5.7 million. This is followed by Darling Point ($4.5 million), Elizabeth Bay ($3.5 million) and Woollahra ($3.2 million). All four suburbs are located in the city’s eastern suburbs, which are known for their luxury homes and harbour views.
The report also looked at the median unit prices of suburbs within 10km of Sydney CBD. The most affordable suburb is Smithfield, with a median unit price of $550,000. This is followed by Chipping Norton ($570,000), Guildford West ($580,000) and Cabramatta West ($590,000). The most expensive suburb is Point Piper, with a median unit price of $3.7 million. This is followed by Elizabeth Bay ($2.9 million), Darling Point ($2.7 million) and Woollahra ($2.3 million).
Overall, the report found that the most affordable suburbs within 10km of Sydney CBD are located in the city’s south-west, while the most expensive suburbs are located in the city’s eastern suburbs. For those looking for an affordable home close to the city centre, the report provides a useful guide to the best suburbs to look at.
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