17 Sydney and NSW suburbs defy downturn with $100k price jumps in three months

Home prices haven’t been falling everywhere and some suburbs have seen a spike in growth. Picture: Sarah Wilson Home values have soared by over $100,000 in just the past three months across some unlikely Sydney and NSW pockets – even as one of the worst housing downturns in history rips through the rest of the market. Analysis of exclusive realestate.com.au figures revealed home price falls were the norm in more than 80 per cent of the Sydney and NSW market over the September quarter, but there were 17 suburbs across the state that defied the downturn with six digit rises in median dwelling values. The bulk of these areas were on Sydney’s north shore, but there were also some in the southwest, inner west and Central Coast. There were also multiple suburbs with sharp value rises in the Coffs Harbour-Grafton region of northern NSW. MORE: ‘Almost over’: 5 suburbs set to boom as slump ends Figures such as John McGrath have predicted the market could recover next year, although the shorter-term outlook remains weaker. Picture: David Swift Median dwelling value rises of $80,000-$90,000 were recorded in two suburbs within Sydney’s inner east: Woolloomooloo and Elizabeth Bay. My Housing Ma...