These are the Sydney suburbs set to see the biggest growth in home prices over the next six months, according to AI modelling.
These are the top five Sydney suburbs expected to see the biggest growth in the next six months for every price range.
While experts expect Sydney’s house price growth to slow, Shore Financial have identified the top suburbs that could defy this trend and continue to grow.
Separating Sydney’s suburbs into five different categories based on comparable median house prices, the five categories include Heartland Sydney, Suburban Sydney, Rising Sydney, Professional Sydney and Affluent Sydney – to determine the highest growth suburbs at different price points.
Using ABS data and SuburbTrends data, Shore Financial has used AI machine learning to predict Sydney’s biggest growth suburbs in the next six months.
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Sydney’s highest growth suburbs predicted by AI.
The top five suburbs expected to see the biggest growth in each Sydney category included Emu Plains (Heartland Sydney), Liverpool (Suburban Sydney), Camperdown (Rising Sydney), Manly Vale (Professional Sydney) and Concord West (Affluent Sydney).
Shore Financial CEO Theo Chambers said the report had identified a shift in the Sydney property market.
Each were projected to jump over 5 per cent in just six months.
Shore Financial CEO Theo Chambers said the Shore Financial State of Sydney Report had identified a shift in the Sydney property market.
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“Over the year to July, Sydney’s median house price jumped 11.6 per cent. This growth reflects robust market demand and constrained supply, with prices showing consistent upward momentum, particularly in the past six months as buyer competition intensified,” he said.
Camperdown set to increase in value by 5 per cent in six months.
The latest Australian Bureau of Statistics data also showed an uptick in investor activity, with 42.9 per cent of NSW loan commitments in June 2024 were for investor finance, compared to 39.5 per cent in June 2023.
Other suburbs expected to see more than 5 per cent growth in the next six months included Leonay (Heartland Sydney), Guildford West (Suburban Sydney), Carlton (Rising Sydney), Marrickville (Professional Sydney) and Crows Nest (Affluent Sydney).
“We have taken a conservative approach with our forecasts given the uncertainty around interest rates and the likely easing of population growth,” Mr Chambers added.
“The standout suburbs have very low levels of inventory, which is forcing buyers in those specific suburbs to compete harder and bid up prices. This dynamic underscores the importance of localised market analysis when assessing future performance in Sydney’s housing market.”
Theo Chambers, CEO of Shore Financial.
Mr Chambers noted that the research also identified very different outlooks for different pricepoints.
“Higher-priced suburbs, particularly those with medians above $3 million, are generally
projected to experience more modest or even negative growth. In contrast, lower to mid-range suburbs, particularly those around $1 to $2 million, are expected to see stronger growth,” he said.
“This suggests that demand may be shifting towards more affordable areas, while the top-tier market faces challenges, possibly due to affordability constraints or market saturation.”
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