Western Sydney suburbs where $3m house prices will be norm in 2030s

Buyer demand remains depressed, but the market is expected to bottom out in the second half of 2027. Picture: Sam Ruttyn House prices of $3m will be the norm in major parts of Western Sydney within the next decade if they continue on their recent trajectory, including in some suburbs more than 50km west of the Sydney CBD. Exclusive modelling by realestate.com.au has revealed the longer term outlook for the market is continued growth, with experts explaining the current downturn is likely to come to an end midway through 2027. Home prices across Sydney have been falling for close to seven months and are expected to drop further, but economists warned chronic housing shortages and pent up demand would limit how far they could fall. Sydney prices are currently down about 6 per cent below the level they were last year. In the short-term, they are predicted to keep falling, with global financial services team Morgan Stanley this week tipping a 10-15 per cent total fall in prices, peak to trough, by the second half of 2027. “This would be Australia’s largest nominal housing downturn in over 40 years,” the group said. MORE: What your home will be worth in 2031: all suburbs list But once t...