09.21.2022 Suburb Spotlight

The 5 Eastern Suburbs In Sydney Defying The Property Market

The 5 Eastern Suburbs In Sydney Defying The Property Market

2022 has been a challenging year for Sydney’s property market but these eastern suburbs are definitely defying the trend.

After an exceptional 2021, so far 2022 hasn’t been a great year for Sydney property prices. Since peaking in January, the median property value in our city has fallen -7.4%, according to CoreLogic.

But just as prices don’t rise in unison, they don’t fall in unison either. So, while some parts of Sydney have been hit hard by falling prices, other pockets of our city are weathering the storm reasonably well. With that in mind, we took a look at five eastern suburbs that are defying the market, and holding their own even in a falling market, according to to live data from realestate.com.au in mid-September.

1. Bronte

Beachside Bronte is simply one of Sydney’s best suburbs. It offers residents everything from relaxed living to a bustling cafe scene, and from magnificent houses to convenient beachside apartments. Little wonder then, that it has been Sydney’s best performing suburb over the last 30 years, with prices growing 946% according to one study. With buyers still out in force and few properties on the market, this is one part of Sydney’s east where the market is still strong.

Median house value: $6.75 million
12-month growth: 43.2%
Median apartment value: $1.587 million
12-month growth: 14.2%
Discover more about Bronte

2. Woollahra

While other suburbs rise and fall in popularity, leafy, established Woollahra has always remained one of Sydney’s most in-demand places to live. Its close proximity to the park, transport links to the city, tree-lined streets and village atmosphere make this one of Sydney’s premium suburbs. Interestingly, thanks to its growing popularity with downsizers, it’s also one of the very few places where apartment prices have outperformed house prices over the past year.

Median house value: $5.015 million
12-month growth: 25.4%
Median apartment value:$1.6125 million
12-month growth: 26.5%
Discover more about Woollahra

3. Bellevue Hill

Sydney suburbs don’t come any grander than Bellevue Hill, with its prime harbour views, Victorian estates, a splash of retro or Hollywood-style mansions. But the suburb is also home to a surprising number of apartments, with more than half of homes (55.5%) classified as ‘high density’ according to the 2021 census. Bellevue Hill’s proximity to the beach, harbour and park, as well as to the cafes of Double Bay and shopping of Bondi Junction mean this is one suburb that will likely perform through any market conditions. This is shown by the fact that during the last downturn, it was one of Sydney’s best-performing neighbourhoods.

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Median house value: $8.41 million
12-month growth: 27.9%
Median apartment value:$1.521 million
12-month growth: 15.2%
Discover more about Bellevue Hill

4. Rose Bay

Nestled beside the harbour, and home to Royal Sydney Golf Club and Woollahra Sailing Club, suburbs don’t come with more waterside attractions and a convenient village feels than Rose Bay. This is yet another established suburb that has rarely been out of fashion, except, perhaps briefly, when it was shelled by submarines in the Second World War. But once again, Rose Bay isn’t all large homes and harbour views, it’s also home to a big number of apartments, putting it on the radars of downsizers, couples and young professionals alike.

Median house value: $5.3 million
12-month growth: 17.8%
Median apartment value: $1.47 million
12-month growth: 16.4%
Discover more about Rose Bay

5. Clovelly

Like Bronte, Clovelly has benefited from the recent trend toward beachside living. Perhaps lacking the big name status of its neighbouring beaches, Clovelly is one of those tucked away places where locals outnumber tourists – a rarity for the beaches. Its growing popularity with families also means it’s a suburb in exceptionally high demand, with many of the original homes being transformed into grander residences.

Median house value: $4.925 million
12 month growth: 27.9%
Median apartment value: $1.86 million
12 month growth: 10.4%
Discover more about Clovelly

Want more?

If you’d like to find out more about finding your perfect home in Sydney’s eastern suburbs, get in touch with our team today.