Sydney’s Next $2 Million Suburbs
With NSW capital has eclipsed the $1 million median house price and has a new target.
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Sydney housing prices have ascended more than 20% in the past year with the median house price climbing past $1 million the next mark on the horizon will be the $ 2 million median house price mark.
Founder of Buyer’s Domain, Nick Viner, thinks there are a number of suburbs across Greater Sydney that will soon cross the $2 million threshold.
Leichhardt is Mr Viner’s top pick, with a current median house price of $1.76 million.
“Leichhardt is the very definition of a ‘bridesmaid’ suburb,” said Mr Viner.
“Its neighbouring suburbs comprise $2 million-plus locations such as Annandale, Lilyfield and Haberfield.”
With its position just 5km from Sydney’s CBD, and a multitude of transport options, it’s a good choice according to Mr Viner.
Alexandria is second on the list, currently with a median house price of $1.875 million. The affluent and desirable inner-east suburb is nearby to Sydney best lifestyle suburbs, cafes, restaurants retail and close to the CBD.
Mr Viner says the key to Alexandria is knowing the location.
“The key to making the most gains here is buying in one of the suburb’s best streets.
“That’s either in the ‘golden triangle’, as it’s known or on Lawrence St or Belmont St.
“You might have to pay a bit more for these locations.”
Rosebery is close to some of the most high profile suburbs in Sydney and could benefit from the proximity. With a current median house price of $1.845 mullion, Mr Viner said it’s posted to enjoy strong capital growth in the coming months and years.
“Like Alexandria, this suburb is on the edge of the inner-east suburbs, so it is extraordinarily well placed to enjoy strong capital growth in the coming months and years,” he said.
“The challenge for the budget-conscious buyer here is finding stock – it’s an incredibly tight market with many houses well over $2 million already,” added Mr Viner.
Summer Hill and Newtown — median house prices of $1.952 and $1.68 million respectively — are the final two inner west suburbs that Mr Viner tips to break $2 million median house pirce soon.
With Summer Hill, Mr Viner said the nature of the suburbs made it appealing.
“Summer Hill has a wonderful village feel with a strong community vibe,” he said.
“It has great local shopping and other facilities, and the train can get you to the CBD in about 20 minutes.”
While Newtown’s proximity to the CBD and Sydney University made it an attractive location.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
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Former Google CEO Eric Schmidt is selling his Northern California estate, which was listed Monday for $24.5 million.
Located in Atherton, an extremely affluent town northwest of Palo Alto and about 30 miles south of San Francisco, the 3.36-acre property is made up of three parcels that Schmidt acquired over the years, according to public records and Compass, who has the listing.
Schmidt, 69, and his wife, businesswoman Wendy Schmidt, purchased the main home in 1990 for $2 million, according to public records accessed via PropertyShark. They remodelled the 1969 home in 2007, and at that time, bought a neighbouring parcel of land, allowing an expansion of the main house and the addition of a guest house, according to Compass, who holds the listing. A third parcel was later acquired, on which the Schmidts added an English garden house and landscaped grounds overlooking the Eastern Hills.
“Finding three contiguous parcels in Atherton is rare. Even rarer are those with views of the Eastern hills,” said listing agent Katharine Carroll of the reSolve Group at Compass. “The location of this residence is ultra private, at the back of a cul-de-sac with the main house built into a hillside that provides privacy and very good security.”
Across the estate, there are five bedrooms, five full bathrooms and six half bathrooms.
The 5,265-square-foot main house also offers a number of private outdoor spaces on its upper level, including a large terrace off the primary suite, another large terrace off a secondary bedroom, plus a third smaller terrace and two balconies.
Behind the main house is a patio with a pool and spa. For even more outdoor space, there’s an entertaining pavilion, an open lawn and an outdoor fireplace area near the guest quarters.
The grounds themselves are also a standout feature, with an array of mature plants and specimen trees. The upper portion of the property’s landscaping is designed around an Amdega-designed conservatory, which was imported from the U.K. Around the greenhouse, there is a garden of raised beds and fruit trees, Carroll said.
“From the moment you step onto the grounds, it feels as if you’ve been transported to a private botanical sanctuary,” she said.
Schmidt served as Google’s CEO from 2001 to 2011, and then became the company’s executive chairman until 2015. He could not be reached for comment.
This article first appeared on Mansion Global
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
