Sydney's Next $2 Million Suburbs
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Sydney’s Next $2 Million Suburbs

With NSW capital has eclipsed the $1 million median house price and has a new target.

By Terry Christodoulou
Tue, Nov 9, 2021 1:00pmGrey Clock 2 min

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.



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The nearly 10,000-square-foot home stands right at the entrance to the Amazon billionaire’s grand, $165 million estate.

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A home that’s right at the entrance to Jeff Bezos’s Beverly HIlls estate, which the billionaire purchased for $165 million in 2020, is now on the market asking $19.8 million.

Shaded by mature olive trees, the three-story modern mansion on Angelo Drive spans nearly 10,000 square feet, and includes five bedrooms, a bar and lounge, a home cinema, a pool with floating benches, and a 15-car garage.

The modern home centers around a striking wood staircase that extends through all three floors, creating an eye-shaped spiral.

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The seller, who runs a Beverly Hills-based plastic surgery practice, could not immediately be reached for comment.

The Benedict Canyon house came to market Friday with Tomer Fridman of Christie’s International Real Estate. He could not immediately be reached for comment.

The Bezos estate is also known as the Warner Estate, named after its first owner, Hollywood mogul Jack Warner of the Warner Bros.

After Warner, the 9-acre estate was owned by music executive and film producer David Geffen, followed by Bezos. The property includes a palatial Gregorian Revival mansion built in 1939 and designed by architect Florence Yoch to befit the status of one of the most powerful men in Hollywood.

At $19.8 million, the new listing offers quite a deal compared to other properties neighbouring Bezos. In Florida, the owner of a vacant lot next door to the Amazon founder’s estate on Indian Creek Island is asking $150 million for it.

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