Sydney’s Next $2 Million Suburbs
With NSW capital has eclipsed the $1 million median house price and has a new target.
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.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
3 min
There’s no shortage of design inspiration online but nothing beats the joy of spending an afternoon immersing yourself in a good interior design book. Edited, carefully curated and, above all, designed, these titles take you behind the scenes of some of the world’s most beautiful interiors in a considered way. Think of it like the difference between listening to a few tunes on Spotify versus releasing a thoughtfully crafted studio album. We’ve assembled our top six of interior design books on the market right now for your viewing and reading pleasure.
1. Interiors beyond the primary palette
Step inside the world of award-winning interior design duo Juliette Arent and Sarah-Jane Pyke in this, their first compendium of their work. A ‘best of’ over more than 15 years working together, it’s a masterclass in working with colour and pattern as seen through 18 projects from around the country. With a focus on the idea of home as sanctuary, this hefty tome offers insight into the mind of the designer with points on where to find inspiration, meeting client briefs and the importance of relationships. Thames & Hudson, $120
2 House of Joy
If there was ever a book title for our times, then this is it. With a subtitle of Playful Homes and Cheerful Living, this book champions fun in interior design, with bold and bright homes from around the world to delight and inspire. While there’s a good dose of the unexpected, like a disco ball in the garden, there’s no mayhem in these spaces. Instead, they’re beautifully executed to tempt even the most colour shy. Gestalten, $105
3. Abigail Ahern Masterclass
Some design books are beautiful to look at, and that’s it. This is not one of those books. A master of colour and pattern, UK designer Ahern offers a practical foundational guide to beautiful interiors, mixing form with function in her latest book, Masterclass. Find the inspiration you need to create a gorgeous home. HarperCollins, $65
4. Interiors Now!
Looking for a visual crash course in international design trends with longevity? This is the book for you. Featuring homes across the globe, from New York to Auckland via Avignon, the biggest dilemma for readers is settling on a style. Many of the projects are owned by designers and creatives, lending a dynamic edge to this tome, now in its 40th year. Taschen, $50
5. Home by the Sea
For many Australians, the ocean holds an almost hypnotic appeal. Home by the Sea by Natalie Walton lets you imagine, for a little while at least, what it’s like living the dream in a beach shack in Byron Bay. The book tours 18 homes in and around the region and the hinterland owned by artists, designers and makers. With photography by Amelia Fullarton, it champions the good life. Hardie Grant, $60
6. The Layered Interior
Released last year, this is the third volume from award-winning interior designer Greg Natale. Different in format from his earlier books, the eight projects featured are Australian but with a slight Euro-centric focus. The writing is conversational, almost intimate, inviting the reader into the most luxurious spaces beautifully captured by photographer Anson Smart. This coffee table tome is perfect for dreamers and doers alike. Rizzoli, $110
Following the devastation of recent flooding, experts are urging government intervention to drive the cessation of building in areas at risk.
