Sydney's Next $2 Million Suburbs

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.

Former Aussie Rules player Jeff Chapman’s dream beach house, which has had its praises sung by The Independent in the UK, is back on the market with a revised – and more competitive – price guide.

The contemporary pavilion-style residence Alinghi, created by celebrated architect James Grose, was voted one of the top five beach houses in the world by the British newspaper and has been operating as a luxury holiday rental earning up to $7000 a week.

The one-time Melbourne forward and founder of Bennelong Funds Management, and his wife Carena Shankar, listed the five-bedroom getaway back in mid 2024 with hopes of about $8 million. The prestige property is now back with new agent Pauline Karatau of Ray White New Farm and the amended guide now sits at $6.5 million.

As part of the private 5ha Rocky Point estate, at the southern end of the Great Barrier Reef overlooking Honeymoon Bay, the glamorous holiday home shares not only a private beach with just four other neighbours, but also a 30m saltwater pool, a full-size tennis court, a beach cabana with barbecue facilities and a full-time live-in caretaker on site.

Alinghi seemingly floats against the cliffs of North Queensland’s Capricorn Coast consisting of two pavilions and shallow reflections pools for ultimate serenity. Residence number 5 is home to a two-storey main pavilion with large living spaces spilling onto semi-enclosed areas framing enviable ocean views. Upstairs there are four bedrooms, including two with ensuites. The second pavilion is a private retreat housing the main bedroom suite with an additional study or wellness space.

Crafted by Grose to leave minimal impact on its natural environment, the house features external materials sourced locally including rich cedar, plus glass and Travertine stone specifically chosen to blend and weather with the landscape over time.

The low maintenance property is also relatively self sufficient thanks to water tanks collecting the region’s abundant rainfall. Despite it’s northern Queensland address air-conditioning is an after-thought due to the clever cross-ventilation design principles and deliberate orientation capturing ocean breezes that flow through the large footprint.

Alinghi’s external lightning has also been carefully designed to be low voltage with minimum impact upon the local wildlife including wallabies, echidnas, goannas, turtles and even a diverse range of native birds. From the private terraces throughout winter, homeowners can also track the migratory whales.

Alinghi is a 90-minute drive away from Agnes Waters and its sister town of 1770 (also known as Seventeen Seventy). It is approximately 120kms from Bundaberg, which is home to a well-serviced domestic airport.

Alinghi is listed for sale with a price guide of $6.5 million via Ray White New Farm agent Pauline Karatau on 0418 733 773.

Sydney’s Next $2 Million Suburbs

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