The Sydney suburbs leading property price recovery in 2023
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The Sydney suburbs leading property price recovery in 2023

Prices could be back to their peak before the end of the year, new data shows

By KANEBRIDGE NEWS
Tue, Apr 11, 2023 9:43amGrey Clock 2 min

Australian house prices are bouncing back with some areas hardest hit expected to hit their peak in the second half of 2023, leading real estate firm Ray White reports.

Chief economist for Ray White, Nerida Conisbee said figures revealed that Sydney, which experienced the largest decline over the past year, is now leading the price recovery, with growth up by 4.1 percent since December 2022. 

In Mosman, where the median price fell by $530,000 over 2022, there has already been an increase of $172,000. Manly, the northern and eastern suburbs of Sydney, Chatswood-Lane Cove, Dural and Pennant Hills-Epping have also shown strong signs of bouncing back with price increases in excess of $100,000. 

South Canberra is the only area outside NSW to record similar increases, with prices up by more than $104,000 from December 2022 to March 2023.

“While Sydney’s most expensive suburbs dominate the list of top growth suburbs, there are two outliers,” Ms Conisbee said. “South Canberra has seen an increase of $100,000 this year, while the regional NSW town of Dural is up a similar amount. Premium markets led the 2022 downturn and are now leading the way out of it in 2023.”

However, not all areas have bounced back so strongly so far. Canada Bay in the inner west and Ryde-Hunters Hill, which saw median prices fall by $367,664 and $347,505 respectively did not make it into the top 10 greatest increases.



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ITALY’S FINE WINES GAIN GROUND AS VALUE PLAY FOR COLLECTORS

Italian wines are emerging as a serious contender for Australian collectors, offering depth, rarity and value as French benchmarks continue to climb.

By Jeni O'Dowd
Tue, May 5, 2026 2 min

Italian fine wines are gaining momentum among Australian collectors and drinkers, with new data from showing a surge in interest driven by value, versatility and a new generation of producers.

Long dominated by France, the premium wine conversation is beginning to shift, with Italy increasingly positioned as a compelling alternative for both drinking and collecting.

According to Langtons, the category is benefiting from a combination of factors, including its breadth of styles, strong food affinity and more accessible price points compared to traditional European benchmarks.

“Italy has always offered fine wine fans an incredible range of wines with finesse, nuance, expression of terroir, ageability, rarity, and heritage,” said Langtons General Manager Tamara Grischy.

“There’s no doubt the Italian wine category is gaining momentum in 2026… While the French have long dominated the fine wine space in Australia, we’re seeing Italy become a strong contender as the go-to for both drinking and collecting.”

The shift is being reinforced by changing consumer preferences, with Langtons reporting increased demand for indigenous Italian varieties and lighter, food-first styles such as Nerello Mascalese from Etna and modern Chianti Classico.

This aligns with the broader rise of Mediterranean-style dining in Australia, where wines are expected to complement a wider range of dishes rather than dominate them.

Langtons buyer Zach Nelson said the category’s versatility is central to its appeal.

“Italian wines often have a distinct, savoury edge making them an ideal pairing for a variety of cuisines,” he said.

The move towards Italian wines also comes as prices for traditional French regions continue to climb, particularly in Burgundy, prompting collectors to look elsewhere for value without compromising on quality.

Italy’s key regions, including Piedmont and Etna, are increasingly seen as offering that balance, with premium wines available at comparatively accessible price points.

Nelson said value is now a defining factor for buyers in 2026.

“Value is the key driver for Australian fine wine consumers… Italian wines are offering exactly that at an impressive array of price points to suit any budget,” he said.

The category is also proving attractive for newer collectors, offering what Langtons describes as “accessible prestige” and a more open entry point compared to the exclusivity often associated with Bordeaux.

Wines such as Brunello di Montalcino and Nebbiolo-based expressions are increasingly being positioned as entry points into cellar-worthy collections, combining ageability with relative affordability.

At the same time, a new generation of Italian producers is reshaping the category, moving away from heavier, oak-driven styles towards wines that emphasise site expression and vibrancy.

“There’s definitely a ‘new guard’ of Italian winemaking… stripping away the makeup… to let the raw, vibrating energy of the site speak,” Nelson said.

Langtons is also expanding its offering in the category, including exclusive access to wines from family-owned producer Boroli, alongside a broader selection spanning Piedmont, Veneto, Sicily and Tuscany.

The company will showcase the category further at its upcoming Italian Collection Masterclass and Tasting in Sydney, featuring more than 50 wines from 23 producers across four key regions.

For collectors and drinkers alike, the message is clear: Italy may have been overlooked, but it is no longer under the radar.

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