Ray White Now | August 2021 | Page 15

HIGHEST PRICE GROWTH SUBURBS FOR INVESTORS - NEW SOUTH WALES AND SYDNEY 12 months to June 2021
SUBURB
REGION
TYPE
MEDIAN
% GROWTH
Sydney ( highest price growth for homes under $ 1 million )
Wentworth Falls
Outer Western Sydney
House
$ 825,000
27.9 %
Sydney
Inner Sydney
Unit
$ 982,500
26.0 %
Ettalong Beach
Central Coast
Unit
$ 700,000
25.0 %
Umina Beach
Central Coast
Unit
$ 685,000
24.5 %
Kogarah
St George-Sutherland
Unit
$ 780,000
23.8 %
Regional NSW ( highest price growth for homes under $ 600,000 )
Finley
Murray
House
$ 185,000
44.5 %
Merewether
Hunter
Unit
$ 710,000
27.9 %
Kingscliff
Richmond-Tweed
Unit
$ 735,000
25.1 %
Moree
Northern
House
$ 242,500
34.0 %
Culburra Beach
Illawarra
House
$ 736,000
33.8 %
Source : Corelogic , Ray White
While investors typically don ’ t target high yields , it can be useful to look at high yielding locations as they tend to be at cheaper price points . More negatively , they often don ’ t achieve price growth that tracks the average .
In Sydney and regional New South Wales , the highest yielding suburbs tend to be in some of the lowest priced parts of the state . Broken Hill may now be more famous for its growing arts culture , as opposed to mining but homes are certainly affordable and particularly high yielding .
HIGHEST YIELDING SUBURBS WITH POSITIVE PRICE GROWTH FOR INVESTORS - NEW SOUTH WALES AND SYDNEY 12 months to June 2021
SUBURB
REGION
TYPE
YIELD
MEDIAN
% GROWTH
Sydney ( highest yields for homes under $ 1 million )
Warwick Farm
Fairfield-Liverpool
Unit
4.6 %
$ 396,250
5.7 %
Jamisontown
Outer Western Sydney
Unit
4.4 %
$ 410,000
15.5 %
Granville
Central Western Sydney
Unit
4.4 %
$ 481,500
1.1 %
Campbelltown
Outer South Western Sydney
Unit
4.4 %
$ 460,000
4.5 %
Ingleburn
Outer South Western Sydney
Unit
4.4 %
$ 439,000
4.5 %
Regional NSW ( highest yields for homes under $ 600,000 )
Broken Hill
Far West
House
11.2 %
$ 125,000
2.4 %
Wellington
Central Macquarie ( excl . Dubbo )
House
9.2 %
$ 180,000
24.1 %
Cobar
Upper Darling
House
9.2 %
$ 152,500
1.7 %
Source : Corelogic , Ray White
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