New South Wales Property Market

NSW has the only 1 growth area in the top ten – Forbes in central west NSW, however NSW holds 8 of the country’s top 10 most expensive suburbs with Northbridge topping the list at an average median price of $1.9M. Sydney’s median house price is $691,227, up 3% on last quarter, a 76% auction clearance rate, and an average 72 days on market with a discount of around 5.4%. The top 10 suburbs in NSW for growth over the past 12 months has been Forbes, Merewether, Darlinghurst, Punchbowl, Mona Vale, Baulkham Hills, Burraneer, Northbridge, Seaforth and Queanbeyan.