Top 10 best affordable suburbs in Sydney 2026
Sydney has a reputation for having the most expensive property market in the country. But if you’re hoping to purchase a forever home or an investment property, there are still some suburbs that offer affordable houses and units — by Sydney’s standard at least.
Though, price won’t be the only consideration when choosing a location to buy property. The ‘best’ lower-priced suburb in Sydney will vary from buyer to buyer. Metrics to consider include sales volumes, price growth, vacancy rates, infrastructure, and proximity to work and amenities.
For our purposes, we’ve used PRD’s Smart Moves report covering the Sydney property market in the first one of 2026, which named a total of 20 suburbs in Sydney that are still affordable — 10 for houses and 10 for units. PRD’s methodology aims to highlight “affordable, high growth-potential” suburbs within a 20 kilometre radius of Sydney’s CBD, ”giving buyers and investors a clear path to value in a competitive landscape”.
Top 10 Sydney suburbs for affordable houses
Below are the top 10 most affordable suburbs within 20 kilometres of Sydney’s CBD for houses, according to PRD, as well as key statistics on its top three suburbs for affordable houses.
Rank | Suburb | Median house price 2026 | 12-month price change |
|---|---|---|---|
1 | Merrylands | $1,450,000 | +2.7% |
2 | Chester Hill | $1,410,000 | +15.4% |
3 | Granville | $1,275,000 | +2.6% |
4 | Yagoona | $1,350,000 | +3.8% |
5 | Regents Park | $1,400,000 | 0% |
6 | Lakemba | $1,510,000 | -0.3% |
7 | Auburn | $1,515,000 | +6.7% |
8 | Bankstown | $1,563,500 | +7.3% |
9 | Padstow | $1,606,000 | -0.2% |
10 | Narwee | $1,629,000 | +2.8% |
Source: PRD Smart Moves: Sydney 1st Half 2026.
Merrylands
Located in Sydney’s Western suburbs, around 19 kilometres from the CBD, Merrylands offers shops, parks, schools, and health facilities, along with easy access to bus and train services.
- Median house prices:
- Overall median house price: $1,450,000
- Median price of two-bed houses: $1,210,000
- Median price of three-bed houses: $1,425,000
- Median price of houses with four or more beds: $1,550,000
- Vacancy rate (Mar 2026): 1.2%
- Rental yield (Mar 2026): 2.9%
Chester Hill
Around 19 kilometres from the Sydney CBD, in the city’s western suburbs, Chester Hill is a multicultural suburb offering easy access to plenty of parks, shops, schools and sporting facilities, with public transport via buses and train services from Chester Hill station.
- Median house prices:
- Overall median house price: $1,410,000
- Median price of two-bed houses: $1,350,000
- Median price of three-bed houses: $1,384,000
- Median price of houses with four or more beds: $1,488,000
- Vacancy rate (Mar 2026): 1.2%
- Rental yield (Mar 2026): 2.9%
Granville
A bustling part of Sydney’s western suburbs, Granville is around 18 kilometres from the Sydney CBD, not far from Sydney Olympic Park, Rosehill Gardens Racecourse, and Parramatta. It has plenty of shops, parks and schools, with easy access to trains and buses.
- Median house prices:
- Overall median house price: $1,275,000
- Median price of two-bed houses:$1,100,000,
- Median price of three-bed houses: $1,231,000
- Median price of houses with four or more beds: $1,500,000
- Vacancy rate (Mar 2026): 1.1%
- Rental yield (Mar 2026): 2.5%
Top 10 Sydney suburbs for affordable units
Rank | Suburb | Median unit price 2026 | 12-month price change |
|---|---|---|---|
1 | Bankstown | $620,000 | +8.1% |
2 | Regents Park | $536,000 | -18.5% |
3 | Granville | $543,250 | -3.9% |
4 | Parramatta | $620,000 | +1.6% |
5 | Sydney Olympic Park | $640,000 | -4.1% |
6 | Carlingford | $719,000 | -2.8% |
7 | Wentworth Point | $740,000 | 0% |
8 | Strathfield | $745,000 | -5% |
9 | North Ryde | $760,000 | -9.1% |
10 | Arncliffe | $791,000 | +1.4% |
Source: PRD Smart Moves: Sydney 1st Half 2026.
Bankstown
Located around 18 kilometres from Sydney’s CBD, Bankstown is a fairly bustling part of Sydney’s western suburbs, with plenty of shops, restaurants and cafes, schools, health and sporting facilities, and public transport connections via train (including Metro services) and bus.
- Median unit prices:
- Overall median unit price: $620,000
- Median price of one-bed units: $489,000
- Median price of two-bed units: $615,000
- Median price of units with three or more beds: $869,000
- Vacancy rate (Mar 2026): 0.9%
- Rental yield (Mar 2026): 6.1%
Regents Park
Around 17 kilometres from Sydney’s CBD, Regents Park is settled in Sydney’s western suburbs, with access to plenty of parks, sporting fields, schools and shops, served by train and bus services.
- Median unit prices:
- Overall median unit price: $536,000
- Median price of one-bed units: N/A,
- Median price of two-bed units: $529,000
- Median price of units with three or more beds: $725,000
- Vacancy rate (Mar 2026): 1.0%
- Rental yield (Mar 2026): 5.7%
Granville
Granville appears in PRD’s analysis twice, with the suburb coming in as a top three contender for most affordable houses and units.
- Median unit prices:
- Overall median unit price: $543,250
- Median price of one-bed units: $440,000
- Median price of two-bed units: $500,000
- Median price of units with three or more beds: $870,000
- Vacancy rate (Mar 2026): 1.1%
- Rental yield (Mar 2026): 6.4%
What to consider when looking for an affordable suburb in Sydney
Lower house or unit prices will of course be the top consideration for buyers on the hunt for cheap property — whether you’re looking for your forever home or for an investment.
Beyond price, though, it’s generally important to look at the following factors when comparing the most affordable suburbs in Sydney:
- Sales volume
- Potential population growth
- Vacancy rates
- Rental yields
- Potential rental growth
- Local infrastructure and amenities
