Best Suburbs To Buy In Sydney

Looking to buy a house in Sydney but have absolutely no idea where to start? Look no further than Canstar’s comprehensive guide on some of the top suburbs and surrounding areas.

When buying a house or investment property, there are many of things to consider. As there are currently over 200 suburbs in Sydney, it’s not surprising that this incredible city presents many different living options to choose from.

Thankfully, Canstar has put together a comprehensive guide on some of the best suburbs to buy in Sydney and its surrounding areas. So all you need to do is pour yourself a cup of tea, sit back, and relax (well, as much as you can when house hunting).

If you’re currently considering a home loan, the comparison table below displays some of the variable rate home loans on our database with links to lenders’ websites that are available for first home buyers. This table is sorted by Star Rating (highest to lowest), followed by comparison rate (lowest-highest). Products shown are principal and interest home loans available for a loan amount of $350K in NSW with an LVR of 80% of the property value.

Before committing to a particular home loan product, check upfront with your lender and read the applicable loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity. Use Canstar’s home loan selector to view a wider range of home loan products.


*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning

 

Best 5 suburbs within 5km of the CBD

1. Pyrmont

Where: Named one of Sydney’s most liveable suburbs in the 2016 Domain Survey, Pyrmont is located merely 2km south-west of the CBD. It is home to a number of cultural experiences including the Star Casino along Darling Harbour, Sydney Lyric Theatre, and the Australian National Maritime Museum. Jacksons Landing in Pyrmont is a residential and commercial property development located on the northern part of the peninsula.

Public Transport: Pyrmont is linked to the city by the Pyrmont Bridge, a moveable “swing” bridge for pedestrians and cyclists. The Dulwich Hill Line of Sydney’s light rail network includes four light rail stops in this suburb – Pyrmont Bay, The Star, John Street Square, and Fish Market. The Pyrmont Bay ferry wharf is served by Darling Harbour ferry services.

Shopping & Dining: Pyrmont is home to Harbourside Shopping Centre, a large mall with a number of supermarkets, department stores, specialty stores, and boutiques. There are a number of restaurants available along the harbour front to suit a wide range of price points.

Demographics: Statistics from the Australian Bureau of Statistics (ABS) 2011 Census show that Pyrmont has a population of 11,618 people. The average age of residents is 20-39 years old, with 36% of those being families and 64% being singles.

Median House Price: $1.44 million

Median Rent Price: $577/week

2. Waterloo

Where: Waterloo is located just 4km south of the Sydney CBD and is historically a working class region. Over the last 10 years, this suburb has undergone renovation, with the promotion of rising business districts and the development of more parks and recreation areas. The local skate park is the first of its kind to copy the urban streetscape layout made popular by skate spots in Martin Place and Cathedral Square.

Public Transport: Waterloo is served by bus routes to the Sydney CBD. Green Square underground railway station, on the Airport line of the Sydney Trains network, is located in the south-west corner of the suburb.

Education: There are a couple of schools in Waterloo and its surrounding suburbs: Our Lady of Mount Carmel Catholic Primary School, Green Square School, Alexandria Park Community School (Junior and Senior Campuses), and Sydney Film School.

Demographics: Statistics from the Australian Bureau of Statistics (ABS) 2011 Census show that Waterloo has a population of 10,657 people. The average age of residents is 20-39 years old, with 21% of those being families and 79% being singles.

Median House Price: $1.19 million

Median Rent Price: $350/week

3. Redfern

Where: Located just 3km south of the CBD, Redfern is the ideal suburb for professionals and singles who want to live close to the city. There is a large availability of public transport and it’s fast becoming one of the hidden gems of Sydney, thanks to recent developments, government changes, and residential and commercial growth.

Public Transport: Redfern railway station on the western edge is a major station on the Sydney Trains network, and is just one stop away from Central Sydney terminus. There are also a number of buses that serve this area.

Shopping & Dining: Redfern has many theatres, art galleries, markets, cafes, pubs, and restaurants throughout the suburb – and most of them are within walking distance. This makes it a desirable hotspot for foodies.

Demographics: Statistics from the Australian Bureau of Statistics (ABS) 2011 Census show that Redfern has a population of 12,034 people. The average age of residents is 20-39 years old, with 23% of those being families and 77% being singles.

Median House Price: $1.45 million

Median Rent Price: $380/week

4. Erskineville

Where: Located just 3km south of the CBD, Erskineville is a residential suburb. It is home to several popular bars and hotels including the Imperial Hotel, which featured in the movie Priscilla: Queen of the Desert. Erskineville is a popular location because of its proximity to the city, its cafes, and its laid-back, village-like atmosphere. With a wide variety of recreational areas including Sydney Park, it has something to suit all ages.

Public Transport: Erskineville Station offers direct access to the CBD, and there are a number of buses that serve this area.

Education: There are a few schools throughout Erskineville and surrounding suburbs, including Erskineville Public School, Alexandria Community School (Primary and Secondary Campuses), and Newton High School of the Performing Arts.

Shopping & Dining: There are a few small malls nearby that contain supermarkets and a limited range of boutiques and specialty stores.

Demographics: Statistics from the Australian Bureau of Statistics (ABS) 2011 Census show that Erskineville has a population of 6,848 people. The average age of residents is 20-39 years old, with 23% of those being families and 76% being singles.

Median House Price: $1.397 million

Median Rent Price: $500/week

5. Woolloomooloo

Where: Located just 1.5km east of the CBD, Woolloomooloo is a Harbourside suburb. The redevelopment and renovation of the waterfront, and a freshly-constructed housing development on the Finger Wharf, has created major population growth over the last 5 years. This makes Woolloomooloo a good opportunity for investors. The birthplace of Delta Goodrem, the distinctly-Australian Woolloomooloo is often referred to in popular culture.

Public Transport: Woolloomooloo is home to Kings Cross Station, which has direct access to the Sydney CBD. There are also a number of buses that serve this area.

Education: There are two schools located in Woolloomooloo; Plunkett Street Public School, a co-education state primary school, and St Vincent’s College, an all-girls Catholic secondary school.

Shopping & Dining: There are a few small malls that contain supermarkets nearby that also have a limited range of boutiques and specialty stores. There are also a number of restaurants located along the harbour and docklands area, which range from fish and chips to fine dining.

Demographics: Statistics from the Australian Bureau of Statistics (ABS) 2011 Census show that Woolloomooloo has a population of 3,716 people. The average age of residents is 20-39 years old, with 26% of those being families and 74% being singles.

Median House Price: $1.5 million

Median Rent Price: $420/week

Best 5 northern Sydney suburbs

1. Artarmon

Where: Located just 14 minutes from the CBD, Artarmon has been labelled as one of the “hidden gems of the Lower North Shore”. Housing a diverse, multicultural community and award-winning educational services, Artarmon is a vibrant place to live, no matter what life stage you’re at.

Public Transport: Artarmon railway station is on the North Shore, Northern, and Western Lines of the Sydney Trains network. A number of buses also serve the area and provide transport to the train station.

Education: Artarmon Public School is consistently rated among the best public schools in Sydney, and ranked first in the Better Education Top Public Primary Schools in Sydney for 2015.

Shopping & Dining: There are no shopping centres in Artarmon; however, there is a small shopping centre in the neighbouring suburb of Chatsworth.

Demographics: Statistics from the Australian Bureau of Statistics (ABS) 2011 Census show that Artarmon has a population of 8,642 people. The average age of residents is 20-39 years old, with families and singles split evenly 50/50.

Median House Price: $1.6 million

Median Rent Price: $460/week

2. Hornsby

Where: If you drive a mere 30 minutes from the CBD, you’ll find yourself in Hornsby. It is mostly a residential area, consisting of low to medium density housing with bushy surrounds. The suburb has close proximity to Regional and National Parks, as well as the Lisgar Gardens and the recently opened Westfield Shopping Centre, making it the perfect hub for young families to grow.

Public Transport: Hornsby railway station is the junction of the North Shore, Northern, and Western Lines of the Sydney Trains network, providing frequent trains into the CBD.

Education: There are a number of schools in Hornsby and neighbouring suburbs, with a wide range of education available (public and private, co-ed and single-sex). Some of these include Hornsby Girls High School, Waitara Public School, Clarke Road School, St Patricks School and Asquith Boys High School.

Shopping & Dining: Westfield Hornsby is a large shopping mall, with a wide variety of major retail outlets including over 300 specialty retailers. It also has a number of local and fine dining restaurants to suit many different price points.

Demographics: Statistics from the Australian Bureau of Statistics (ABS) 2011 Census show that Hornsby has a population of 19,853 people. The average age of residents is 20-39 years old, with 53% of those being families and 47% being singles.

Median House Price: $980,000

Median Rent Price: $380/week

3. Brookvale

Where: Brookvale is a suburb with everything in easy reach. Just a 30 minute drive to the CBD and a 5 minute drive to the Northern Beaches, Brookvale has become a popular living destination. With the nearby Warringah Mall, one of the largest shopping centres in Sydney, and the home of the famous Manly Sea Eagles at Brookvale oval, there is something to suit everyone.

Public Transport: Buses leave every 5 to 10 minutes along the main road of Brookvale, with commutes to and from the city CBD.

Education: Brookvale has two schools available: Brookvale Public School and St Augustine’s College. Brookvale also has a TAFE NSW campus. There are also a number of schools in surrounding neighbourhoods.

Shopping & Dining: Brookvale is home to one of the largest shopping centres in Sydney – the Westfield Warringah Mall. It contains a wide variety of major retail outlets, including over 300 specialty retailers and boutiques. There a number of local food outlets available at the mall.

Demographics: Statistics from the Australian Bureau of Statistics (ABS) 2011 Census show that Brookvale has a population of 2,589 people. The average age of residents is 20-39 years old, with 39% of those being families and 61% being singles.

Median House Price: $1.21 million

Median Rent Price: $430/week

4. Forestville

Where: With a great combination of local amenities, a national park, sporting fields, schools and childcare, Forestville is just a 20 minute drive from the CBD and a 10 minute drive from the beach. Versatile and appealing to a wide range of age groups, Forestville is the ideal suburb for young families and retirees.

Public Transport: Forestville’s public transport is not great, as there are only a limited number of bus stops with access to the city.

Education: There are three primary schools in Forestville: Our Lady of Good Counsel, Forestville Montessori School, and Forestville Public School. The nearest high school is Killarney Heights High School, and other high schools nearby are The Forest High School and Davidson High School (both in Frenchs Forest).

Shopping & Dining: The retail situation in Forestville is underwhelming, with just a small number of grocery stores available. However, it’s only an 8 minute drive to the many shopping opportunities in the suburb of Chatswood. The same can be said for dining; Willoughby is only a short drive away and has some great local spots for foodies.

Demographics: Statistics from the Australian Bureau of Statistics (ABS) 2011 Census show that Forestville has a population of 7,835 people. The average age of residents is 40-59 years old, with 60% of those being families and 40% being singles.

Median House Price: $1.35 million

Median Rent Price: $510

5. Belrose

Where: Just 19km or a 30 minute drive from the CBD, Belrose is referred to as a “leafy, quiet neighbourhood suburb”. Smack in the middle of Garigal National Park and Ku-ring-gai Chase National Park, there are a number of hiking paths available for locals to use. Belrose is an ideal suburb for retirees and family living, as it is far enough away from the city limits to be quiet, but only a 10 minute drive from the Northern Beaches.

Education: Belrose is home to a number of schools, both public and privately owned. Some of these include Belrose Public School, Wakehurst Public School, Covenant Christian School, Kamaroi Rudolf Steiner School, John Colet School, and Yanginanook School.

Shopping & Dining: There are a few malls in Belrose that contain supermarkets and a limited range of specialty stores. There a few small restaurants, such as the Belrose Hotel, which is a popular destination for locals.

Demographics: Statistics from the Australian Bureau of Statistics (ABS) 2011 Census show that Belrose has a population of 8,288 people. The average age of residents is 60+ years old, with 51% of those being families and 49% being singles.

Median House Price: $1.28 million

Median Rent Price: $630/week

Best 5 southern Sydney suburbs

1. Menai

Where: With only a 36 minute drive to the CBD, Menai is a sought-after, family-oriented suburb with substantial living and entertaining spaces, as well as community recreational facilities and walking paths. Menai has been described as a great place to live and work, with many cafes and restaurants within walking distance, and a 20 minute drive to the beach and the royal national park.

Public Transport: There are a number of bus routes that serve Menai, and there are three train stations available in neighbouring suburbs.

Education: Menai is home to Menai Primary, a public school, along with the Holy Family Catholic School. A number of secondary schools are also available, including Menai High School and Aquinas College.

Shopping & Dining: Menai contains a bustling shopping centre with many retail stores and fine restaurants. The two major retail developments are Menai Metro and Menai Marketplace, which both feature a supermarket, discount department store, and specialty shops.

Demographics: Statistics from the Australian Bureau of Statistics (ABS) 2011 Census show that Menai has a population of 10,529 people. The average age of residents is 40-59 years old, with 58% of those being families and 42% being singles.

Median House Price: $785,000

Median Rent Price: $400/week

2. Rockdale

Where: Rockdale is a highly under-rated suburb, only a 20 minute drive from the CBD and one suburb over from Sydney airport, making it the ideal neighbourhood for ‘fly-in, fly-out’ professionals. It is referred to as being affordable and convenient for a number of different lifestyles, particularly young families, due to its abundance of parks and recreational activities.

Public Transport: Rockdale railway station is on the Illawarra line of the Sydney Trains network and is a major bus interchange for Sydney government buses, with services to Miranda, Brighton-Le-Sands, Burwood, and Bondi Junction.

Education: There are a number of schools available in Rockdale, including Rockdale Public School, St Joseph’s Catholic Primary School, ST Dominic Savio School, St George Girls High School, St George School, and James Cook Boys Technology High School.

Shopping & Dining: There are a few small malls in Rockdale with supermarkets and a limited range of specialty stores. There are also a number of restaurants nearby in Brighton-Le-Sands along the waterfront.

Demographics: Statistics from the Australian Bureau of Statistics (ABS) 2011 Census show that Rockdale has a population of 14,036 people. The average age of residents is 20-39 years old, with 46% of those being families and 54% being singles.

Median House Price: $1.09 million

Median Rent Price: $390/week

3. Hurstville

Where: Hurstville has recently become somewhat of a hub for the southern suburbs of Sydney. It is a large, multi-ethnic suburb with a multitude of commercial buildings and high-rise residential buildings. Located only 30 mins from the CBD and the Sydney Airport, it is a convenient neighbourhood for ‘fly-in, fly-out’ professionals and other residents.