Revealed: NSW ‘supercharged’ suburbs set for price spike

Hope of further interest rate cuts has shifted momentum in the Sydney property market and home prices look primed for another growth spurt over the next six months, new sales analysis shows.

Hotspotting research has revealed property sales rose in more than half of Harbour City suburbs over the past year, with much of that surge coming in the early months of 2025.

Rising sales have historically preceded home price growth by six to nine months, and current housing shortages and sluggish construction activity suggested this trend would be repeated, the research revealed.

Growth in demand for units has been particularly strong and Hotspotting analyst Terry Ryder said this was largely due to the more affordable price points.

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Maroubra has been picked as one of Sydney’s ‘supercharged’ suburbs.

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Suburbs where demand was picking up – placing them within the top 50 “supercharged” markets for sales in the country – included Erskineville, Maroubra, Wolli Creek, North Kellyville and Campbelltown.

SEE FULL LIST OF ‘SUPERCHARGED’ SUBURBS BELOW

Mr Ryder said areas ranked as “supercharged” in previous years often went on to grow by 10 per cent in the next year.

“What typically happens is that people won’t get active until they read that there’s a boom happening,” Mr Ryder said. “But by then, they are missing the opportunity.

“One of the common trends that emerges again and again is that affordability rules.

Hotspotting founder and property analyst Terry Ryder.

“Areas that were quite down-market are often stigmatised, but if people can get basic services, transport and shops, so long as it’s affordable, people will buy there or rent there. So the weight of demand always goes to those affordable areas.”

More than half the markets in Canterbury-Bankstown and Sutherland LGAs had rising transaction levels, the research showed.

Sydney based buyers agent Michelle May said interest rate drops and housing-based election promises could encourage more buyers to purchase in coming months.

“Purely because of affordability buyers are turning to apartments. When you ask people what they want they don’t want to live in strata, but a wedge has been driven further and further between the house and unit market,” she said.

Erskineville was another ‘supercharged’ suburb.

“Yet Sydney is an incredibly wealthy city, there will always be a segment of community here that have incredible access to funds whether that’s loans, cash or family money.”

She added that the process of buying a home usually took around six months. Many of the buyers spurred by interest rate cuts have yet to transact and will be doing so in the coming months.

Regional NSW has been in gradual recovery and recorded a slight rise in transactions over the previous quarter, according to Hotspotting.

Almost half of markets (46 per cent) in regional NSW have had a positive upturn in property sales with Gunnedah, Merewether in Newcastle and South Tamworth listed as NSW’s “supercharged” markets.

NSW SUPERCHARGED SUBURBS

Locations with a strong trend of rising sales primed for price growth in the near future:

Suburb – type – median price

Erskineville (units) – $1.1m

Gunnedah (house) – $490,000

Maroubra (units) – $1.09m

Mereweather Newcastle (house) – $2.15m

North Kellyville (house) – $1.75m

South Tamworth (house) – $435,000

Wolli Creek (unit) – $796,000

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