Property UpdateThese suburbs joined the million dollar club in Sydney

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In 2021 we experienced a once-in-a-generation property boom that resulted in almost 400 suburbs joining the million-dollar club around Australia.

In other words, their median price was over $1 million

Based on CoreLogic data published in The Australian NSW had the biggest representation on the list, totaling 176 locations, with many centred around southwest Sydney and the state’s Central Coast.

While Sydney’s median property value increased by 25.8% over the last year, as you’ll see in the table below, property values in some top-performing suburbs increased by more than 40%, while many suburbs had more than 30% increase in value.

And interestingly many of these suburbs were traditionally more affordable working-class areas.

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Here are the Greater Sydney suburbs that joined the million-dollar club.

Central Coast Chittaway Point $1,068,890 $761,539 40.4%  
Sydney – Baulkham Hills and Hawkesbury Box Hill $1,292,340 $923,784 39.9%  
Sydney – Sutherland Loftus $1,384,638 $994,710 39.2% Feb-21
Central Coast Umina Beach $1,095,576 $787,246 39.2% Sep-21
Central Coast Davistown $1,166,821 $841,563 38.6% May-21
Sydney – Sutherland Engadine $1,322,475 $968,783 36.5% Mar-21
Central Coast the Entrance North $1,051,192 $771,508 36.3%  
Sydney – Sutherland Heathcote $1,296,148 $952,533 36.1%  
Sydney – Northern Beaches Manly Vale $1,260,830 $927,859 35.9%  
Central Coast Blackwall $1,078,953 $794,626 35.8% Sep-21
Central Coast Kincumber $1,074,625 $792,001 35.7% Sep-21
Central Coast Magenta $1,325,211 $976,786 35.7%  
Sydney – Northern Beaches Brookvale $1,153,419 $854,761 34.9% May-21
Central Coast Long Jetty $1,060,786 $786,428 34.9%  
Central Coast Bateau Bay $1,014,142 $752,377 34.8% Nov-21
Central Coast Shelly Beach $1,241,073 $921,820 34.6% May-21
Central Coast Blue Bay $1,069,928 $795,897 34.4% Oct-21
Central Coast Lisarow $1,122,567 $835,934 34.3% Aug-21
Central Coast Tascott $1,009,390 $753,885 33.9% Nov-21
Central Coast Booker Bay $1,154,137 $862,902 33.8%  
Central Coast Green Point $1,207,560 $906,205 33.3% May-21
Central Coast Saratoga $1,224,033 $918,824 33.2% Apr-21
Central Coast Empire Bay $1,265,255 $951,195 33.0%  
Central Coast Ettalong Beach $1,015,124 $765,418 32.6% Nov-21
Central Coast Erina $1,240,332 $938,729 32.1%  
Sydney – South West Leppington $1,058,623 $801,533 32.1%  
Sydney – Parramatta Old Toongabbie $1,191,187 $902,318 32.0% May-21
Sydney – Northern Beaches Dee Why $1,161,568 $883,271 31.5% Jun-21
Sydney – Outer South West Harrington Park $1,270,909 $967,261 31.4% Apr-21
Sydney – Outer West and Blue Mountains Glenbrook $1,120,271 $857,713 30.6% Jun-21
Sydney – Ryde Gladesville $1,285,020 $987,690 30.1%  
Sydney – Outer South West the Oaks $1,063,857 $823,723 29.2%  
Sydney – Parramatta Constitution Hill $1,211,113 $938,202 29.1%  
Central Coast Koolewong $1,048,694 $812,638 29.0%  
Sydney – Blacktown Marsden Park $1,045,389 $814,565 28.3%  
Sydney – Inner South West Milperra $1,169,895 $912,210 28.2% Apr-21
Sydney – Outer South West Glen Alpine $1,026,005 $801,095 28.1% Oct-21
Sydney – Eastern Suburbs Centennial Park $1,109,763 $871,032 27.4%  
Sydney – Outer South West Wilton $1,119,390 $879,217 27.3%  
Sydney – Sutherland Miranda $1,147,876 $902,948 27.1% Feb-21
Sydney – Outer South West Picton $1,042,888 $821,198 27.0%  
Sydney – North Sydney and Hornsby Lane Cove $1,144,537 $901,707 26.9% Mar-21
Sydney – Outer South West Oakdale $1,010,840 $797,056 26.8% Nov-21
Sydney – Outer South West Appin $1,020,872 $805,595 26.7% Nov-21
Sydney – Blacktown Acacia Gardens $1,194,519 $943,539 26.6% May-21
Sydney – Ryde Marsfield $1,129,175 $892,949 26.5% May-21
Sydney – Outer South West Elderslie $1,019,358 $806,682 26.4% Nov-21
Sydney – Blacktown Kings Park $1,011,546 $800,986 26.3% Oct-21
Sydney – Parramatta Telopea $1,086,084 $862,162 26.0%  
Sydney – Outer South West Denham Court $1,060,140 $842,657 25.8% Sep-21
Sydney – Outer West and Blue Mountains Silverdale $1,027,782 $817,373 25.7% Nov-21
Sydney – Blacktown Schofields $1,152,512 $919,727 25.3% May-21
Sydney – Blacktown Colebee $1,156,872 $925,142 25.0% Apr-21
Sydney – Inner South West Birrong $1,033,600 $826,830 25.0%  
Sydney – Inner South West Ramsgate $1,139,931 $913,166 24.8%  
Sydney – North Sydney and Hornsby Artarmon $1,128,693 $905,100 24.7% Apr-21
Sydney – South West Gregory Hills $1,045,045 $840,797 24.3% Oct-21
Sydney – Inner South West Bass Hill $1,077,955 $867,743 24.2% Jul-21
Sydney – Inner West Hurlstone Park $1,038,380 $838,104 23.9%  
Sydney – Sutherland Cronulla $1,237,815 $999,340 23.9% Mar-21
Sydney – Inner South West Georges Hall $1,108,148 $895,385 23.8% Jun-21
Sydney – Inner South West Condell Park $1,121,280 $906,141 23.7% May-21
Sydney – City and Inner South Eastgardens $1,073,671 $868,418 23.6%  
Sydney – Outer South West Macquarie Links $1,140,541 $925,804 23.2% Jun-21
Sydney – Blacktown Toongabbie $1,039,267 $844,416 23.1% Sep-21
Sydney – Ryde Epping $1,098,015 $897,164 22.4%  
Sydney – South West Wattle Grove $1,059,003 $866,844 22.2% Sep-21
Sydney – Baulkham Hills and Hawkesbury Wilberforce $1,096,964 $898,898 22.0% Sep-21
Sydney – South West Oran Park $1,069,727 $876,713 22.0%  
Sydney – South West Casula $1,018,475 $834,741 22.0% Nov-21
Sydney – South West Chipping Norton $1,197,827 $981,822 22.0% Mar-21
Sydney – South West West Hoxton $1,116,517 $915,395 22.0%  
Sydney – Inner South West South Hurstville $1,093,953 $897,522 21.9% Jul-21
Sydney – Eastern Suburbs Kensington $1,165,369 $956,150 21.9% May-21
Sydney – Parramatta Regents Park $1,050,547 $862,826 21.8%  
Sydney – Baulkham Hills and Hawkesbury Kurrajong Heights $1,025,739 $842,569 21.7% Nov-21
Sydney – City and Inner South Botany $1,059,134 $870,014 21.7% May-21
Sydney – South West Cobbitty $1,043,834 $858,110 21.6% Oct-21
Sydney – Inner South West Villawood $1,009,996 $830,676 21.6% Aug-21
Sydney – South West Moorebank $1,136,930 $935,097 21.6% Jun-21
Sydney – Inner South West Greenacre $1,189,346 $978,305 21.6% Mar-21
Sydney – Inner South West Monterey $1,002,003 $827,045 21.2% Nov-21
Sydney – City and Inner South Camperdown $1,116,880 $922,767 21.0% Jun-21
Sydney – Inner West Liberty Grove $1,079,053 $891,847 21.0%  
Sydney – South West Elizabeth Hills $1,106,956 $915,005 21.0% Oct-21
Sydney – Inner South West Yagoona $1,058,521 $875,291 20.9% Jul-21
Sydney – Blacktown Kings Langley $1,178,389 $975,117 20.8% May-21
Sydney – South West Gledswood Hills $1,101,682 $912,901 20.7% Sep-21
Sydney – South West Hammondville $1,017,814 $844,758 20.5% Nov-21
Sydney – South West Edmondson Park $1,027,869 $854,222 20.3% Oct-21
Sydney – Parramatta Northmead $1,157,174 $962,203 20.3% Apr-21
Sydney – South West Holsworthy $1,029,531 $856,269 20.2% Oct-21
Sydney – Parramatta Girraween $1,005,349 $840,669 19.6%  
Sydney – Outer West and Blue Mountains Leonay $1,098,465 $919,605 19.4% Jun-21
Sydney – City and Inner South Erskineville $1,165,015 $978,195 19.1% Feb-21
Sydney – Ryde West Ryde $1,013,989 $851,547 19.1% Oct-21
Sydney – City and Inner South Surry Hills $1,119,605 $940,775 19.0% May-21
Sydney – City and Inner South Elizabeth Bay $1,158,533 $980,886 18.1% Mar-21
Sydney – City and Inner South Alexandria $1,069,469 $910,355 17.5% Jun-21
Sydney – South West Carnes Hill $1,041,111 $887,767 17.3% Oct-21
Sydney – City and Inner South Banksmeadow $1,023,013 $873,433 17.1% Aug-21
Sydney – Parramatta Greystanes $1,065,629 $911,087 17.0% Jun-21
Sydney – Parramatta Berala $1,056,613 $906,757 16.5% Jul-21
Sydney – North Sydney and Hornsby St Leonards $1,132,267 $973,343 16.3% Jan-21
Sydney – City and Inner South Potts Point $1,097,835 $947,272 15.9% May-21
Sydney – City and Inner South Rushcutters Bay $1,068,680 $925,650 15.5% Jun-21
Sydney – Parramatta Sefton $1,021,350 $893,312 14.3% Sep-21
Sydney – Parramatta South Wentworthville $1,096,982 $960,352 14.2%  
Sydney – South West Horningsea Park $1,023,785 $897,021 14.1% Oct-21
Sydney – City and Inner South Waterloo $1,024,829 $910,350 12.6%  
Sydney – City and Inner South Zetland $1,014,113 $914,158 10.9% Aug-21

Suburbs in regional NSW  where median dwelling values have risen above $1million this year

Capital Region East Jindabyne $1,088,502 $806,709 34.9% Oct-21
Capital Region Jerrabomberra $1,067,659 $877,117 21.7% Aug-21
Capital Region Murrumbateman $1,072,877 $958,546 11.9% Oct-21
Coffs Harbour – Grafton Korora $1,003,987 $738,002 36.0% Nov-21
Coffs Harbour – Grafton Sapphire Beach $1,009,059 $746,758 35.1%  
Coffs Harbour – Grafton Moonee Beach $1,020,140 $771,368 32.3%  
Hunter Valley exc Newcastle Fingal Bay $1,010,370 $754,546 33.9% Nov-21
Hunter Valley exc Newcastle Soldiers Point $1,011,439 $796,478 27.0% Nov-21
Illawarra Wongawilli $1,030,544 $752,909 36.9% Nov-21
Illawarra Kiama Downs $1,328,679 $989,753 34.2% Feb-21
Illawarra Woonona $1,291,697 $971,330 33.0% Mar-21
Illawarra Mangerton $1,014,029 $762,615 33.0% Nov-21
Illawarra Figtree $1,000,647 $760,178 31.6% Nov-21
Illawarra Cordeaux Heights $1,008,888 $768,958 31.2% Nov-21
Illawarra Bellambi $1,079,483 $822,774 31.2% Sep-21
Illawarra Towradgi $1,145,111 $878,338 30.4% Jun-21
Illawarra Helensburgh $1,192,718 $917,615 30.0% Jun-21
Illawarra Fernhill $1,088,009 $837,442 29.9% Aug-21
Illawarra Flinders $1,108,324 $861,046 28.7% Jul-21
Illawarra Shellharbour $1,028,424 $800,048 28.5% Oct-21
Illawarra Blackbutt $1,011,279 $787,266 28.5% Nov-21
Illawarra Corrimal $1,037,894 $813,780 27.5%  
Illawarra Balgownie $1,063,723 $834,181 27.5% Oct-21
Illawarra Fairy Meadow $1,070,785 $840,928 27.3% Oct-21
Illawarra Mount Keira $1,064,051 $845,624 25.8%  
Illawarra Gwynneville $1,063,424 $848,334 25.4% Aug-21
Illawarra Keiraville $1,071,562 $859,697 24.6% Aug-21
Illawarra Tarrawanna $1,068,284 $877,116 21.8% Aug-21
Mid North Coast Failford $1,074,394 $856,977 25.4%  
Mid North Coast King Creek $1,075,089 $858,444 25.2% Sep-21
Newcastle and Lake Macquarie Redhead $1,431,937 $964,531 48.5% Mar-21
Newcastle and Lake Macquarie Eleebana $1,217,844 $869,383 40.1% Jul-21
Newcastle and Lake Macquarie Stockton $1,057,206 $781,570 35.3% Sep-21
Newcastle and Lake Macquarie Valentine $1,180,254 $873,892 35.1% Jun-21
Newcastle and Lake Macquarie Catherine Hill Bay $1,080,550 $820,620 31.7%  
Newcastle and Lake Macquarie Adamstown Heights $1,016,938 $778,403 30.6% Nov-21
Newcastle and Lake Macquarie Murrays Beach $1,149,527 $882,747 30.2% Jul-21
Newcastle and Lake Macquarie Lakelands $1,169,675 $898,911 30.1% Jul-21
Newcastle and Lake Macquarie Caves Beach $1,000,885 $780,297 28.3% Nov-21
Newcastle and Lake Macquarie Broadmeadow $1,003,335 $782,888 28.2% Nov-21
Newcastle and Lake Macquarie Hamilton $1,005,227 $785,979 27.9% Nov-21
Newcastle and Lake Macquarie Carrington $1,027,106 $810,922 26.7%  
Richmond – Tweed Mullumbimby $1,283,832 $908,565 41.3% Mar-21
Richmond – Tweed Uki $1,027,073 $727,601 41.2%  
Richmond – Tweed Clunes $1,073,047 $773,067 38.8% Jun-21
Richmond – Tweed Burringbar $1,243,306 $895,789 38.8% Jul-21
Richmond – Tweed Cumbalum $1,253,509 $921,877 36.0% Mar-21
Richmond – Tweed Terranora $1,168,234 $874,666 33.6%  
Richmond – Tweed Pottsville $1,223,566 $922,542 32.6% May-21
Richmond – Tweed East Ballina $1,063,166 $810,153 31.2%  
Richmond – Tweed Bogangar $1,083,969 $853,184 27.0%  
Southern Highlands and Shoalhaven Shoalhaven Heads $1,110,034 $739,074 50.2% Oct-21
Southern Highlands and Shoalhaven Callala Beach $1,051,648 $702,836 49.6%  
Southern Highlands and Shoalhaven Callala Bay $1,199,975 $825,144 45.4% Aug-21
Southern Highlands and Shoalhaven Currarong $1,138,413 $786,198 44.8% Sep-21
Southern Highlands and Shoalhaven Vincentia $1,305,995 $902,686 44.7% Jun-21
Southern Highlands and Shoalhaven Huskisson $1,174,011 $816,534 43.8% Jul-21
Southern Highlands and Shoalhaven Narrawallee $1,054,940 $753,005 40.1% Oct-21
Southern Highlands and Shoalhaven Renwick $1,241,613 $892,583 39.1% May-21
Southern Highlands and Shoalhaven Milton $1,072,244 $779,162 37.6%  
Southern Highlands and Shoalhaven Robertson $1,280,514 $948,129 35.1% May-21
Southern Highlands and Shoalhaven Bundanoon $1,094,205 $815,167 34.2%  
Southern Highlands and Shoalhaven Tomerong $1,126,752 $852,817 32.1% Aug-21
Southern Highlands and Shoalhaven Braemar $1,074,753 $819,220 31.2% Aug-21
Southern Highlands and Shoalhaven Exeter $1,084,007 $852,643 27.1%

ALSO READ: The 15 Best Suburbs to Invest in Sydney in 2022

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About

Kate Forbes is a National Director Property Strategy at Metropole. She has 15 years of investment experience in financial markets in two continents, is qualified in multiple disciplines and is also a chartered financial analyst (CFA).
Visit Metropole Melbourne


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