Spring is coming to Sydney, and it’s now that the property market is open again. What are the best properties for value?

The Sydney property market is emerging from its COVID-induced slumber into a solid spring.

Sydney is managing coronavirus. Record low interest rates and rising consumer confidence keep Sydney in check. On the first Saturday in October, a growing number of listings will culminate.

There are many homes in the vicinity of the city.

Figures created by My Housing MarketThe most listings within five kilometers of Show Newtown, Paddington, and Balmain are in Show Newtown.

It will cost you. There are 25 homes available in Newtown. The median asking price is $1,585,000

Mosman is the most affordable city within five to ten kilometres, with a median asking value of $3.25million. Turramurra, at ten to 20 kilometres, comes in second.

Suburbs within 5km CBD	List of Houses	Median Asking Price
Newtown	25	$1,585,000
Paddington	20	$2,675,000
Balmain	19	$1,895,000
Annandale	19	$1,850,000
Leichhardt	18	$1,445,000

Suburb (5-10km from CBD).	List of Houses	Median Asking Price
Mosman	44	$3,250,000
Chatswood	22	$2,300,000
Randwick	21	$2,750,000
Maroubra	21	$2,400,000
Gladesville	18	$1,875,000

Further out, you will find plenty of stock options at Blacktown and Kellyville. The choice is exponentially greater if you travel 30kms to Austral, Marsden Park, or Box Hill.

The largest selection of units is found in Parramatta and Liverpool.

These suburbs were the best-performing for houses in August. These are worth paying attention to in spring.

Units located on the beaches or harbourside of Mosman, Randwick, and Coogee are best performing.

Suburb (10-20km from CBD).	List of Houses	Median Asking Price
Turramurra	49	$3,027,000
Eastwood	38	$2,200,000
St Ives	37	$2,000,000
Auburn	37	$989,000
Bexley	33	$1,050,000
Suburb (20-30km away from CBD)	List of Houses	Median Asking Price
Kellyville	122	$1,535,000
Blacktown	88	$720,000
Castle Hill	69	$1,600,000
Guildford	47	$834,975
Merrylands	46	$830,000
Suburb (further than 30km from CBD)	List of Houses	Median Asking Price
Box Hill	520	$778,870
Marsden Park	413	$776,900
Austral	409	$687,475
Leppington	350	$729,900
Oran Park	309	$749,500

Andrew Wilson, chief economist at My Housing Market, stated that the winter market was good and that confidence is growing.

He said, “There’s a positive buzz throughout the marketplace.”

“We are starting to see listings rise. The Sydney housing market is showing great momentum right now.

Dr Wilson stated that The Hills was an exceptional area and should be known.

“Sydney prices are still around five percent lower than 2017 so there is still a strong value perception in Sydney at the moment.” Sellers and buyers simply want to get on with their businesses.”

Suburb	List of units	Median Asking Price
Parramatta	227	$625,000
Liverpool	211	$440,000
Sydney	196	$1,050,000
Ryde	165	$695,000
Macquarie Park	153	$669,160
Rhodes	153	$800,000
Epping	151	$749,000
Wentworth Point	151	$669,000
Hurstville	130	$674,500
Bankstown	129	$510,000

Damien Cooley is a prominent auctioneer who stated that spring had started well and that buyers were positive.

He stated that auctions average more than four bidders and that clearance rates average around 65 percent.

Cooley stated that more stock will be on the market in coming weeks. Saturday after the October long weekends is set to be a busy time.

He said, “It appears as if it was the first big Spring one.”

“You can now get a fixed interest rate for two to three years starting at the early 2 percent. Why not borrow money and buy the house that you love?

LJ Hooker Kellyville Ridge Selling agent Didier Collard explained how getting a solid price comes down to showing the property in the best possible light.

He said, “It is a great time for selling and it’s also a good opportunity to purchase.”