adminWant to buy a Sydney home or condo but have a limited budget?
‘Cheap’ in the context of Sydney means less than the eye-popping $1,087,376 median property price (CoreLogic, Aug 2022) – a sobering fact throughout Australia’s priciest housing market. The current median house price and median unit price are relevant benchmarks as well.
The median house price in Sydney is $1,346,193 as of August 2022, according to the CoreLogic Home Value Index, while the median unit price is $806,310.
Despite the present decreasing trend, it is important to recall that national home prices increased by +28.6 per cent over the two years of the epidemic. During this period of expansion, home values reached all-time highs. Sydney real estate is still 9.2 per cent over the five-year average for this time of year, notwithstanding the recent price decline.
However, if you know where to look cheapest suburbs in sydney, you can find opportunities.
Cheapest Suburbs In Sydney
The cost of living in Sydney can be quite high, and the cost of housing is no exception. However, some suburbs in Sydney are generally considered more affordable than others. Here are a few options:
1. Mount Druitt
Mount Druitt is a suburb located in the Greater Western Sydney region, approximately 38 kilometres west of the Sydney CBD. It is part of the City of Blacktown’s local government area and has a population of around 16,000 people.
Mount Druitt is known for its affordable housing prices, which makes it a popular choice for first-time homebuyers and families. The suburb has a diverse population, with a large number of residents from Pacific Islander, Indian, and Middle Eastern backgrounds.
There are several schools in the area, including Mount Druitt Public School, Mount Druitt High School, and Chifley College Senior Campus. The suburb also has good transport links, with a train station on the Western Line and several bus routes running through the area.
In terms of amenities, Mount Druitt has several shops, supermarkets, and restaurants, as well as a hospital and medical centre. There are also several parks and green spaces in the area, including the popular Nurragingy Reserve, which features a Japanese garden, picnic areas, and walking trails.
2. Blacktown
Blacktown is a suburb located in the Greater Western Sydney region, approximately 34 kilometres west of the Sydney CBD. It is part of the City of Blacktown’s local government area and has a population of around 50,000 people.
Blacktown is known for its relatively affordable housing prices, which makes it a popular choice for families and first-time homebuyers. The suburb has a diverse population, with a large number of residents from Indian, Filipino, and Chinese backgrounds.
There are several schools in the area, including Blacktown South Public School, Blacktown Girls High School, and Blacktown Boys High School. The suburb also has good transport links, with a train station on the Western Line and several bus routes running through the area.
In terms of amenities, Blacktown has several shops, supermarkets, and restaurants, as well as a hospital and medical centre. The suburb is also home to several parks and green spaces, including the popular Nurragingy Reserve and Blacktown Showground, which hosts a range of events throughout the year.
Blacktown is also home to several cultural institutions, including the Blacktown Arts Centre and the Blacktown International Sportspark, which hosts a range of sporting events and activities.
3. Liverpool
Liverpool is a suburb located in the southwestern part of Sydney, approximately 27 kilometres southwest of the Sydney CBD. It is part of the City of Liverpool’s local government area and has a population of around 105,000 people.
Liverpool is known for its relatively affordable housing prices, which makes it a popular choice for families and first-time homebuyers. The suburb has a diverse population, with a large number of residents from Indian, Chinese, and Lebanese backgrounds.
There are several schools in the area, including Liverpool Public School, Liverpool Boys High School, and Liverpool Girls High School. The suburb also has good transport links, with a train station on the T2 Airport, Inner West & South Line and several bus routes running through the area.
In terms of amenities, Liverpool has several shops, supermarkets, and restaurants, as well as a hospital and medical centre. The suburb is also home to several parks and green spaces, including Bigge Park and Chipping Norton Lake.
Liverpool is also home to several cultural institutions, including the Liverpool Regional Museum and Casula Powerhouse Arts Centre. The suburb is also known for its vibrant food scene, with a range of restaurants serving cuisines from around the world.
4. Penrith
Penrith is a suburb located in the Greater Western Sydney region, approximately 50 kilometres west of the Sydney CBD. It is part of the Penrith local government area and has a population of around 200,000 people.
Penrith is known for its relatively affordable housing prices, which makes it a popular choice for families and first-time homebuyers. The suburb has a diverse population, with a large number of residents from Australian, English, and Irish backgrounds.
There are several schools in the area, including Penrith Public School, Penrith High School, and St Dominic’s College. The suburb also has good transport links, with a train station on the Western Line and several bus routes running through the area.
In terms of amenities, Penrith has several shops, supermarkets, and restaurants, as well as a hospital and medical centre. The suburb is also home to several parks and green spaces, including the popular Penrith Lakes and Nepean River.
Penrith is also known for its range of cultural institutions, including the Penrith Regional Gallery and the Joan Sutherland Performing Arts Centre. The suburb is also a gateway to the Blue Mountains, which are located to the west of Penrith and offer a range of outdoor activities and scenic attractions.
It’s worth noting that these prices are still quite high compared to many other cities in Australia, and may not be considered “cheap” by everyone. Additionally, the housing market in Sydney is constantly changing, so it’s important to do your research and consult with a real estate professional before making any decisions.
Conclusion
To conclude, Sydney has several suburbs that are known for their relatively affordable housing prices, including Mount Druitt, Blacktown, Liverpool, and Penrith. These suburbs are popular choices for families and first-time homebuyers, and they offer a range of amenities, including good transport links, schools, shops, restaurants, and cultural institutions.
Additionally, each suburb has its unique characteristics and attractions, such as parks, lakes, rivers, and scenic locations. Overall, these suburbs are great options for those looking for affordable living in the Sydney metropolitan area.