Cheapest suburbs to buy in Sydney
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Looking for a cheap house or unit to buy in Sydney?
In the context of Sydney when we say ‘cheap’, we really mean affordable, and less than the eye-watering $1,174,867 median property price (CoreLogic, Aug 2024) – which is the harsh reality across Australia’s most expensive property market. According to CoreLogic, the current median house price in Sydney is $1,473,038, while units are at a median of $852,766.
While the Sydney market entered a cooling phase following the pandemic-driven price surge, it has since recovered, with median Sydney dwelling values gaining another +3.0 per cent over the past year.
But there are opportunities to be found if you know where to look.
Top 10 cheapest suburbs to buy a house in Sydney
These are our picks for the top 10 cheapest suburbs in Sydney to buy a house.
| Suburbs | Median house price |
|---|---|
| Tregear, 2770 | $697,500 |
| Mount Victoria, 2786 | $701,000 |
| Bidwill, 2770 | $710,000 |
| Lethbridge Park, 2770 | $722,500 |
| Airds, 2560 | $730,000 |
| Blackett, 2770 | $732,000 |
| Willmot, 2770 | $740,000 |
| Warragamba, 2752 | $740,000 |
| Whalan, 2770 | $742,000 |
| Emerton, 2770 | $777,500 |
Top 10 cheapest suburbs to buy a unit in Sydney
These are our picks for the top 10 cheapest suburbs in Sydney to buy a unit.
| Suburbs | Median unit price |
|---|---|
| Carramar, 2163 | $330,000 |
| Canley Vale, 2166 | $398,500 |
| Ambarvale, 2560 | $400,000 |
| Wiley Park, 2195 | $417,000 |
| Lakemba, 2195 | $418,000 |
| Cabramatta, 2166 | $418,000 |
| Jamisontown, 2750 | $420,000 |
| Fairfield, 2165 | $426,000 |
| Merrylands West, 2160 | $432,500 |
| Warwick Farm, 2170 | $435,000 |
Top 5 cheapest suburbs to buy a house in Sydney
Let’s take a closer look at our top 5 cheapest suburbs in Sydney to buy a house, all in western Sydney:
1. Tregear, 2770
Tregear is located 46 kilometres from the Sydney CBD in the City of Blacktown, part of the Greater Western Sydney region. With a median house price of $697,500, up +73.5 per cent over the past five years, Tregear remains a relatively affordable option for homebuyers, offering a diverse, family-friendly community with good access to shopping centres, schools and parklands. It’s also one of Sydney’s most affordable suburbs to rent a house, with data from CoreLogic recording a median house rent of $460 and a gross rental yield of +3.72 per cent.
2. Mount Victoria, 2786
The westernmost suburb of Greater Sydney, Mount Victoria is in the Blue Mountains and offers quiet, small-town charm with a direct rail link to the Sydney CBD. The median house price is $701,000, making Mount Victoria a candidate for homebuyers to find affordable family houses with potential for long-term growth – house prices have risen +37.8 per cent over the past five years.
3. Bidwill, 2770
Located in the Blacktown LGA, Bidwill recently topped the list for the Sydney suburb with the lowest rate of property turnover – pointing to how tightly homes are held in this part of the west. The median house price is a relatively affordable $710,000, rising +67.8 per cent over the past five years. Most private dwellings in Bidwill are rented – 73 per cent according to the ABS. CoreLogic data shows that the median weekly house rent is $480 and gross rental yield is +3.69 per cent.
4. Lethbridge Park, 2770
Locals rate Lethbridge Park as one of Sydney’s best-kept secrets – a quiet, family-friendly suburb close to amenities and transport links. Neighbouring our top suburb Tregear, the median house price in Lethbridge Park is $722,500, which has increased an impressive +73.4 per cent over the past five years.
5. Airds, 2560
Airds, located around 56 kilometres from Sydney’s CBD in the City of Campbelltown, has a median house price of $730,000, rising +66.4 per cent over the past five years. Predominantly residential, Airds is currently undergoing a facelift by the NSW Government that will revitalise the area by around 2026. Median weekly house rent is $520 and gross rental yield is +4.51 per cent, in CoreLogic data.
Top 5 cheapest suburbs to buy a unit in Sydney
Now let’s take a closer look at our top 5 cheapest suburbs in Sydney to buy a unit, all in western and southwestern Sydney:
1. Carramar, 2163
Carramar, in the City of Fairfield, is located 30 kilometres west of the Sydney CBD. Close to local amenities and transport – plus the potential for a water view of the picturesque Orphan School Creek – Carramar units offer great value for a median price of $330,000. Buyers might be taking notice – unit prices rose +56 per cent over the past five years. With Sydney’s median unit rent $720, Carramar is also one of Sydney’s cheapest suburbs to rent a unit. According to CoreLogic, the median weekly unit rent is $400 and with a rental yield of +5.1 per cent, more investors could be putting Carramar on their radar.
2. Canley Vale, 2166
Canley Vale, in the City of Fairfield, is a richly multicultural suburb with a vibrant, family-friendly lifestyle. Located 30 kilometres west of the Sydney CBD and connected by regular train services, the median unit price in Canley Vale is $398,500, which has risen +17.4 per cent over the past five years. Median unit rent is $420 per week and gross rental yield is +4.98 per cent in CoreLogic data.
3. Ambarvale, 2560
Located in the City of Campbelltown, Ambarvale is a primarily residential suburb of southwest Sydney that is loved by locals for its shopping, schools, parks, and access to public transport. Ambarvale units have a median price of $400,000 and with prices rising +31.4 per cent over the past five years, they could be a prime buying opportunity. The median weekly unit rent in Ambarvale is $450 and average gross rental yield is +5.25 per cent.
4. Wiley Park, 2195
Wiley Park is a vibrant, well-connected suburb, located in the City of Canterbury-Bankstown and 17 kilometres southwest of the Sydney CBD. Unit prices in Wiley Park have gained +20.6 per cent over the past five years, and with a median unit price of $417,000, homebuyers could still snap up a relative bargain. While one of the cheapest suburbs to buy a unit in Sydney, gross rental yield is high at +6 per cent with a median weekly rent of $500.
5. Lakemba, 2195
Next door to Wiley Park, Lakemba is home to a vibrant food scene and buzzing nightlife only 12 kilometres from the Sydney CBD. With a median unit price of $418,000, rising +17.5 per cent over the past five years, Lakemba appears to be catching the attention of buyers looking for affordable units relatively close to the city. Data from CoreLogic indicates 247 units were sold in Lakemba over the past 12 months, spending an average 21 days on market. The weekly median rent for units is $500 and average gross rental yield is +6.16 per cent.
Most affordable suburbs to buy within 10km of Sydney CBD
Want to be a little closer to the action? These Sydney suburbs are within 10km of the CBD, all in the south or inner west:
| Suburbs | Median house price |
|---|---|
| Waterloo, 2017 | $1,500,000 |
| Sydenham, 2044 | $1,530,000 |
| Tempe, 2044 | $1,607,500 |
| Bardwell Park, 2207 | $1,675,000 |
| Arncliffe, 2205 | $1,737,500 |
Our pick is Waterloo
With a median house price of $1,500,000 – up +66.9 per cent over the past five years – Waterloo in Sydney’s inner south is a suburb to watch. Close to the heart of the city and its beaches, Waterloo bustles with culture, cafes and an eclectic shopping scene. The median weekly rent for houses in Waterloo is $950 and average gross rental yield is +5.24 per cent.
Frequently asked questions about the cheapest suburbs to buy in Sydney
Where are the cheapest houses in Sydney?
Where can you buy a house under $1 million in Sydney?
What is the fastest growing suburb in Sydney?
