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Sydney suburb profile

Sydney's CBD is the commercial and cultural heart of the city, centred on Circular Quay with the Opera House, Harbour Bridge and Darling Harbour creating a distinctive waterfront setting. It mixes glass and sandstone architecture, from high-rise office and residential towers to the heritage streets of The Rocks, and offers major shopping around Pitt Street Mall and the Queen Victoria Building. Green spaces such as Hyde Park and harbour promenades give residents pockets of calm, while ferry wharves, trains and light rail make getting around straightforward. The area suits people who want apartment living within easy reach of theatres, galleries, restaurants and city workplaces.

Sydney property market performance

Current median dwelling price$2,200,000Past 3 months

Houses don't come up for sale often in Sydney, so there isn't enough recent data to publish a reliable median house price. The median unit price was $1.05 million, down a slight 0.5% over the last 12 months.

Over the last 3 months there were 92 unit sales, and units sold in a median of 80 days over the last 12 months.

The rental market in Sydney saw unit rents average $1,080 a week, up a solid 8.0% over the last 12 months. House rents averaged $895 a week.

HousesUnits
Median price
Past 3 months
N/A$1.05M
Change in value
Past 12 months
N/A-0.5%
Sold
Past 3 months
N/A92
Median days on market
Past 12 months
N/A80
Average rent
Past 12 months
$895$1080
Change in rent
Past 12 months
N/A8.0%

5 year median price trend for houses and units

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Sydney demographics

A community of 16,667 people with a median age of 32, the suburb's typical household earns $2,227 a week, roughly $116,000 a year.

Families are heavily weighted towards couples without children: couple families without children make up 69.1% of families, while couple families with children account for 17.5%. One-parent families represent 8.3% and other families 5.1% of the family mix.

Homes in Sydney are mostly rented. About three in four dwellings are rented, at 74.8%, while owner-occupiers account for 25.2% combined (13.8% owned outright and 11.4% owned with a mortgage).

Suburbs near Sydney

Some popular suburbs near Sydney include:

  • Haymarket: compact city precinct centred on cultural markets and diverse Asian dining.
  • Ultimo: former industrial area with converted warehouses, creative studios and riverside parks.
  • Pyrmont: harbourside suburb with waterfront parks, promenades and apartment living.
  • Woolloomooloo: wharfside neighbourhood known for the Finger Wharf and marina views.
  • Darlinghurst: vibrant suburb known for terrace housing, nightlife and café culture.

How does Sydney compare to nearby suburbs?

  • Median house prices: Sydney’s median house price is 75.9% higher than Darlinghurst’s.
  • Median unit prices: Sydney’s median unit price is 7.9% higher than Haymarket’s.
  • Unit price growth: Over the past 12 months, unit prices in Sydney have grown 7.4% higher than in Pyrmont.
  • Selling speed for units: Properties in nearby Haymarket are selling 2.5% faster than in Sydney.
  • House price growth: Over the past 12 months, house prices in Sydney have grown 11.4% lower than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Sydney have grown 10.7% higher than the average rate of growth for units across Sydney.

Choose the right real estate agents in Sydney

In Sydney ,148 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 30.4% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 1.88% and 2.06%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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