The 8 Best Suburbs to Invest in Sydney 2022

April 25, 2022
best suburbs to invest in sydney coogee

Property value in Sydney exploded in 2021, with so many areas becoming prime real estate locations. This boost in real estate has continued on to 2022, and this is the best time to find the best suburbs to invest in Sydney. 

Several hidden gems in the city and stunning beachside properties in Sydney suburbs are open to purchasing for investors. 

Since there are several suburbs to choose from in the Sydney property market, it helps to know which areas are the best. 

Note that not every property in these suburbs is a great investment option. So, you must do a little more research before putting a down payment for any property. 

This article will explore the eight best suburbs to invest in Sydney. 

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Best suburbs to invest in 2022

1. Coogee

best suburbs to invest in sydney
Coogee apartment for sale
  • Median house price: $3.8 million
  • Median rent price: $1,225/week

Coogee is a coastal suburb located in the southeast area of Sydney CBD that has seen several infrastructure developments since 2020, including the southeast light rail project and others. 

Coogee is only 8km from the CBD. It has a total population of about 14,000, with a median household income of about $2000 every week. 

With a walk score of 79, Coogee is a very walkable neighbourhood and one of the best suburbs to invest in.

2. Bardwell Park

best suburbs to invest in sydney
Bardwell Park house for sale
  • Median house price: $1.6 million
  • Median rent price: $650/week

If you want to get started in real estate in Sydney, then choosing a suburb close to other eastern suburbs is a smart idea. 

Barkwell park has been a hot, prime location for property investments since 2020, with home prices rising up to $400,000 more. 

This suburb is located in the south of Sydney CBD by 12km, and it houses mostly old families. It is also quite close to the Sydney airport. 

Bardwell Park has been the home to prime real estate for a while now and is in very high demand. 

If you are interested in this location, you may be spending up to $1.6M with an estimated 2.6% yield for rental apartments. You may also have to act fast as the stock is limited. 

3. Windsor

best suburbs to invest in sydney
Windsor house for sale
  • Median house price: $950,000
  • Median rent price: $450/week

With the increase in remote working all over Australia, historic suburbs like Windsor have become sought after by many property investors. 

Windsor is located north of Sydney and shares the Hawkesbury river banks. The one-hour commute by train to the CBD is the major reason why this location is ideal for remote workers.

There have also been different infrastructure improvements that make the commute easier for residents. The property value of houses in Windsor is about $790,000. 

4. Kensington

best suburbs to invest in sydney
Kensington house for sale
  • Median house price: $3.3 million
  • Median rent price: $995/week

Located in the city of Randwick in the southeast part of Sydney CBD, Kensington is a prime suburb that is very close to the Randwick Racecourse and Moore Park. 

This suburb is 6km from the CBD and has many major landmarks like the University of South Wales main campus, the Australia gold club and the National Institute of Dramatic Arts (NIDA). 

Like Coogee, Kensington residents also gain from the southeast rail project. 

It has a median weekly income of about $1400 per household, and property owners can benefit from the many buildings up for sale. 

5. Blacktown

best suburbs to invest in sydney
Blacktown house for sale
  • Median house price: $890,000
  • Median rent price: $420/week

Whether you want to purchase an investment property or buy a home to live in, Blacktown is one of the best suburbs to invest in Sydney. Blacktown is located in western Sydney. 

This suburb has seen exponential growth in the Sydney property market since 2018, and there has been a steady growth and expansion in the sector since. 

This region is purported to see an infrastructural boost of over $5 billion in the next few years. Homes in Blacktown go for a median rate of $810,000 with a rental yield of 2.6%. 

Houses in Blacktown are also sold at a whopping $200,000 less than the average price of homes in Sydney, so if you want to set your hooks in this suburb, now is the time. 

6. Balmain

best suburbs to invest in sydney
Balmain house for sale
  • Median house price: $2.5 million
  • Median rent price: $850/week

Balmain is one of the greater Sydney suburbs. It is an affluent neighbourhood in Sydney located west of the CBD. 

This suburb has everything a resident needs, ranging from boutique stores, bakeries, eateries, and pubs and cafes. 

Many wealthy families, media personalities and artists reside in this suburb which is also home to many organic food and crafts markets. 

Balmain is 5km from the CBD and has a weekly median home income of about $2400. Sydney house prices often change but still remain within a set range. 

So, if you find a great property in a prime suburb like Balmain, it makes sense to put a down payment as soon as you can. 

7. Miranda

best suburbs to invest in sydney
House for sale in Miranda
  • Median house price: $1.7 million
  • Median rent price: $750/week

Miranda is one of the favourite locations for remote workers in Sydney. With many beaches and rivers in the suburb, and the increasing choice of remote working, Miranda has only grown in popularity over the years. 

This suburb is located about 24km south of the CBD and has a growing population. There is also an increase in unit construction in the area in the last few years with an accompanying reduction in unemployment. 

Homes in Miranda go for about $1.2 million with a rental yield of 2.7%. The beaches and rivers in the area make it attractive to renters. 

The median price for apartments in Miranda is about $750,000, with a rental yield of 3.4%. 

8. Cherrybook

best suburbs to invest in sydney
Cherrybrook house for sale
  • Median house price: $2.1 million
  • Median rent price: $800/week

Cherrybook is one suburb in Sydney that has seen a consistent boost in capital value over the years. 

Since the Sydney metro rail link has been launched, Cherrybook has become one of the best suburbs to invest in Sydney at the moment due to the accompanying rise in property value. 

This suburb is home to the affluent and many old and established families. Most properties in the area have bush lawns and a big backyard. Homes in Cherrybook go for $1.8million with a rental yield of 2.3%. 

For investors who want to purchase apartments, you can get one for $1.02million and garner a rental yield of 2.7%. 

Cherrybook is a great suburb to invest in, especially if you want to attract high-value renters for apartments and homes. 

*Data from Propertyvalue.com

Want to know more of the best suburbs to invest in?

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