*Updated August 2024
Sydney, one of Australia’s most iconic cities, is known for its Opera House and vibrant lifestyle. Despite its reputation, Sydney’s real estate market remains challenging. As of August 2024, the median house price in the city reached $1.6 million for the first time.
If you are looking to buy a house in Sydney without spending a fortune? These suburbs offer the most cost-effective options in 2024 based on CoreLogic’s data:
What Are the Top 10 Cheapest Suburbs for Houses in Sydney?
- Tregear – Median House Price: $700,000
- Lethbridge Park – Median House Price: $709,000
- Blackett – Median House Price: $716,500
- Airds – Median House Price: $720,000
- Willmot – Median House Price: $745,000
- Whalan – Median House Price: $749,000
- Shalvey – Median House Price: $763,500
- Hebersham – Median House Price: $772,500
- St Helens Park – Median House Price: $806,299
- Rosemeadow – Median House Price: $815,000
In the context of Sydney, ‘affordable’ is a term that needs a bit of unpacking because it certainly isn’t the cheapest place to live in NSW.
These suburbs, with house prices ranging from $700,000 to $815,000, represent some of the most accessible options in Sydney’s property market. Located in various parts of the city, these suburbs offer a balance between affordability and proximity to essential amenities.
What Are the Top 10 Cheapest Suburbs for Units in Sydney?
For those interested in unit living, Sydney has some surprisingly affordable options:
- Carramar – Median Unit Price: $363,500
- Lakemba – Median Unit Price: $392,000
- Wiley Park – Median Unit Price: $395,000
- Canley Vale – Median Unit Price: $400,000
- Cabramatta – Median Unit Price: $410,000
- Mount Druitt – Median Unit Price: $420,000
- Fairfield – Median Unit Price: $420,000
- Regents Park – Median Unit Price: $420,000
- Jamisontown – Median Unit Price: $425,000
- Warwick Farm – Median Unit Price: $430,000
With unit prices ranging from $363,500 to $430,000, these suburbs provide affordable options for buyers interested in living in one of Australia’s most expensive cities. Whether you’re looking for a home close to the city’s CBD or a quieter suburb, these locations cater to various needs.
Which Are the Most Affordable Suburbs within 10km of Sydney CBD?
For buyers seeking proximity to Sydney’s CBD, these suburbs offer a balance between urban convenience and more manageable housing prices.
Situated within 10km of the city’s core, these locations provide excellent accessibility while still being more affordable compared to other parts of the city
- Tempe – Median House Price: $1,600,000
- Bardwell Valley – Median House Price: $1,800,000
- Arncliffe – Median House Price: $1,700,000
- Canterbury – Median House Price: $1,639,500
- St Peters – Median House Price: $1,803,000
These prices are higher than other areas, but they offer a more affordable entry point into some of Sydney’s most sought-after locations.
And here’s an added pro tip for our readers: want to know the best time to rent in Sydney? In the colder seasons! Good luck!
What Is the Real Estate Market Overview for Sydney?
| Sydney’s Real Estate Market Overview | Data |
|---|---|
| Median House Price | $1,627,625 |
| Median Unit Price | $806,137 |
| Yearly Change in House Prices | +2.1% |
| Yearly Change in Unit Prices | +1.9% |
Sydney’s property market is showing resilience. The city’s median house price now sits at $1,627,625, while units are priced at $806,137. Over the past year, house prices have increased by 2.1%, and units by 1.9%.
Related articles:
- The Cheapest Beach Towns in Australia
- Top 10 Most Expensive Suburbs in Sydney
- Cheapest Suburb to Rent in Sydney
A Closer Look at Some of the Cheapest Suburbs in Sydney
Blackett
- Median House Price: $716,500
- Distance from CBD: 45 minutes
Living in the city of Sydney without breaking the bank is a luxury, and Blackett offers an affordable suburb with a quiet, leafy alternative to the hustle and bustle.
Blackett sits off the M7 which allows for a speedy journey to the city and back. And for avid cyclists, a cycling path connects you from Poppondetta Park all the way to Mt Druitt.
Out of the properties for sale in Sydney, the affordable living this Blackett home offers is worth checking out!
Also discover more properties for sale in Blackett NSW 2770.
Arncliffe
- Median House Price: $1,700,000
- Distance from CBD: 20 minutes
Arncliffe, a suburb located just 10 km south of Sydney’s CBD, combines urban convenience with suburban peace
The suburb has easy access to Newtown and Erskineville. It’s great for families and professionals, with parks, sports fields, and trails, plus shopping amenities and a rich dining scene including Lebanese cuisine. Arncliffe is also near Brighton-Le-Sands beach and Sydney Airport.
Discover more properties in Arncliffe NSW 2205.
Tregear
- Median House Price: $700,000
- Distance from CBD: 50 minutes
Tregear is a lovely, quiet suburb known for its multicultural residents. Parks, schools and shops are all a short distance away which gives the area its warm, communal energy.
If you’re looking for an affordable suburb with a small, friendly community, Tregear might be the right place for you.
Discover more properties for sale in Tregear NSW 2770.
Canterbury
- Median House Price: $1,647,500
- Median Unit Price at $657,250
- Distance from CBD: 20 minutes
Canterbury, located about 10.5 km southwest of Sydney’s CBD, is a suburb that blends old-world charm with modernity.It features Federation-style homes and new apartments near the train station, offering suburban peace with urban accessibility.
The suburb is well-connected, with a 20-minute train commute to the city, and includes amenities like Canterbury Hospital and a golf course.
Canterbury is attracting homeowners and investors with its growing property values and robust rental market. Predominantly populated by the 20-29 age group, Canterbury is diverse and suitable for professionals, singles, and families, despite some overdevelopment concerns.
It’s a “hidden gem” with affordable housing, parklands, and community spirit, making it appealing for those seeking a balance of old and new.
Willmot
- Median House Price: $637,500
- Distance from CBD: 50 minutes
Willmot, one of the most affordable suburbs in Sydney, offers a strong sense of community and is great for families.
It’s the kind of place where your neighbours say hi to you on the street—and that’s something to be celebrated. The residents are predominantly made up of younger and older families who benefit from having a local school nearby.
Discover more properties in Willmot NSW 2770.
Lethbridge Park
- Median House Price: $709,000
- Distance from CBD: 45 minutes
Another one of the cheapest suburbs in Sydney to buy a house is Lethbridge Park.
With solid public transport, nice parks for dogs and children, and close access to shopping and leisure centres, Lethbridge Park has grown into a friendly suburb with a neighbourly spirit. A plus is having the Nepean River and Blue Mountains close by for your getaways.
Discover properties for sale in Lethbridge Park NSW 2770.
Want more affordable homes?
If you want to check out other cheap houses for sale in Sydney, browse our search page to check out some amazing listings available right now.
Explore more affordable properties across Sydney by downloading our app. Shortlist or swipe left on our listings, and we’ll help you find the perfect home that suits your needs.
FAQ Section on The Cheapest Suburbs in Sydney for 2024
What is the best affordable suburb in Sydney for families?
Westmead is one of Sydney’s best affordable suburbs for families, offering a safe, family-friendly environment with excellent schools and amenities.
Couples with children find Westmead appealing, particularly the areas south of the train station, known for their lower-density housing.
What are the most undervalued suburbs in Sydney?
Undervalued suburbs in Sydney include Summer Hill, Mascot, and Carlton, among others. These locations offer excellent investment potential within the city.
How to live cheap in Sydney?
To live affordably in Sydney, consider strategies like avoiding the costly airport train, taking advantage of weekend transport discounts, and using ride-share apps. You can also find discounts at restaurants and cafes through platforms like EatClub and Hey You.
Sources
Information sourced from www.corelogic.com.au. Compiled on 13/08/2024. Includes median house and unit prices, growth statistics, and market trends from CoreLogic’s latest data on Sydney’s suburbs.
