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It’s no secret that Sydney is home to some of the most expensive suburbs in the country (even world, welp). But there are still a few (yes, just a small handful) of undervalued pockets that are still offering up some property bargains.
New data released from the property experts at realestate.com.au has revealed a list of the most undervalued suburbs in Australia, and there are two – yes, just two – here in Sydney. The Inner West is booming, with big median property prices across suburbs like Newtown, Balmain, Marrickville and Dulwich Hill. But nearby suburbs Canterbury and Campsie are still a fair bit easier on the budget, all while giving you roughly the same proximity to the CBD.
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These undervalued Sydney suburbs each have a median property prices under $2 million (yep, that's considered decent value these days): $1.83 million for Campsie and $1.99 million for Canterbury, with both expected to yield great growth value over the coming years. Bonus: Campsie is home to a bustling high street packed with thriving Asian grocers and excellent restaurants.
Agent Peter Kassas from LJ Hooker Campsie told realestate.com.au he is already seeing an uptick in interest in these two areas from buyers looking for property in the Inner West. “It’s six or seven minutes down Canterbury Road but it’s much more affordable,” he said.
If close to two mill is still way out of your price range, the other NSW area noted in this research that's still great value is the regional town of Goulburn.
Two hours south of Sydney, the median price for a property in Goulburn is $660,000 for a house and $555,000 for a unit. It helps that Goulburn is on the train line and has a well-equipped hospital and several medical centres.
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