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After the RBA announced its first cash rate hike in two years earlier this year, the move has already started reshaping Sydney’s real estate scene – for better or worse (mostly worse – sorry!).
The bad news first: some of Sydney’s most affordable suburbs in the outer west and Blue Mountains have seen a significant bump in house prices, according to new data.
The Blue Mountains region recorded an increase of 2.6 per cent, while places like Campbelltown and Camden saw property values rise by 1.7 per cent.
RELATED READ: Sydney house prices jumped again in 2025, pushing the median to $1.76 million
It’s a similar story across the South West and Central Coast regions, where rising property prices are a direct result of more first-home buyers jostling to get a look-in in an already competitive market.
And the good (ish) news? Prices in areas like the Eastern Suburbs and the North Shore dropped 2.11 per cent and 1.31 per cent respectively.
However, considering these areas are home to some of the most expensive suburbs in Australia – including Bellevue Hill and Mosman – those figures won’t mean much to anyone trying to enter the market.
RELATED READ: Yes, you can still buy by the beach: 12 NSW suburbs under $1m
With Greater Sydney’s affordable housing crisis only deepening, these latest stats will further bottleneck an already strained system. And with interest rate uncertainty likely to push rental prices even higher – things could get even more grim for many across the city.
My one question: does anyone have a cupboard under the stairs they’d like to rent out?
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