Sydney’s most in-demand suburbs for 2024 have been revealed, offering a snapshot of where buyers are desperate to secure a foothold. So if you’re dreaming of securing a home at any of the below, it’s safe to say you’ve got company.
Key Takeaways
- Based on Domain’s End of Year Wrap, Sydney’s most in-demand suburbs were determined by the highest number of views per property listing, highlighting areas where buyer interest far outweighs supply.
- Stanmore has emerged as Sydney’s most in-demand suburb for 2024, driven by its community feel and Federation-style homes.
- Eastern Suburbs hotspots like Paddington and Point Piper continue to dominate due to their location and prestige.
- Inner West suburbs, including Haberfield and Enmore, are surging in popularity with a focus on charm and family-friendly amenities.
- Searches for homes with “pools” remain the top priority for Sydneysiders.
- Sydney’s house prices are forecast to rise by 4-6% over the next 12 months.
Sydney’s Most Sought-After Suburbs
- Stanmore
Stanmore takes the crown as Sydney’s most-viewed suburb this year. Known for its tree-lined streets, family-friendly atmosphere, and Federation-style homes, Stanmore blends charm with convenience. “The community here is unmatched. It’s like stepping back in time to a village where everyone knows everyone,” says Nicole Gerber from Gerber Properties. - Paddington
Combining heritage terraces, buzzing eateries, and proximity to the CBD, Paddington remains a firm favourite. The suburb’s mix of culture, cafes, and character keeps it among Sydney’s most desirable. - Haberfield
A gem in the Inner West, Haberfield has seen renewed interest for its Italian heritage, vibrant food scene, and spacious family homes. Happyfield Cafe is a must-visit for locals. - McMahons Point
Positioned on the Lower North Shore, McMahons Point offers stunning harbour views and a village-like feel, making it a prime pick for professionals and downsizers. - Lilyfield
Lilyfield continues to attract families seeking spacious homes and proximity to the city. Its parks, schools, and light rail access add to its appeal. - Birchgrove
Harbourside living defines Birchgrove, with its picturesque waterfront parks and tightly-held properties cementing its spot on the list. - Enmore
Known for its creative energy, Enmore has become an Inner West standout. The suburb’s eclectic mix of cafes, theatres, and vintage stores draws a younger demographic. - Point Piper
Home to Sydney’s most exclusive properties, Point Piper is synonymous with prestige. Waterfront mansions continue to attract high-net-worth buyers. - Balmain
A timeless favourite, Balmain’s historic charm and harbourside location make it a staple on Sydney’s property hotlist. - Marrickville
Once overlooked, Marrickville has emerged as a cultural hotspot. Its diverse food scene, markets, and warehouse-style homes have put it on the radar for young families and investors alike.
Key Background
Sydney’s housing market remains one of the most expensive globally, with rising demand driven by population growth and a shift back to lifestyle-focused living post-pandemic. While “pool” tops the list of home search terms, “granny flats” are also seeing increased interest, reflecting multi-generational living trends.
Crucial Quote
“Australians are driven by lifestyle factors, so it’s easy to see why some of Sydney’s Inner West featured highly as some of the most in-demand suburbs for 2024. With the addition of the light rail, the Inner West is becoming more desirable with increased accessibility, combined with the area’s leafy lined streets and community feel,” said Dr Nicola Powell, Chief of Research and Economics at Domain.
Big Number
4-6%: The expected rise in Sydney’s house and unit prices for 2024, as forecast by Domain’s End of Year Wrap.
What to Watch For
Ongoing competition for Sydney’s premium suburbs is expected to push prices even higher, with affluent buyers zeroing in on exclusive harbourside and lifestyle-centric locations.
