Sydney suburbs where house prices just got $300,000 cheaper

Sydney Suburbs Experiencing Significant House Price Drops

Several prestigious Sydney suburbs have seen notable declines in house prices, contradicting the overall market trend of rising values. These declines are substantial enough to match the entire median house price in some other regions.

Key Price Declines in Affluent Areas

Burwood

Recently named Australia's coolest neighbourhood by Time Out magazine, Burwood's median house price fell by $610,000, dropping from $3.3 million last year to $2.69 million, according to the latest Domain House Price Report. This amount could buy a house in East Lismore (NSW Northern Rivers) or a unit in Parramatta.
North Bondi

The median house price here decreased by $450,000, from $4.9 million to $4.45 million over the past year. The $450,000 loss corresponds to the typical price of a house in South Tamworth or Mount Austin (Wagga), or a unit in Fairfield, Warwick Farm, or Cabramatta, with around $10,000 remaining compared to their median prices.
Other Notable Suburbs
- North Willoughby saw a drop of $365,000.
- Mosman declined by $327,500.
- Rose Bay decreased by $322,500.

Market Trend Contrast

While Sydney’s overall housing market surged by 6.3% in the past year, these suburbs experienced significant price declines, signaling variability within the city’s real estate landscape.

"Burwood in the inner west, recently named the coolest neighbourhood in Australia by Time Out magazine, saw its median house price drop by $610,000 from $3.3 million this time last year to $2.69 million now." — Domain House Price Report

Author's summary: Some affluent Sydney suburbs are facing steep house price drops up to $610,000, contrasting sharply with the city's overall upward market trend.

Domain.com.au — 2025-11-07

Sydney Suburbs Experiencing Significant House Price Drops

Key Price Declines in Affluent Areas

Burwood

North Bondi

Other Notable Suburbs

Market Trend Contrast

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