If you’ve been living in Sydney for a while, or even watching the Sydney property market from afar, you’re probably wondering whether there are any affordable suburbs left to live in. In an area where it seems like prices and demand have been going crazy for years, if you’ve been trying to enter the market, there’s every chance you’ve been dismayed and feel like you’ve been left behind.
But that isn’t the case; there are a number of suburbs within the Sydney region where you can still purchase a property that is affordable, and within commuting distance. Let’s take a look at the cheapest suburbs (by median price) within a 10km radius and a 20km radius of the CBD as well as those a bit further out.
Best Value for Money Suburbs within 10km of Sydney’s CBD
Looking to buy within 10km of the CBD? There’s a good chance you’ve looked until you can look no more but there are some little gems out there that will allow you to live close to the CBD without spending millions.
When looking this close into the CBD, the most affordable options are going to be apartments, and the following suburbs are a good place to start.
Best Value for Money Suburbs within 20km of Sydney’s CBD
Going just an extra 10km away from the CBD brings you plenty more affordable homes to choose from. That little extra distance gives you an opportunity for either a house or a unit depending on your lifestyle needs.
Most Value for Money Outer Sydney Suburbs
Not everyone needs to or wants to live within a close distance to the CBD, and for those people, there are plenty of options further out that are completely affordable. The suburbs we’ve listed below are spread throughout the west, south, and north of Sydney’s CBD.
** Median prices as of March 2021
While prices are going up and properties are getting snapped up quickly, there are options out there for buyers who are looking for homes that are still affordable for the average family.