Rushcutters Bay records Sydney's strongest annual unit price growth: Domain

Rushcutters Bay has witnessed the biggest unit price growth across Sydney, according to Domain Group data.

It suggests the suburb's median house price has increased 23.7%, with a median price of $804,000.

Some of the suburbs that saw the greatest declines in house prices saw some of the strongest price growth in units over the year. 

Units in Petersham recorded a 16.6% growth year-on-year, raising the median price to $780,000.

Domain Group data scientist Dr Nicola Powell said a price correction in some suburbs was part of the property cycle "and is not necessarily a bad thing”, she said.

Source: Domain

A Rushcutters Bay one bedroom apartment was sold for $943,000 in March (pictured below).

Set within a 1920s security building, 14/46 Roslyn Gardens comes with bedroom with built-in, updated seperate kitchen, generous living, and updated bathroom.

Other features include polished timber floors, high ceilings and common laundry.

It is close to cafes and eateries, and with easy access to the CBD and local transport. 

Another sale was a Bayswater Road one bedroom apartment which was sold off market at $1.15 million. 

The 204/72-78 Bayswater Road apartment features the double bedroom, open plan living and dining, integrated stainless steel gas kitchen and undercover parking.

Located in a landmark building completed in 2001, the apartment is 600 metres from Kings Cross station.