Sydney's 10 hidden gem suburbs priced up to 47% cheaper than their expensive neighbours
If you can’t afford a house in Baulkham Hills, ranks among Sydney’s most popular suburbs, it's suggested you consider travelling just eight kilometres down the road to Seven Hills where the average house price is 34% cheaper.
Westpac has compiled a list of ten Sydney suburbs where it’s cheaper to buy than in their more popular neighbouring suburbs.
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The hidden gem suburbs are close to the popular suburb but have a lower cost median house or unit price.
“Buyers who want to truly own their home sooner can find real value by simply considering a suburb which is just a stone’s throw away from their first preference,” said Westpac’s Gai McGrath.
If Mosman is out of your budget then Cammeray is a suitable alternative, according to Westpac. With a median house price of $972,674 it is 43.2% cheaper than Mosman. For units though, Neutral Bay is the better alternative but only marginally – it’s just 1.7% cheaper than Mosman.
Manly Vale house prices are 47.1% cheaper than in the ever popular Manly while the units are 35.4% cheaper.
If you wanted to buy a unit in Baulkham Hills, you could consider travelling just four kilometres down the road to Northmead where the average house price is 16% cheaper. You could own your home 10 years, 9 months sooner and save $81,165 in purchase price and $130,520 in interest repayments over time, according to Westpac.
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