The Upper North Shore suburbs beating expectations

In the hottest market in decades, Sydney property prices recorded an extraordinary 25.3% annual growth last year – the biggest jump in thirty years.

And with family homes and lifestyle properties topping many buyers’ wish lists, property on the Upper North Shore was particularly in demand. CoreLogic’s Best of the Best 2021 report lists the nation’s top-performing suburbs, and there are some hidden Upper North Shore gems amongst them.

West Pymble

Coming in at number nine in Greater Sydney’s top 10 suburbs with the highest 12-month change in house values is the neighbourhood of West Pymble. Tucked away North of Lane Cove Road, West Pymble offers easy access to centres like North Ryde, Chatswood and Gordon. With its excellent public primary school, handy local shopping village and great sense of community, this friendly bushland suburb has long been one of the Upper North Shore’s best-kept secrets. It looks like the cat might be out of the bag now, however, as West Pymble’s median house price jumped by 44.9% last year to reach $2,933,297.

Roseville Chase

Next on the list is Roseville Chase, making an appearance in sixth position in the list of top 10 Greater Sydney suburbs with the highest 12-month change in house values. Situated on the shores of Middle Harbour, Roseville Chase is one of the Upper North Shore’s secret lifestyle suburbs. Locals love bushwalking or picnicking at Echo Point, or launching their boat or enjoying brunch at the marina. The Chase shares a golf course with its better-known neighbour, Roseville, too. This secluded suburb has a new median house price of $4,102,095 after it increased by an incredible 45.6% over the course of 2021.

St Ives Chase

St Ives Chase comes in at number five in the list of Greater Sydney suburbs with the highest change in house values over 2021. Less well-known than its neighbour St Ives, it’s home to one of Sydney’s most sought-after primary schools – St Ives North Public School – and demand from families looking to settle in the school’s catchment area is part of the reason why its median house price jumped 46.0% to reach $2,888,097 last year. The quiet, leafy streets, big blocks and proximity to the National Park plus St Ives Shopping Village are all drawing in the buyers too.

Gordon

Making an appearance in both the Greater Sydney and national top ten lists is Gordon. Its median house price lifted by 46.5% last year, putting it third amongst Sydney suburbs with the highest 12-month change in house values and seventh in the nation. With its just-right mix of refinement and liveliness, friendly feel, excellent transport links and bushy setting, Gordon is sought-after by families, professionals and downsizers alike. Strong price growth over the course of 2021 drove its median house price up to $3,783,598.

South Turramurra

Drumroll, please … the Upper North Shore suburb with the highest lift in median house prices last year was South Turramurra. The median house price in South Turramurra skyrocketed by an unheard-of 52.5% over the course of 2021, giving the suburb the second-highest rise in median house prices in Sydney and the third-highest in the country. With Lane Cove National Park on its doorstep, access to a well-regarded public high school (Turramurra High School), and plenty of sports fields, South Turramurra is beloved of families. It’s no surprise to find property here fared so well last year. In a year when family homes offering idyllic outdoor lifestyles were more popular than ever, South Turramurra’s large family homes (more than 60% boast four bedrooms or more) and easy access to bushland and the Lane Cove River absolutely hit the spot.

What can we expect in 2022?

With the trend for family and lifestyle homes showing no sign of letting up, we expect these suburbs, along with the rest of the Upper North Shore, will continue to perform well in 2022. Suburbs from Roseville to Mount Colah, both well-known and under the radar, are enjoying plenty of demand, which means there are great opportunities for both buyers and vendors in this year’s market.

If you’re thinking of buying, selling or investing on the Upper North Shore this year, get in touch with our expert local team.

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DiJones Real Estate, together with their directors, officers, employees and agents have used their best endeavours to ensure the information passed on in this document is accurate. However, you must make your own enquiries in relation to the information contained in this document and seek advice from your financial advisor, broker or accountant to ascertain its application to your circumstances.

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