Sydney is the largest city in Australia, but not the capital as many international visitors are often mistaken. It was one of the first areas settled by Europeans and was first used as a penal colony for wayward criminals. Today Sydney is a thriving metropolis with a population of over 4 million people, with a quarter of those born overseas.
Sydney is Australia’s main financial centre, home to the head offices of most of Australia’s largest banks and many overseas branches. It has a thriving tourism industry and has Australia’s most iconic building, the Sydney Opera House. Sydney came to world’s attention when they hosted the 2000 Olympic Games, with people often remarking that it was one of the best Olympic Games’ ever. There is no doubt that with the harbour backdrop, Sydney is one of the most picturesque cities in the world.
Sydney’s Top Real Estate Agents
There are nearly 350 real estate agents operating in the CBD of Sydney, coming from over 250 agencies. The top agent in Sydney has had nearly 20 sales in the CBD and over 30 sales overall in the past 12 months, with an average selling price of nearly $1.4 million. The agent specialises in selling apartments and would be the best person to contact if you have an apartment for sale in the CBD.
Another good agent if you have a higher value property , has had just 10 sales in the past 12 months, but an average selling price of nearly $7 million. Make sure you contact us if you would like us to put you in touch with these agents.
A Guide to Sydney’s Suburbs
The inner west suburbs of Sydney are known for being trendy and lively places to live. They include: Balmain, Cabarita, Five Dock, Leichhardt, Marrickville, Newtown and Strathfield. Most of the properties in these areas are flats and apartments and even with its proximity to the CBD, more affordable than Sydney’s east. Since the area has a number of universities such as the University of Sydney, University of Technology and the Australian Catholic University, it is a popular place for students to live. The area has good transportation and vibrant restauarnts and cafes.
Sydneys eastern suburbs have some of the most expensive property prices in Ausralia. Bellevue Hill for example is the most expensive and features a number of luxury and historic homes. Bondi Beach is undoubtedly Autralia’s most well known beach in the country. Bronte is famous for its celebrity residents and has a relaxed beach lifestyle. Paddingtons is well known for its shopping and Oxford Street markets. Wolseley Road in the suburb of Point Piper is one kilometer long and is regarded as Australia’s most expensive street to live in. In 2015, the street was named the sixth most expensive street in the world. Other suburbs include: Darlinghurst and Surry Hills.
North Sydney is another expensive part of the city. The lower north, just across from the harbour bridge contains mostly apartments and units. The northern beaches are a little less expensive, but suburbs like Manly are extremely popular. The area is also surounded by some fanstastic national parkes such as Ku-Ring-Gai Chase National Park.
Upper North Shore
The Upper North Shore is another expensive area, but Hornsby can be a little cheaper. Westfield Shopping Center in Hornsby is a feature of the area.
Lower North Shore
The Lower North Shore includes the suburbs of Mosman and Cremorne Point. It is a greener alternative to the inner surubrbs and is more affordable than Sydney’s eastern suburbs. Prices vary dramatically between houses on the waterfront and those that are not. It is also home to the Toronga Zoo.
Property prices in South Sydney tend to be a little more manageable and the area is popular with families. Suburbs in South Sydney include: Kyle Bay, Kangaroo Point and Cronulla.
As property prices in Sydney’s inner suburbs have grown, the city has been pushed further west. Prices tend to drop off a bit in suburbs like Blacktown and Penrith. Baulkham Hills however is still relatively high. The area attracts a large number of newly arrived migrants.