Sydney Home Prices Jump 3.4% This Quarter, Beating Last Year's 2.1%

Sydney dwelling values posted a 3.4 per cent gain for the June quarter, exceeding the 2.1 per cent increase recorded in the corresponding period last year.

The stronger quarterly result arrives as net overseas migration continues to lift demand in established inner-ring suburbs while new stock remains scarce. With the NSW median now sitting near $1.65 million, even modest percentage moves translate into tens of thousands of dollars for buyers and sellers who transact this spring.

Inner West and Northern Beaches sales

Leichhardt terraces along Norton Street changed hands at a median of $2.35 million in the quarter, up from $2.18 million twelve months earlier. On the Northern Beaches, a three-bedroom house in Newport with direct access to the beachfront reserve fetched $3.1 million last month, a 12 per cent lift on comparable sales from June 2025. Both pockets benefited from the state’s first-home buyer stamp-duty concessions that took effect in March and from limited new listings coming onto the market through the winter months.

CoreLogic’s hedonic index shows Sydney’s year-on-year growth now sits at 7.8 per cent, with clearance rates averaging 68 per cent across the June auction series. Domain’s June quarter data recorded 1,872 auctions in the greater Sydney region, down from 2,104 in the same three months of 2025, underscoring the supply squeeze.

Next steps for buyers and sellers

Properties listed before the end of July will reach the spring auction cycle when seasonal demand typically peaks. Prospective purchasers should review recent comparable sales on Norton Street and in Newport before submitting offers, while vendors are advised to obtain updated valuations that reflect the stronger quarterly pace.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.