Sydney property market

The suburbs where house prices are set to skyrocket

PHOTO: Sydney’s out-of-control property market looks set to continue that trend with prices skyrocketing across the harbour city

Sydney‘s thriving property market will continue to boom with prices set to skyrocket even further across the city, experts say.

According to sales analysis conducted by research group Hotspotting, the New South Wales capital is looking at its biggest ever property price spike in the coming months.

The Northern Beaches experienced the largest house price rise in the state with a 10.8 per cent increase over the past three months, with Sutherland Shire and the North Shore close behind on 8.1 per cent and 8.0 per cent respectively.

The data shows 140 suburbs across Sydney have experienced growth in value over the past three months despite constant uncertainty amid the coronavirus pandemic.

The 54 suburbs in Sydney, Melbourne and Brisbane where median house prices top $1million for the first time ever with one beach haven surging by 68% in a YEAR