Real estate insiders reveal the best Sydney suburbs to buy a home in 2024

The dream of buying a home in Sydney is still alive and well, according to real estate insiders – but you have to know where to look.

Australians have dealing with soaring cost of living pressures in recent years and despite 13 cash rate hikes 18 months, Sydney house prices are mostly still rising.

But experts have revealed there is still value to found in the Harbour City with suburbs in the Hills District and the south-west, all presenting great value for money in 2024.

Other top buys include Dee Why on the northern beaches, Glenmore Park in western Sydney and Coogee, Kingsford and Kensington in the eastern suburbs.

Nerida Conisbee, the chief economist at the Ray White real estate agency, said established homes in the Hills District and south-western Sydney are her top picks for the coming year.

‘It is now a lot more expensive to build a new home so buying a home a couple of years old in these areas is a smart purchase,’ she told realestate.com.au. 

Mathew Tiller, the head of research at the LJ Hooker Group said the early months of the year will see more listings and a wider range of choice. 

The hotspots, in his eyes, will be suburbs where values have steadied or fallen in the past year, making them more affordable.

Dee Why on the northern beaches, where apartment prices fell 8.4 per cent in 2023, is a good example, Mr Tiller said. 

‘Glenmore Park is offering good value for families with its median house price falling 2.4 per cent to $1million; while Raby in Sydney’s south-west saw its median drop 1.8 per cent to $865,000,’ he added.

Buyers agent and author Lloyd Edge said getting the right property at the right price is what makes a good investment, naming Coogee, Kingsford and Kensington as his picks for this year.

Mr Edge said the beachside suburb of Coogee is on the verge of major growth due to infrastructure projects such as the $2.2billion South-East Light Rail connecting the area to the city centre.

Kingsford and Kensington, which are both located close to Coogee, will also benefit from the light rail project, providing a direct link to the CBD and Sydney Harbour.

Leanne…