Several suburbs in Sydney have shown remarkable resilience by recording price growth despite the Reserve Bank of Australia’s (RBA) series of interest rate increases from 0.1 per cent to 4.1 per cent over the last 12 hikes, commencing in April 2022.
Eastern Sydney Selective Suburbs Snapshot:
| Suburb | Type | Median Price to July 23 | Median Price 2021
|
Growth rate since April 2022 | Price growth since the hike |
| Bellevue Hill | House | $8,047,500 | -11.1% | $893,272 | |
| Bondi | House | $3,590,000 | -5.5% | -$197,450 | |
| North Bondi | House | $4,175,000 | -7.4% | -$333,639 | |
| Bondi Junction | House | $2,285,000 | -19.0% | -$535,988 | |
| Dover Heights | House | $5,999,998 | -4.5% | -$282,722 | |
| Darlinghurst | House | $2,200,000 | 7.3% | $149,674 | |
| Rose Bay | House | $5,500,000 | -1.5% | -$100,815 | |
| Vaucluse | House | $8,737,50 | 6.1% | $502,344 |
| Suburb | Type | Median Price to July 23 | Growth rate since April 2022 | Price growth since the hike |
| Bellevue Hill | Unit | $1,325,000 | 15.1% | $200,075 |
| Bronte | Unit | $1,590,000 | 0.4% | $6,335 |
| Bondi | Unit | $1,300,500 | -7.9% | -$307,937 |
| North Bondi | Unit | $1,220,000 | -14.4% | -$205,234 |
| Bondi Beach | Unit | $1,325,000 | -10.6% | -$157,103 |
| Bondi Junction | Unit | $1,200,000 | – 18.9% | -$279,655 |
| Double Bay | Unit | $1,941,000 | -3% | -$60,031 |
| Darlinghurst | Unit | $922,500 | -16.1% | -$177,023 |
| Potts Point | Unit | $912,500 | 2.4% | $21,387 |
| Rose Bay | Unit | $1,505,000 | -3.2% | -$49,752 |
| Vaucluse | Unit | $1,332,500 | -5.5% | -$82,044 |
In 2022, most suburbs underwent a significant price adjustment. While a considerable portion of that has been recuperated this year, it is crucial to factor in the growth trajectory of the past five years. More exclusive suburbs, such as Vaucluse, were not as severely impacted by the interest rate hikes.
