Sydney is Australia's largest city and the nation's financial hub. Home to over 5 million people, it has Australia's most expensive property market, with median house prices approaching $2 million in 2026.
Sydney Property Market 2026
Sydney is forecast to record the strongest house price growth at 7%, pushing the median to around $1.92 million. However, this comes with significant affordability challenges—Sydney now ranks as one of the world's least affordable housing markets.
The expansion of the First Home Guarantee to $1.5 million property values has dramatically increased buying power for first home buyers, though competition in the affordable suburbs remains intense.
Hot Suburbs to Watch in 2026
Liverpool
Major infrastructure and hospital precinct growth
Lakemba
Last affordable pocket near Inner West
Canterbury
Strong rental demand and lifestyle appeal
Leppington
New development corridor, first home buyer hotspot
First Home Buyers in Sydney
NSW offers a $10,000 First Home Owner Grant for new homes under $750,000. Full stamp duty exemption applies for homes under $800,000, with concessions up to $1 million. The First Home Buyer Choice (annual land tax option) has been phased out.
Top Sydney Mortgage Brokers
Matt Spears
Evoke Capital
0418 462 196
Renati Barel
World Class Finance
0480 154 772
Anthony Landahl
Equilibria Finance
0438 983 256
Greg Quy
World Class Finance
0480 163 493
Russell Ecob
Century 21 Home Loans
0411 038 559
John Song
Credit Asset Management Pty Ltd
0402 756 926