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The Northern Beaches property market continues to thrive, cementing its reputation as one of Sydney’s most sought-after regions. With strong demand, limited supply, and an exceptional coastal lifestyle, buyers, investors, and renters remain highly engaged in the market.
The median house price has reached $2.5 million, reflecting a six percent increase over the past year, while unit prices have climbed 4.54 percent to a median of $1.15 million. A key driver of the market’s strength is the region’s limited supply, with only 0.3 percent of homes currently available for purchase.
“This scarcity fuels intense competition among buyers, maintaining strong property values and steady capital growth," says Peter. “The area’s lifestyle appeal remains a significant factor, with pristine beaches, excellent schools, and a relaxed coastal atmosphere attracting families, professionals, and retirees alike. Additionally, the vibrant local community and strong economy continue to enhance the desirability of the Northern Beaches as a place to live and invest.”
Several suburbs have experienced notable growth, reinforcing the region’s continued popularity. Elanora Heights has seen a 17.3 percent increase in median house prices, now sitting at $2.58 million. North Narrabeen has also experienced an 11.1 percent rise, with house prices reaching $2.2 million, while Warriewood has recorded a 9.1 percent increase, bringing its median house price to $2.4 million.
The Northern Beaches rental market remains incredibly competitive, with vacancy rates at a record low of just 0.7% and demand far outweighing supply. This has driven rental prices higher, particularly for units, where the median weekly rent has surged to $868. With strong population growth, limited new housing, and the area’s lifestyle appeal, these conditions show no signs of easing.
Upstate’s John Hall advises, “With such tight vacancy rates and rising rents, now is the perfect time for investors to reassess their strategies and for tenants to plan ahead.”
The commercial market on the Northern Beaches continues to perform well, with high tenant and buyer demand driven by the region’s prime location and strong local economy. Limited commercial property availability has created increased competition, ensuring steady capital growth and strong returns for investors and businesses.
As the Northern Beaches real estate market continues to evolve, Upstate is excited for the opportunities ahead. With strong buyer demand, a thriving rental sector, and improving economic conditions, the year is shaping up to be an exciting one for both homeowners and investors.
Peter shares his outlook, “We’re seeing incredible momentum across the market, and with interest rates easing, confidence is only set to grow. Whether you’re buying, selling, or investing, now is the time to take advantage of the changing landscape. Our team is ready to help clients navigate this evolving market and achieve outstanding results in 2025.”
For expert advice on buying, selling, or investing in the Northern Beaches, reach out to Upstate today. We’re here to help you find yourself in a better place.
upstate.com.au
