Sutherland Market Snapshot 2024

The Sutherland property market is displaying robust indicators, with the median house price stabilising at approximately $1,500,000, and apartments maintaining an affordable status at $715,000. This positions Sutherland as an attractive and economically accessible suburb within the Sydney real estate landscape.

Anticipating moderate growth in the area, the low supply of properties entering the market remains a pivotal factor supporting property values. Additionally, the region is experiencing a notable annual population growth of approximately 9%, further contributing to the overall positive outlook.

Sutherland boasts a unique appeal, characterised by its strategic location offering express train access to the CBD, proximity to Cronulla Beach within a 15-minute drive, and the presence of a substantial shopping precinct. These attributes make Sutherland particularly appealing to young families and first-time homebuyers.

Investors have demonstrated active participation in the Sutherland market, constituting approximately 45% of the market share. Typically, investors are realising a yield in the range of 4-5%. With a diverse mix of units and housing options, Sutherland caters to various buyer segments across a spectrum of price points.

Recent inflation data indicates we have reached the peak and inflation levels are moving towards the 2 – 3% range, although not there yet. Despite the potential challenge posed by unforeseen economic factors and looming US election and how that will impact the world’s economy, the Sutherland market has showcased resilience, navigating the market fluctuations adeptly. This resilience can be attributed to the demographics of the area, primarily comprised of young professionals and working families with an above-average income.

In summary, I anticipate Sutherland to continue the positive trajectory observed in late 2023, with a moderate increase in property values expected throughout 2024. The market's volatility is showing signs of easing, transitioning towards a more traditional state. While there may be a slight uptick in the days on market, it is not anticipated to exert a detrimental impact on property prices.