Sydney Real Estate Market Insights

Are you searching for property in Sydney, NSW? It's an excellent first step to assess if it will suit your lifestyle needs. The Homes.com.au city profile makes choosing a new city based on gut instinct a thing of the past. Now, with the Sydney city profile, you're empowered with the most up-to-date stats on the Greater Sydney median property prices, market trends & demographics to educate you on your potential move to the city.

If you're considering a move to the City of Sydney, keep reading for a brief history lesson to discover more about the lifestyle and what makes this city a worthy option.

Sydney is the capital city of New South Wales and is the most populous city in Australia and Oceania. Sydney has a total land area of 12,267.7 km2 and has a population of 5,312,163, according to the 2019 estimates of the Australian Bureau of Statistics. Sydney has 33 local government areas, with over 600 suburbs.

Facilities Around Sydney Today, Sydney is Australia’s largest city and is among the top 10 world cities highly integrated into the global economy. The city’s Central Business District (CBD), located near the iconic Sydney Harbour, serves as its main commercial centre. The Sydney CBD is home to some of the largest Australian companies and the Asia-Pacific headquarters of several international companies.

The main retail area in the CBD is along Pitt Street, where the Pitt Street Mall and the Sydney Tower are located. The Rocks are the neighbourhood to go to for art, souvenirs, and gifts. The Queen Victoria Building and The Strand Arcade are not just heritage buildings, but they are also popular shopping destinations.

Sydney is the top-ranking city in the world for international students. Over 50,000 international students study in Sydney’s universities. Six public universities are operating in Sydney: The University of Sydney, University of New South Wales, University of Technology Sydney, Macquarie University, Western Sydney University, and Australian Catholic University. There are also TAFE facilities across the Sydney metropolitan area, while there are 935 preschools to secondary schools in the city.

Sydney has an excellent network of roads connecting the CBD to other city areas. While most residents in the capital city are car-dependent, Sydney has bus services run by the government and private operators, and there are train services in the CBD and outer suburbs of Sydney. The city also has ferry services, once the largest globally, running from Circular Quay to Manly and Parramatta.

The Sydney Airport is located in the suburb of Mascot. It is the busiest airport in Australia, and it services 46 international and 26 domestic destinations. A new facility called Western Sydney Airport is currently underway and is expected to be completed in 2026.

Famous Destinations Around Sydney

Sydney Opera House This is one of the most distinctive establishments not only in Sydney but also in Australia. The Sydney Opera House located at Bennelong Point on Sydney Harbour is a multi-venue performing arts centre. Over 1,500 performances are held here annually.

Sydney Harbour Bridge Close to the Opera House is another iconic infrastructure: the Sydney Harbour Bridge. This is an Australian heritage-listed bridge and is the largest steel arch bridge in the world. With a minimal fee, visitors could walk to the top of the bridge and get a beautiful view of the city and the harbour.

Bondi Beach Another popular destination in Sydney is the world-renowned Bondi Beach. The 1 kilometre stretch of fine sand, excellent waves, various activities on the beach and restaurants nearby draw over 2 million visitors each year.

History of Sydney Before the arrival of the European settlers, Sydney was already inhabited by indigenous Australians for thousands of years. On 29 April 1770, Lieutenant James Cook arrived on the shores of Sydney on an exploration mission. Almost two decades later, the First Fleet led by Captain Phillip (along with 850 convicts) arrived in Sydney to establish a colony.

Phillip described Port Jackson as “without exception the finest harbour in the world”. The colony was supposed to be called “New Albion”, but Phillip instead decided to name it Sydney. The official proclamation of the new colony took place on 7 February 1788.

By 1840, Sydney already had an elected city council. From its official foundation to 1900, the city was the capital of the British Colony of New South Wales. In 1901, Sydney was named the state capital of New South Wales after the state joined the Australian Federation.

We've only scratched the service with what Sydney has to offer, get a better understanding of the real estate market by partnerering with a top-notch real estate agent in Sydney on our find agent page.

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