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The top 50 Sydney suburbs predicted to lose out with negative gearing changes

09 MAY 2019 By Sasha Karen 6 min read Hotspots

New data has revealed the top 50 suburbs that are expected to see the greatest declines in median values if Labor’s proposed negative gearing changes are introduced to the Sydney market.

aerial shot suburbs spi

Data presented by the Real Estate Institute of NSW has found which suburbs are expected to see the greatest declines if Labor implements its proposed negative gearing policy. 

Top of the list was the Liverpool housing market with a current median value of $643,526, which is expected to see a decline of 25.3 per cent with 52.2 per cent of the market consisting of renters.

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What the research also found was that the vast majority of the markets at 41 out of 50 are in Labor-held electorates, according to REINSW chief executive Tim McKibbin. In the top 10 suburbs alone, eight suburbs are held by members of the Labor Party.

“The data identifies those suburbs that have a high proportion of rental properties and which have already suffered double-digit falls in property values,” Mr McKibbin said.

“On this basis, new policies that cause investors to exit will reduce the number of buyers in the market further. This, in turn, will escalate the losses in value even further.”

Out of all 50 suburbs, 44 would see value losses over 10 per cent, while 11 would see value losses over 15 per cent.

“These property markets have already suffered significantly under the property downturn. Any policy that reduces buyer activity further is going to undermine prices further,” Mr McKibbin said.

The top 50 suburbs most susceptible to Labor’s proposed negative gearing changes, according to the REINSW, are:

Ranking

Suburb

Property
Type

Seat

Member

Loading form...

Party

AVM Median Value

12 month
change in
median
value

Rented

1

Liverpool

House

Fowler

Chris Hay

ALP

$643,526

-25.3%

52.2%

2

Wiley Park

House

Watson

Tony Burke

ALP

$700,998

-21.0%

50.3%

3

Eastlakes

House

Kingsford Smith

Matt Thistlethwaite

ALP

$1,228,245

-20.4%

52.0%

4

Bondi Beach

House

Wentworth

Dr Kerryn Phelps

Ind

$2,165,662

-18.9%

62.2%

5

Bondi

House

Wentworth

Dr Kerryn Phelps

Ind

$2,229,423

-18.7%

55.9%

6

North Parramatta

House

Parramatta

Julie Owens

ALP

$1,026,044

-17.6%

51.4%

7

Glebe

House

Sydney

Tanya Plibersek

ALP

$1,516,145

-16.5%

63.2%

8

Parramatta

House

Parramatta

Julie Owens

ALP

$1,035,372

-16.2%

62.9%

9

Fairfield

House

Fowler

Chris Hay

ALP

$636,143

-15.5%

52.1%

10

Redfern

House

Sydney

Tanya Plibersek

ALP

$1,270,394

-15.5%

60.1%

11

Neutral Bay

House

North Sydney

Trent Zimmerman

Liberal

$1,985,682

-15.2%

52.9%

12

Milsons Point

Unit

North Sydney

Trent Zimmerman

Liberal

$1,440,535

-14.6%

53.6%

13

Camperdown

House

Grayndler

Anthony Albanese

ALP

$1,242,000

-14.5%

57.0%

14

Whalan

House

Chifley

Ed Husic

ALP

$461,688

-14.3%

51.4%

15

Newtown

House

Grayndler

Anthony Albanese

ALP

$1,184,076

-13.9%

57.7%

16

Erskineville

House

Sydney

Tanya Plibersek

ALP

$1,136,473

-13.9%

51.8%

17

Forest Lodge

House

Sydney

Tanya Plibersek

ALP

$1,431,945

-13.8%

56.3%

18

Emerton

House

Chifley

Ed Husic

ALP

$458,405

-13.1%

51.9%

19

Airds

House

Macarthur

Dr Mike Freelander

ALP

$479,905

-13.0%

92.7%

20

Westmead

House

Parramatta

Julie Owens

ALP

$1,039,095

-12.9%

62.8%

21

Tregear

House

Chifley

Ed Husic

ALP

$444,312

-12.9%

60.8%

22

Hillsdale

Unit

Kingsford Smith

Matt Thistlethwaite

ALP

$619,845

-12.7%

50.3%

23

Penrith

House

Lindsay

Emma Husar

ALP

$621,404

-12.6%

51.1%

24

Bondi Junction

House

Wentworth

Dr Kerryn Phelps

ALP

$1,764,396

-12.3%

51.5%

25

Shalvey

House

Chifley

Ed Husic

ALP

$449,088

-12.2%

52.7%

26

Newtown

Unit

Grayndler

Anthony Albanese

ALP

$673,238

-12.2%

57.7%

27

Lakemba

House

Watson

Tony Burke

ALP

$827,734

-11.8%

52.2%

28

Bondi Junction

Unit

Wentworth

Dr Kerryn Phelps

Ind

$977,548

-11.4%

51.5%

29

Eastlakes

Unit

Kingsford Smith

Matt Thistlethwaite

ALP

$575,896

-11.4%

52.0%

30

Bidwill

House

Chifley

Ed Husic

ALP

$467,914

-11.1%

76.9%

31

Lakemba

Unit

Watson

Tony Burke

ALP

$392,325

-11.0%

52.2%

32

Lethbridge Park

House

Chifley

Ed Husic

ALP

$462,699

-11.0%

53.1%

33

Neutral Bay

Unit

North Sydney

Trent Zimmerman

Liberal

$905,157

-10.9%

52.9%

34

Redfern

Unit

Sydney

Tanya Plibersek

ALP

$898,854

-10.7%

60.1%

35

Villawood

House

Blaxland

Jason Clare

ALP

$739,672

-10.7%

60.2%

36

Coogee

Unit

Kingsford Smith

Matt Thistlethwaite

ALP

$993,335

-10.6%

53.3%

37

North Parramatta

Unit

Parramatta

Julie Owens

ALP

$550,088

-10.5%

51.4%

38

Liverpool

Unit

Fowler

Chris Hay

ALP

$403,879

-10.5%

52.2%

39

Manly

House

Warringah

Tony Abbott

Liberal

$2,684,891

-10.4%

53.2%

40

Darlinghurst

Unit

Sydney

Tanya Plibersek

ALP

$834,527

-10.4%

61.2%

41

Blackett

House

Chifley

Ed Husic

ALP

$468,247

-10.4%

50.1%

42

Sadleir

House

Werriwa

Anne Stanley

ALP

$532,359

-10.3%

50.4%

43

Kensington

Unit

Kingsford Smith

Matt Thistlethwaite

ALP

$818,050

-10.2%

53.4%

44

Wiley Park

Unit

Watson

Tony Burke

ALP

$414,175

-10.1%

50.3%

45

Miller

House

Werriwa

Anne Stanley

ALP

$544,924

-9.9%

58.3%

46

Kurraba Point

Unit

Warringah

Tony Abbott

Liberal

$1,097,462

-9.8%

50.5%

47

Kirribilli

Unit

North Sydney

Trent Zimmerman

Liberal

$1,289,281

-9.8%

66.5%

48

Glebe

Unit

Sydney

Tanya Plibersek

ALP

$905,506

-9.4%

63.2%

49

Wolli Creek

Unit

Barton

Linda Burney

ALP

$669,064

-9.3%

55.3%

50

Warwick Farm

Unit

Fowler

Chris Hay

ALP

$395,566

-9.3%

67.7%

RELATED TERMS

Gearing

Gearing is defined as the relationship between debt and equity of a company that shows how much of its operations are financed by lenders or shareholders.

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