Maroubra: Sydney’s Rising Real Estate Star

Photo Credit: Google Maps

In the ever-changing landscape of Sydney’s real estate market, Maroubra stands out as a suburb on the rise. This beachside hotspot, nestled in Sydney’s premium Eastern Suburbs, is increasingly attracting buyers with its comparative affordability and appealing location. 

Whilst its more famous neighbors, Bondi Beach and Coogee, continue to command higher prices, Maroubra offers a more accessible entry point to this desirable area.

Surge in Property Prices

Over the past five years, Maroubra has witnessed a remarkable surge in property prices. According to PropTrack data, the median house price in the suburb soared by 40 per cent from $1.96 million in October 2018 to $2.75 million in October 2023.

Although these figures are below the May 2022 peak of $2.94 million, PropTrack economist Anne Flaherty observed that Maroubra’s numbers are “recovering.” 

2023: A Year of High Expectations

The year 2023 is shaping up to be a defining period for Maroubra and other Sydney suburbs like Coogee and Balmain. Experts anticipate these areas to be among the top performers in the city’s property market. Driving factors behind this growth include infrastructure developments, population increases, and overall economic progress.

Sydney’s broader housing market, particularly in the Eastern Suburbs, are also showing signs of recovery. Auction clearance rates in these areas are on the rise, indicating a resurgence in buyer interest. 

The city’s North Shore is also predicted to experience growth in property values, drawing attention from buyers with larger budgets.

Maroubra’s Market Dynamics

Despite the overall positive trends, Maroubra’s property market has its complexities. A record-breaking sale in March 2023 positioned Maroubra above its neighbors Coogee and Clovelly in terms of property value. 


Photo Credit: Google Maps

However, the broader housing market in Maroubra saw an 8.1 per cent decrease, highlighting the suburb’s unique market dynamics.

As Sydney continues to evolve, Maroubra stands out as a suburb of interest for both buyers and investors. Its blend of affordability, location, and growing market appeal positions it as a key player in Sydney’s property market narrative for 2023 and beyond.

Published 27-Nov-2023