The Sydney suburbs where home buyers pay top dollar for tiny blocks: SMH

By Kristy Johnson | November 17, 2024

Some Sydney home buyers are willing to pay top dollar for modest blocks under 100 square metres as buyers choose proximity to the city over spacious backyards, reports The Sydney Morning Herald. 

Homes in Sydney's Inner West suburb of Newtown featured among the smallest average block size among houses sold last year, at 139 square metres.

The Agency Inner West partner David Barndon said the appeal behind Newtown is its clever use of space.

“The focus is less on lot size and more on the home’s design and quality finishes, making it a favourite playground for architects,” he said.

Mr Barndon said the land, lifestyle and wise use of space drives the price.

“It’s common to find two-bedroom homes on parcels of land ranging from 80 to 110 square metres. Despite limited yard space, the abundance of local amenities such as parks and playgrounds makes up for it.”

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