The average cost of an apartment in North Sydney NSW in 2026 is approximately $1,150,000, with 1-bedrooms at $750,000 to $900,000, 2-bedrooms at $1,050,000 to $1,350,000, and 3-bedrooms at $1,600,000 to $2,500,000. Median price per square metre runs $14,500 to $17,500. Sydney Metro proximity, water views, and high floor levels add 10 to 25 percent above the suburb median.
8 min read | North Sydney Market Data | Last reviewed May 2026
North Sydney apartments cluster around a $1.15M median in 2026, with prices ranging from $750K (entry 1-bedroom) to $4.5M+ (premium penthouse). This guide gives the full price grid: median, range, per-square-metre rate, and the factors that push individual apartments above or below the suburb average.
North Sydney Apartment Median 2026
The North Sydney apartment median in 2026 sits at approximately $1,150,000, based on CoreLogic transaction data and NSW Land Registry Services title transfer records. The suburb contains roughly 12,000 apartments across high-rise and mid-rise stock spanning 1970s walk-ups through to 2024 premium towers.
North Sydney apartment buyers in 2026 are buying into one of Australia’s most established CBD-adjacent markets. ABS census data shows around 70 percent of dwellings in the 2060 postcode are apartments, and Sydney Metro opening at Victoria Cross and North Sydney stations in 2024 brought additional buyer demand. The $1.15M median weights all bedroom counts; actual median by type is materially different.
Price by Bedroom Count
| Apartment Type | Internal Area | Typical Price Range | Median |
|---|---|---|---|
| Studio | 40 to 50 sqm | $620,000 to $750,000 | $685,000 |
| 1-bedroom | 55 to 65 sqm | $750,000 to $900,000 | $830,000 |
| 1-bedroom + study | 60 to 70 sqm | $830,000 to $980,000 | $910,000 |
| 2-bedroom | 75 to 95 sqm | $1,050,000 to $1,350,000 | $1,210,000 |
| 2-bedroom + study | 85 to 105 sqm | $1,200,000 to $1,500,000 | $1,360,000 |
| 3-bedroom | 105 to 130 sqm | $1,600,000 to $2,500,000 | $2,050,000 |
| Premium / penthouse | 130 to 250+ sqm | $2,800,000 to $4,500,000+ | $3,500,000 |
The most active segment is the $1.05M to $1.35M 2-bedroom band, accounting for around 40 percent of annual transactions.
Price per Square Metre by Building Era
| Building Era | Price per sqm | Notes |
|---|---|---|
| New (2023+) | $15,500 to $18,500 | iCIRT-rated; DBP Act warranties; Metro adjacency |
| Recent (2018 to 2022) | $15,000 to $17,500 | Modern stock; nearing end of defects period |
| Established (2005 to 2017) | $13,500 to $16,000 | Out of statutory warranty; well-located |
| Older (1990 to 2004) | $12,500 to $15,000 | Mature stock; renovation potential |
| Vintage (pre-1990) | $11,000 to $14,000 | 1970s and 1980s walk-ups; renovation candidate |
For a 2-bedroom apartment of 85 square metres internal:
- New building at $16,500 per sqm: $1,402,500
- Established building at $14,500 per sqm: $1,232,500
- Older building at $13,500 per sqm: $1,147,500
Premium Drivers: Views, Floor, Aspect
Premium drivers within North Sydney apartment pricing:
- Harbour Bridge or Sydney Harbour views: 15 to 25 percent premium.
- City skyline views (Sydney CBD): 10 to 20 percent premium.
- Floor level: 1 to 2 percent per floor above level 10; 3 to 5 percent for top floor.
- Metro adjacency: apartments within 5 minutes walk of Victoria Cross or North Sydney stations command 5 to 10 percent premium.
- Aspect: north-facing 3 to 5 percent premium; east 2 to 4 percent.
- Corner two-aspect: 5 to 10 percent premium.
- Car parking: single space standard; second space adds $50,000 to $80,000.
New vs Established Pricing
New North Sydney apartments (off-the-plan or completed within past 3 years) trade at 8 to 15 percent premium over equivalent established stock. The premium reflects:
- Statutory warranties (Home Building Act 1989 + DBP Act 2020).
- Lower maintenance exposure for first 5 to 7 years.
- Strata levy predictability.
- Metro adjacency for newer projects.
For investors, the depreciation advantage on new stock (typically $58K cumulative over 5 years vs $21K on existing) more than offsets the new-build premium in higher tax brackets.
Comparison to Other Sydney Suburbs
| Suburb | Median 2-Bedroom | Price per sqm | Time to CBD |
|---|---|---|---|
| North Sydney | $1,210,000 | $14,500 to $17,500 | 5 minutes (Metro) |
| Chatswood | $1,100,000 | $13,000 to $15,500 | 16 minutes |
| Crows Nest | $1,150,000 | $14,000 to $16,500 | 8 minutes (Metro) |
| St Leonards | $1,050,000 | $13,500 to $15,500 | 10 minutes |
| Milsons Point | $1,350,000 | $16,000 to $19,000 | 3 minutes |
| Rhodes | $960,000 | $11,500 to $12,500 | 18 minutes |
North Sydney sits at the premium tier of Sydney inner-city apartments, with pricing reflecting the Metro access, CBD adjacency, and second-largest A-grade office market in Australia.
10-Year Price Trends
- 12 months to May 2026: approximately 4 to 6 percent growth.
- 3-year growth (May 2023 to May 2026): 14 to 18 percent cumulative.
- 5-year growth (May 2021 to May 2026): 22 to 30 percent cumulative.
- 10-year compound annual growth rate: 4 to 6 percent per annum.
The most reliable North Sydney apartment data sources are CoreLogic (subscription suburb reports), NSW Land Registry Services title transfer records (free), and Domain or realestate.com.au sold listings. Always verify a per-square-metre quote by cross-checking 3 to 5 recent same-building or same-precinct sales before making an offer.
Frequently Asked Questions
The North Sydney apartment median in 2026 sits at approximately $1,150,000 based on CoreLogic and NSW Land Registry Services data, weighted across 1-bedroom, 2-bedroom and 3-bedroom stock. Median price per square metre is $14,500 to $17,500, placing North Sydney as Sydney’s second most expensive apartment suburb behind only the inner-east harbourside.
1-bedroom North Sydney apartments cost $750,000 to $900,000 in 2026, with typical internal areas of 55 to 65 square metres. Premium 1-bedrooms with city views, high floors, or in new buildings near Metro stations trade at the upper end. Studio apartments (under 50 sqm) range $620,000 to $750,000 when available.
2-bedroom North Sydney apartments range $1,050,000 to $1,350,000 in 2026, depending on size (75 to 95 square metres), level, aspect, and building age. New off-the-plan 2-bedrooms in premium buildings typically sit at $1,200,000 to $1,500,000; established 2-bedrooms in older blocks (pre-2010) closer to $980,000 to $1,150,000.
North Sydney apartments trade at $14,500 to $17,500 per square metre on internal area in 2026. New stock from iCIRT-rated developers like Billbergia trades at the higher end ($15,500 to $18,500 per sqm); older stock at $13,000 to $15,500. Premium positions (water views, top floors, north aspect) add 10 to 25 percent above the suburb average per sqm.
North Sydney apartment prices grew approximately 4 to 6 percent over the 12 months to May 2026, accelerated by Sydney Metro Victoria Cross opening in 2024. The 10-year compound growth rate for North Sydney apartments sits at 4 to 6 percent per annum, in line with Sydney inner-city averages.
For first home buyers, a new off-the-plan 1-bedroom under $800,000 qualifies for full FHBAS stamp duty exemption ($28K saved). North Sydney 1-bedroom stock in this band is limited but exists in newer developments. Combined with the First Home Owner Grant ($10K cash on builds under $750K), eligible first home buyers can reduce upfront costs by $35K to $40K.
Yes. 3-bedroom North Sydney apartments range from $1,600,000 to $2,500,000 in 2026, with premium 3-bedroom apartments and penthouses trading at $2.8M to $4.5M+. Per-square-metre rates for premium stock can reach $20,000 to $28,000, well above the suburb median.
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This article is general information only and does not constitute financial, legal, or property valuation advice. Price, range, and per-square-metre figures are indicative of North Sydney apartment market conditions in May 2026 and will vary by individual property. Always cross-check 3 to 5 comparable recent sales before making purchase or sale decisions. Speak to a licensed real estate professional, valuer, and conveyancer for guidance specific to your purchase. Sources include CoreLogic, NSW Land Registry Services, Australian Bureau of Statistics, Domain Group apartment data, and North Sydney Council.
