10 Most Affordable Suburbs in North Sydney for First Home Buyers (2025)
Buying your first home doesn’t mean giving up on location or convenience. The affordable suburbs in North Sydney tend to offer great value for money, especially in the form of compact houses, older freestanding homes, or low-maintenance units.
These suburbs appeal to singles, couples, young families, and even downsizers looking to live close to the CBD while keeping their mortgage manageable.
If you're planning to buy in one of these areas, the expert team at Mortgage Brokers Northern Beaches can guide you through the entire loan process. From comparing lenders to understanding your eligibility, our brokers ensure you get a home loan tailored to your needs. Working with a mortgage broker saves time, cuts stress, and helps you access the best deals available.
Let’s explore the top suburbs offering both house and unit prices under $800K in 2025!
Best Budget-Friendly Suburbs Near North Sydney
1. Asquith
Asquith is a hidden gem just north of Hornsby, offering unbeatable value for money. It’s connected by train to the city and surrounded by national parks, ideal for buyers wanting space without the price tag. Local amenities include schools, shops, and sporting facilities.
- Median house price: $790,000
- Median unit price: $695,000
- Weekly rent: $500
- Infrastructure development: Station upgrades and improved road links to Hornsby
2. Mount Colah
Mount Colah offers a leafy, residential setting with excellent public transport and a laid-back lifestyle. It's perfect for first-home buyers looking for a family-friendly suburb with great access to both nature and the North Shore train line. Local shops, schools, and playgrounds add to its appeal for young families entering the property market.
- Median house price: $780,000
- Median unit price: $690,000
- Weekly rent: $480
- Infrastructure development: New local shopping precinct and school improvements
Check out low-deposit options for first-home buyers in this guide here.
3. Hornsby
Hornsby remains one of the most practical and affordable suburbs for commuters. It’s a commercial hub with Westfield, transport connections, and abundant green spaces. Units and even some houses remain within reach for budget-conscious buyers. Its mix of retail, recreation, and reliable public transport makes it a top pick for first-home buyers looking for convenience and value.
- Median house price: $795,000
- Median unit price: $720,000
- Weekly rent: $510
- Infrastructure development: Hornsby Hospital expansion and CBD redevelopment
4. Waitara
Waitara is known for its high-rise apartments and proximity to Hornsby Westfield and transport. Ideal for professionals and couples, it's walkable, well-connected, and continues to attract buyers due to its affordability. Parks, local cafes, and quality schools nearby also make it a great option for young families entering the market.
- Median house price: $780,000
- Median unit price: $685,000
- Weekly rent: $520
- Infrastructure development: Residential development growth and new green spaces
Learn how to get your first home buyer grant in Sydney here.
5. Thornleigh
Thornleigh sits just two train stops from Hornsby and has a growing reputation among first-home buyers. With great local schools, parks, and family-friendly cafes, it’s a suburb that offers both affordability and community feel. Its blend of older homes and newer apartment developments provides a range of entry-level options for buyers on a budget.
- Median house price: $795,000
- Median unit price: $730,000
- Weekly rent: $500
- Infrastructure development: Rail improvements and new residential precincts
Need Help Choosing the Right Loan for an Affordable North Shore Suburb?
Our North Sydney mortgage brokers make loan selection easy by comparing over 30+ lenders to find what fits your budget and goals. We’re here to guide you through every financing option. Call 0403 316 686 or visit www.mortgagebrokersnorthernbeaches.com.au to get started today.
6. Normanhurst
Nestled between Thornleigh and Hornsby, Normanhurst combines old-school charm with modern convenience. The suburb offers older houses and low-rise units well within budget for most first-time buyers. Its quiet streets, strong school catchments, and easy train access make it a smart choice for young families and professionals alike.
- Median house price: $790,000
- Median unit price: $715,000
- Weekly rent: $495
- Infrastructure development: Road safety upgrades and school investment
Wondering how to refinance once you buy? Find out how in our guide here.
7. Berowra
Berowra provides a tranquil lifestyle with strong transport access via the T1 train line. It’s ideal for buyers who prefer a more relaxed pace but still want easy access to the city. Units and homes here remain relatively affordable in 2025. Surrounded by national parks and bushwalking trails, it's especially appealing to nature-loving first-home buyers.
- Median house price: $765,000
- Median unit price: $700,000
- Weekly rent: $480
- Infrastructure development: Foreshore protection and community facility upgrades
8. Berowra Heights
Similar to Berowra but with slightly newer housing stock, Berowra Heights is popular with families and outdoor lovers. It’s an attractive pick for those who don’t mind a slightly longer commute in exchange for homeownership under $800K. With good local schools, village-style shops, and a strong community vibe, it’s a great fit for young families entering the market.
- Median house price: $770,000
- Median unit price: $690,000
- Weekly rent: $490
- Infrastructure development: New shopping village and public space investments
9. West Ryde
West Ryde is right on the edge of affordability, but there are still older homes and units that fall below the $800K mark. It’s extremely well-connected by train and bus and has a buzzing multicultural community. Its mix of vintage houses, mid-rise apartments, and local amenities makes it appealing for first-home buyers wanting location and lifestyle on a budget.
- Median house price: $799,000
(entry-level older stock)
- Median unit price: $750,000
- Weekly rent: $530
- Infrastructure development: Ryde precinct upgrades and metro rail planning
Want to understand split loan benefits? Find out more here.
10. Riverwood
Though technically in southern Sydney, Riverwood is a realistic commuter suburb for buyers working in North Sydney via the Bankstown or T8 lines. It offers a mix of freestanding homes, duplexes, and affordable apartment blocks. It's growing town centre, upgraded transport links, and entry-level prices make it a strong contender for budget-conscious first-home buyers.
- Median house price: $780,000
- Median unit price: $720,000
- Weekly rent: $510
- Infrastructure development: Metro line expansion and Riverwood town centre revitalisation
Sources: Realestate.com.au, Domain, NSW Government, SQM Research. Please note that property prices tend to fluctuate over time; hence, it’s always best to consult with a real estate agent for the latest market values.
First-Home Buyer in North Sydney? Let’s Simplify Your Home Loan Journey.
Getting into one of the cheaper suburbs in North Sydney doesn't have to be overwhelming. Our experienced North Sydney mortgage brokers walk you through the full application process, from pre-approval to settlement, with personalised advice and zero guesswork.
Reach out now at 0403 316 686 or head towww.mortgagebrokersnorthernbeaches.com.au to book a free consultation.
FAQs
Can I really buy a house in North Sydney for under $800K?
Yes. In select suburbs further north like Asquith or Berowra, some freestanding homes still fall under this price point.
Are these suburbs within easy commute to North Sydney?
Absolutely. Most are connected via the T1 North Shore Line or other direct transport routes.
Are units or houses a better option for first-home buyers in these areas?
Units tend to offer more stock at this price point, but there are still older houses and townhouses under $800K too.
What’s the benefit of using a mortgage broker instead of going to my bank?
Brokers give you access to multiple lenders, better rates, and unbiased advice tailored to your goals.
Do these suburbs qualify for the First Home Owner Grant?
Many do. Your broker can confirm based on your budget and property type.
Can I buy with a low deposit in these suburbs?
Yes. Low deposit home loans are available for eligible buyers.
Is it better to rent or buy in North Sydney?
It depends on your goals. You can weigh the pros and cons here.
Are mortgage brokers free to use in Australia?
Yes, most mortgage brokers are paid by the lender, not the buyer, so their services are generally free.
How long does pre-approval take in North Sydney?
Pre-approval can take a few days to a week depending on your situation. Learn more here.
Final Thoughts on the Most Affordable Suburbs in North Sydney
If you're feeling priced out of the typical North Shore market, these affordable suburbs in North Sydney and surrounding commuter zones offer real hope for first-home buyers. With both houses and units available under $800K, suburbs like Asquith, Berowra, and Hornsby prove that value still exists — if you know where to look.
Not sure which loan is best for your situation? Our expert team at Mortgage Brokers Northern Beaches is here to help. As trusted North Sydney mortgage brokers, we’ll guide you through loan comparisons, approvals, and budgeting advice tailored just for first-home buyers. Let’s get you into your first home faster and smarter.
Call us on
0403 316 686 or visit www.mortgagebrokersnorthernbeaches.com.au to book a free chat today.
