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Despite there being a property crash, prices in certain suburbs are still booming
Median house prices across Sydney have fallen by 8.6 per cent since last year
Housing prices in parts of the city's west have risen by $220,000 in just a year

By Lauren Ferri For Daily Mail Australia

Published: 10:08 EST, 16 November 2018 | Updated: 10:36 EST, 16 November 2018

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Despite there being a Sydney-wide property crash, housing prices in certain suburbs are still booming and first home buyers are urged to purchase quickly to cash in.

Median house prices across the Harbour City have fallen by 8.6 per cent since last year, but suburbs in western Sydney's fringe areas are skyrocketing.

Housing prices in parts of the Hawkesbury region, Blue Mountains and the Macarthur area in Sydney's southwest have risen by $220,000 in just a year.

Despite there being a Sydney-wide property crash, housing prices in certain suburbs are still booming and first home buyers are urged to purchase quickly

Median house prices across the harbour city have fallen by 8.6 per cent since last year, but suburbs in Western Sydney's fringe areas are skyrocketting

In Kurrajong, a suburb in the Hawkesbury region, the median house price surged by 23.2 per cent, realestate.com.au reported.

The average house price rose from $950,000 to the current median of $1.17 million.

New data showed suburbs that saw prices surge more than 15 per cent include SIlverdale and Wilton in the southwest and Glenbrook in the Blue Mountains.

The suburbs are all located 55km from Sydney's CBD and are believed to be surging as the median house price is lower than the rest of the city.

Their lower prices make the suburbs highly popular with buyers, especially first home buyers.

First-time buyers are given the opportunity to access government stamp duty discounts for homes under $800,000, but this causes increased competition from other buyers.

First-time buyers are given the opportunity to access government stamp duty discounts for homes under $800,000, but this causes increased competition from other buyers

Homes in western areas of Sydney are becoming more popular among families, especially those who have seen their borrowing capacity stripped back by banks.

Families have then had to search in Sydney's cheaper outer suburbs rather than middle-ring suburbs closer to the CBD.

Other factors that affect popularity in Sydney's west include the implementation of the new high speed rail line and new airport.

Homes in Western areas of Sydney are becoming more popular among families, especially those who have seen their borrowing capacity stripped back by banks