The 57 suburbs in Sydney where you can still get value for money for an apartment

When it comes to Sydney property, luxury usually comes with an enormous price tag – but it is possible to get resort-style living without breaking the bank.

A 9NEWS investigation can reveal 57 suburbs across Sydney where the median apartment price is below $700,000.

Penrith is the cheapest at $363,000, while Bankstown is also under $500,000.

Meanwhile, in Erskineville – just six kilometres from the city – the median unit price is still below the $700,000 threshold.

New developments of up to $750,000 are attractive to buyers as owners can still be eligible for the first homebuyer’s grant.

Developments of up to $550,000 give the owner exemption concessions on stamp duty, some of which are still available up to $650,000.

THE SYDNEY SUBURBS WITH MEDIAN APARTMENT PRICES BELOW $700,000:

Erskineville: $697,000

Wentworth: $694,000

Brighton-le-sands: $691,000

Potts Point: $691,000

Macquarie Park: $690,000

Gymea: $683,750

Summer Hill: $683,000

Canterbury: $680,000

Ashfield: $673,500

Lidcombe: $665,800

Allawah: $655,000

Rushcutters Bay: $651,000

Waitara: $650,000

Miranda: $647,500

Homebush: $640,000

Hornsby: $638,000

Marrickville: $635,000

Caringbah: $625,000

Gladesville: $620,000

Rockdale: $620,000

Brookvale: $612,475

Homebush: $608,000

Sutherland: $605,000

Carlton: $600,000

Kogarah: $597,000

Meadowbank: $580,000

Parramatta: $580,000

Hillsdale: $576,750

West Ryde: $570,500

Bexley: $570,000

Campsie: $570,000

Mortdale: $569,500

Westmead: $550,000

Penshurst: $542,500

North Parramatta: $542,000

Northmead: $540,000

Auburn: $505,000

Bankstown: $490,000

Rosehill: $483,000

Wentworthville: $475,000

Merrylands: $471,000

Granville: $460,000

Harris Park: $457,750

Guildford: $450,000

Campbelltown: $447,000

Punchbowl: $430,000

Blacktown: $426,500

St Marys: $420,000

Liverpool: $419,950

Croydon Park: $415,000

Wiley Park: $415,000

Cabramatta: $413,000

Fairfield: $410,000

Warwick Farm: $408,750

Lakemba: $395,000

Mount Druitt: $370,000

Penrith: $363,000