Sydney’s Inner West is a vibrant and diverse region with a rich history, bordering the CBD and running alongside the southern side of Port Jackson and Parramatta River, the Inner West offers suburbs for all types of buyers, from young professionals to families, retirees and investors.
We’ll be exploring everything you need to know about Inner West property in Sydney, from the boundary of the region, looking in greater detail at some of the most sought-after locations, and sharing why an Inner West buyers agent can help you with your property hunt.
Where Is The Inner West?
Positioned between the Sydney CBD and the Greater Western Sydney region, Sydney’s Inner West is comprised of local government areas including Burwood, Canada Bay, Canterbury Bankstown, Inner West Council, Strathfield and Sydney.
Glebe and Chippendale border Sydney’s CBD, offering proximity for commuters into the city. Moving further west, Annandale and Leichhardt are vibrant Inner West Sydney suburbs with rich cultural heritage and an abundance of cafes and local shops. Below this area, Dulwich Hill, Marrickville and Newtown attract a younger demographic with creative and artistic spaces, trendy eateries, and lively nightlife. Alongside Port Jackson, suburbs such as Balmain, Concord, Croydon, and Five Dock provide family-friendly environments with spacious parks and recreational facilities, perfect for those who are looking for a more suburban lifestyle. On the western side of the region, Strathfield and Homebush are bustling hubs with an array of amenities for residents.
Inner West Region Guide
There are plenty of Inner West Sydney suburbs to choose from, and whilst we won’t be exploring all of the suburbs, we’ll offer insights into some of the most popular suburbs in the region.
Leichhardt
Renowned for its vibrant Italian heritage and strong community spirit. The suburb boasts a median house price of approximately $1,970,000, reflecting its desirability among families and professionals alike. Over the past 12 months, property values have increased by 5.3%, indicating a steady demand for housing in the area. With a rental yield of 2.6% for houses and 4.1% for units, Leichhardt offers potential investors a solid return on investment. The suburb is known for its leafy streets, excellent schools, and a plethora of dining options, making it an attractive choice for those seeking a blend of urban convenience and suburban charm.
Suburb Stats
- Median house price: $1,970,000
- Past 12-month growth: 5.3%
- Rental yield: 2.6%
- Sold in past 12 months: 148
- Median unit price: $955,000
- Last 12-month growth: 4.6%
- Rental yield: 4.1%
- Sold in past 12 months: 121
Annandale
Annandale is a picturesque suburb that combines heritage architecture with modern living. The median house price here is around $2,262,500, having appreciated by 7.1% over the last year. This growth is supported by the suburb’s proximity to the CBD and its vibrant local community. With a rental yield of 2.5% for houses and 4.0% for units, Annandale presents an appealing opportunity for investors looking to capitalise on the ongoing demand for quality housing in the Inner West. Residents enjoy a variety of parks, cafes, and cultural activities, making it an ideal location for families and young professionals.
Suburb Stats
- Median house price: $2,262,500
- Past 12-month growth: 7.1%
- Rental yield: 2.5%
- Sold in past 12 months: 88
- Median unit price: $940,000
- Past 12-month growth: -24.8%
- Rental yield: 4.0%
- Sold in past 12 months: 67
Lilyfield
Lilyfield is an emerging suburb that has captured the attention of homebuyers and investors alike. With a median house price of $2,352,500 and a modest growth rate of 1.4% over the past year, the suburb remains an attractive option for those seeking spacious homes close to the city. The rental yield in Lilyfield stands at 2.6% for houses and 3.9% for units, providing investors with a reasonable return on their properties. Lilyfield is well-regarded for its parks and recreational facilities, including the popular Bay Run, which attracts fitness enthusiasts and families looking for outdoor activities.
Suburb Stats
- Median house price: $2,352,500
- Past 12-month growth: 1.4%
- Rental yield: 2.6%
- Sold in past 12 months: 72
- Median unit price: $1,690,000
- Past 12-month growth: 24.4%
- Rental yield: 3.9%
- Sold in past 12 months: 15
Balmain
Balmain is synonymous with character and charm, offering residents a unique blend of historical architecture and modern amenities. The median house price in Balmain is approximately $2,662,500, reflecting its status as one of Sydney’s most sought-after suburbs. The past year has seen property values rise by 6.5%, driven by high demand from buyers drawn to its vibrant community atmosphere and waterfront views. With a rental yield of 2.4% for houses and 3.2% for units, Balmain is also appealing to investors looking to secure properties in this highly desirable location.
Suburb Stats
- Median house price: $2,662,500
- Past 12-month growth: 6.5%
- Rental yield: 2.4%
- Sold in past 12 months: 96
- Median unit price: $1,375,000
- Past 12-month growth: 0.4%
- Rental yield: 3.2%
- Sold in past 12 months: 59
Rozelle
Rozelle is a lively suburb that perfectly balances urban living with a relaxed atmosphere. With a median house price of $2,222,500 and a slight increase of 1.0% over the past year, Rozelle remains an attractive option for both families and young professionals. The suburb boasts a rental yield of 2.5% for houses and 3.5% for units, making it a viable investment choice. Known for its eclectic mix of shops, cafes, and markets, Rozelle offers residents plenty of options for leisure and entertainment while maintaining easy access to the CBD.
Suburb Stats
- Median house price: $2,222,500
- Past 12-month growth: 1.0%
- Rental yield: 2.5%
- Sold in past 12 months: 78
- Median unit price: $1,402,500
- Past 12-month growth: 1.8%
- Rental yield: 3.5%
- Sold in past 12 months: 62
Newtown
Newtown is famed for its bohemian vibe and cultural diversity, making it one of Sydney’s most vibrant suburbs. The median house price stands at $1,800,000 with an annual growth rate of 2.7%. Newtown’s rental yield is competitive at 2.8% for houses and 4.2%, attracting investors keen on tapping into the suburb’s popularity. The suburb is known for its eclectic mix of shops, restaurants, and entertainment venues along King Street, as well as its proximity to universities and public transport links that connect residents to the wider city.
Suburb Stats
- Median house price: $1,800,000
- Past 12-month growth: +2.7%
- Rental yield: 2.8%
- Sold in past 12 months: 129
- Median unit price: $808,750
- Past 12-month growth: 10.8%
- Rental yield: 4.2%
- Sold in past 12 months: 108
The Inner West Sydney suburbs offer a range of lifestyle choices and investment opportunities for buyers of all types, from the vibrant streets of Newtown to the leafy avenues of Leichhardt and the historic Balmain each suburb presents unique characteristics. Whilst it can be difficult to get to know each suburb individually, local buyer’s agents can provide insights that can help you find your dream home or next investment in Inner West property.
If you are looking to purchase in Sydney’s Inner West, Rose & Jones buyer’s agents can help. To learn more about how we can help you with our local expertise or how you can get started, get in touch with the team at Rose & Jones.
About Rose & Jones Buyers Agents
Since 1998, Rose & Jones has been assisting clients in finding and purchasing properties across Sydney, South East Queensland, and the Northern Rivers region of New South Wales. Renowned in the residential, commercial, and industrial property sectors, our property experts adhere to the highest standards, ensuring you never have to compromise yours. With access to an extensive network of off-market properties, our team can help you find the perfect property. We also offer property management services and investment advice, making Rose & Jones your premier choice for property in New South Wales and Queensland.
