Why Sydney’s Inner West Is Still Booming

glebe point road

Stretching from Chippendale through to the Strathfield business district, the Inner West is one of the oldest regions of Sydney.

Today it’s home to some of the most multicultural residents of Sydney, as well as stylish up and coming suburbs like Ashfield, Newtown, Glebe, Balmain, Marrickville, Dulwich Hill and Leichhardt.

After consistent growth over the past two years there is still no sign the property market is slowing down. Currently the median house price is around $1.24 million, with units at $663,500 and a year on year growth of 12.5%.

With interest rate cuts, 82.2% auction clearance rates, more transport options and plans for further infrastructure developments, growth is predicted to continue through 2015.

As property growth continues to soar, it is important that if you are buying a property that you are getting what you pay for.

Book a building and pest inspection to ensure that the condition of the prospective property is up to scratch and won’t end up costing you more.

Read R&W’s 10 Reasons Why Sydney’s Inner West Is Still Booming.

Photo by Nicolas Boullosa