Cabarita has clocked in as the most expensive suburb in Sydney’s Inner West.
This year the median house price rose 47.9 per cent to $2.44 million according to CoreLogic RP Data.
This beautiful Inner West Bayside suburb beat out other reputable suburbs like Balmain East, Chiswick and Strathfield where the median house price is valued at $2 million.
Ben Horwood from LJ Hooker Concord said, “It’s a very boutique suburb,” he said. “There are not many properties and it’s surrounded by water and a new development at Breakfast Point. It’s quickly become one of the pinnacles of the inner west.”
Other suburbs in the Inner West which recorded strong growth were Abbortsford, Chiswick, Concord West and Liberty Grove.
In regards to apartments, Rozelle showed the strongest growth followed by Concord West, Rhodes, Croydon and Concord.
As many of these suburbs steadily grow in value, so does the age of the properties within. If you are looking to buy within Sydney’s Inner West, make sure you check the condition of the property before purchasing.
Arrange a building & pest inspection and one of our friendly inspectors will provide a comprehensive report so that you know exactly what you are buying.
Photo by Chris Betcher