Suburb Profile Report for Sydenham NSW (2044)

Sydenham House: Median price $975,000, Annual capital growth 8.32%, Number of sales 11, Weekly median advertised rent $620

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Property value increases in Sydenham have tracked close to the NSW average of 8.99% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Sydenham comes in at number 579th in NSW.

A $620 per week rent on the median house gives suburb investors a gross yield of circa 3.31%, without taking into account capital value appreciation, which has been averaging out at 8.32%.

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Sydenham is on the fringes of Sydney’s inner west, 6km from the CBD and sandwiched between Marrickville and St Peters. It's been somewhat overlooked until recently, and has been described as an 'inbetween' suburb – neither true inner west nor a more established residential suburb like Tempe. The high proportion of commercial property also put off prospective buyers. Full summary

Sydenham is on the fringes of Sydney’s inner west, 6km from the CBD and sandwiched between Marrickville and St Peters. It's been somewhat overlooked until recently, and has been described as an 'inbetween' suburb – neither true inner west nor a more established residential suburb like Tempe. The high proportion of commercial property also put off prospective buyers.

However, as prices in the inner west increase, buyers are increasingly taking more notice of suburbs like Sydenham and neighbour St Peters. First, it’s within easy reach of the CBD via direct train and bus, and the plentiful amenities of Newtown are only a short bus or cycle ride away too. It’s also well positioned for airport access: noise from landing planes may be an issue in some streets, though.

Within Sydenham, there is a small group of shops is located around the intersection of Unwins Bridge Road and Railway Road. Marrickvile Metro shopping centre is also within easy reach. Residents are typically young professionals, and the average weekly income is well above the NSW average – suggesting an affluent population. The area's population is also growing rapidly: the population of the wider Marrickville region increased by around 3,000 people between 2005 and 2009.

House prices compare favourably to neighbouring suburbs, such as Tempe. Rents are comparable to more expensive suburbs too, and the vacancy rate is low.

Short-term growth may be limited: however, in the longer term, prices should benefit from the ripple effect and ongoing gentrification of the ‘outer’ inner west suburbs.

Close
HOUSE UNIT
$975,000 N/A
-2.11% N/A
9.55% N/A
8.32% N/A
$620 N/A
11 N/A
3.31% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 1020
Median household income ($/weekly) 1423
Median age of persons 37
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    20-24 years 100 9.8
    25-34 years 225 22.0
    35-44 years 174 17.0
    45-54 years 126 12.3
    55-64 years 134 13.1
    Others 262 25.7
    Age Group
    Census Count Percent(%)
    Not Married 460 56.2
    Registered Married 280 34.2
    Defacto Relationship 78 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 535 57.2
    Croatia 38 4.1
    United Kingdom 38 4.1
    Viet Nam 39 4.2
    Other 116 12.4
    Others 169 18.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 115 12.6
    Christianity 483 52.8
    Hinduism 44 4.8
    Islam 28 3.1
    No Religion 240 26.3
    Others 4 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 34 9.9
    $1,250-$1,499 31 9.1
    $1,500-$1,999 40 11.7
    $2,000-$2,499 39 11.4
    $2,500-$2,999 37 10.8
    Others 161 47.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 377 44.6
    Not in the labour force 230 27.2
    Employed, worked part-time 170 20.1
    Unemployed, looking for work 37 4.4
    Employed, away from work 32 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 69 12.0
    Professionals 127 22.0
    Technicians & trades workers 75 13.0
    Community & personal service workers 58 10.1
    Clerical & administrative workers 94 16.3
    Others 153 26.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 32 15.6
    Secondary 35 17.1
    Technical or Further Educational Institution 34 16.6
    University or other Tertiary Institutions 72 35.1
    Other type of educational institution 23 11.2
    Others 9 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 434 47.0
    Semi-detached, row or terrace house, townhouse 428 46.4
    Flat, unit or apartment 61 6.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 152 41.4
    Fully owned 106 28.9
    Rented 103 28.1
    Other tenure type 6 1.6
    Tenure Type
Census 2011, ABS
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