Suburb Profile Report for Leichhardt NSW (2040)

Leichhardt House: Median price $1,501,000, Annual capital growth 8.45%, Number of sales 167, Weekly median advertised rent $800

Leichhardt Unit: Median price $985,000, Annual capital growth 6.91%, Number of sales 89, Weekly median advertised rent $650

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Leichhardt, 2040 ranked 1128th in NSW when comparing growth in median property values or capital gain over the last 12 months. Leichhardt is one of 3163 in our list for NSW

Across a shorter period, Leichhardt, 2040 has seen a median price increase of -3.16% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Leichhardt, 2040. Typically our figures indicate that -4.92% is being offered, which puts this NSW suburb at 2468th most discounted overall in Australia.

At number 772 in a list of fastest selling suburbs, Leichhardt is in the TOP 30% of suburbs in Australia with an average of days on market 50.52 for properties listed there.

Property investors who have had real estate in Leichhardt, 2040 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.54%

When looking at the potential capital gains offered to property investors over the last 3 years, Leichhardt comes in at number 123th in NSW.

Property investors looking for a bargain in Leichhardt should be aiming for at least -6.36% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Leichhardt being $985000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 3.43%

Information supplied by:


May 2018

M
O

W
E
In the inner west pocket of Sydney, the suburb of Leichhardt recorded the highest level of growth in NSW at 44.5% over the period of February 2017-2018Full summary

Apartments are a hit

Postcode: 2040

Median unit price: $996,250

Three-year growth: 46.0%

Rental yield: 3.3%

In the inner west pocket of Sydney, the suburb of Leichhardt recorded the highest level of growth in NSW at 44.5% over the period of February 2017-2018.

This continues a trend that has been observed since 2013, with an average annual rate of 8.3%. While the broader Sydney market is slowing, demand in this area is evident in the fact that units sell very easily, with properties staying on the market for an average of only 38 days. The median value is relatively high, however, at almost $1m.

Leichhardt is just 5km from the Sydney CBD and is regarded as the city’s “Little Italy.” The Italian Forum emphasises this status, as this architecture evokes a typical Mediterranean town piazza. There are also many restaurants and cafes in the area.

Close
Metrics i HOUSE UNIT
$1,501,000 $985,000
-3.16% -3.81%
-1.74% 15.54%
8.45% 6.91%
$800 $650
167 89
2.77% 3.43%
50.52 49.69

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Leichhardt NSW
Demographics
Total population 13519
Median household income ($/weekly) 1924
Median age of persons 36
Median housing loan repayment ($/monthly) 2817
Average household size 2.3
  • Census Count Percent(%)
    0-4 years 1202 8.9
    25-34 years 2734 20.2
    35-44 years 2938 21.7
    45-54 years 1626 12.0
    55-64 years 1272 9.4
    Others 3748 27.7
    Age Group
    Census Count Percent(%)
    Not Married 4440 44.3
    Registered Married 4035 40.2
    Defacto Relationship 1551 15.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 8789 68.7
    Japan 507 4.0
    Papua New Guinea 433 3.4
    United Kingdom 836 6.5
    Other 724 5.7
    Others 1500 11.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 302 2.5
    Christianity 7079 57.6
    Hinduism 94 0.8
    Islam 128 1.0
    No Religion 4525 36.8
    Others 170 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 596 12.0
    $2,000-$2,499 434 8.7
    $2,500-$2,999 720 14.5
    $3,000-$3,499 448 9.0
    $4,000 or more 539 10.8
    Others 2238 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5455 51.6
    Not in the labour force 2487 23.5
    Employed, worked part-time 1915 18.1
    Employed, away from work 398 3.8
    Unemployed, looking for work 321 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 1418 18.2
    Professionals 2980 38.4
    Technicians & trades workers 600 7.7
    Community & personal service workers 598 7.7
    Clerical & administrative workers 1092 14.1
    Others 1082 13.9
    Occupation
    Census Count Percent(%)
    Pre-school 244 8.8
    Infants/Primary 764 27.5
    Secondary 368 13.3
    Technical or Further Educational Institution 313 11.3
    University or other Tertiary Institutions 959 34.6
    Others 127 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5712 46.1
    Semi-detached, row or terrace house, townhouse 4337 35.0
    Flat, unit or apartment 2237 18.1
    House or flat attached to a shop, office 99 0.8
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2165 40.6
    Being purchased 1907 35.8
    Fully owned 1243 23.3
    Other tenure type 18 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals