The Inner West of Sydney is a popular area for real estate investment with diverse suburbs and significant development. New apartment buildings are on the rise, driven by strong demand for high-density living options. There’s also a renewed focus on preserving heritage properties, leading to a growing market for renovated homes in Balmain, Annandale, and Leichhardt.
Mixed-use developments that combine residential, commercial, and retail spaces have become more popular in the Inner West. These provide a convenient one-stop-shop for residents with shopping, dining, and entertainment options all available in one location. Examples include the Tramsheds in Glebe and the Marrickville Metro Shopping Centre.
Co-living spaces have also gained popularity among young professionals and students in the Inner West. They offer shared living areas and communal facilities such as kitchens and laundry rooms, along with private bedrooms. Examples include The Commune in Camperdown and Stucco in Newtown.
Real Estate Development
The Inner West has received a lot of investment in recent years, especially in transport like the light rail and the WestConnex motorway. This has made the area more appealing to investors and led to growth in real estate prices.
Property prices in the Inner West have surged recently, especially in areas like Balmain, Annandale, and Newtown. This is due to high demand for property and limited new housing supply.
The real estate market in the Inner West of Sydney has seen significant growth in recent years, with a focus on apartment living, heritage properties, mixed-use developments, co-living spaces, infrastructure investment, and strong price growth. It is expected to continue evolving in the coming years.