Real Estate

Things to Consider When Buying a Property in Inner West

Looking for a property in Inner West? The Inner West not only provides convenient access to Sydney’s CBD, but it also offers an urban lifestyle merging a community spirit and different cultures from Europe and around the world. Inner West combines lively street atmospheres with a welcoming community spirit. And since it’s centrally located, it also gives convenient mode of transportations all over the city. 

If you’re looking for houses for sale inner west, you may want to do your research first to make sure that you don’t make any regrets and get the house that suits your needs. Buying a house anywhere is never easy, so here’s your guide to buying a home in the Inner West. 

List of Areas the Inner West Covers

The areas it covers include a lineup of suburbs that extend from the Balmain Peninsula nearby to the CBD as far as Strathfield and Homebush and approximately cover the following local government areas: 

Sydney, Opera House during daytime

  • Municipality of Burwood
  • City of Sydney 
  • City of Canada Bay 
  • Inner West Council 
  • Municipality of Strathfield 

Research About the Neighbourhoods

If you don’t know it yet, Inner West Sydney comprises about 54 suburbs stretching from Glebe to Homebush and down to Tempe. Covering a huge area with a population of over 200,000 people, every neighbourhood is amazingly diverse. While several suburbs continue to experience gentrification, others preserve heritage listed properties and local village shops. 

The result of your investment property will differ because it depends on which suburb you want to purchase in. The estimate of how much rental earnings property brings every year as a percentage of property’s market price, or rental capitulate will also differ based on the suburb. 

Look at the Public Transport and Other Features 

Although housing prices around the inner west often reflect the suburbs proximity to the CBD, this matter is something important that you have to consider when buying an investment property. Those who rent also has easy access to public transport or highways so they can sprint across Sydney with ease. 

Areas That Have the Most Sought-After Locations 

There are various housing types in the Inner West from units to studios to warehouse conversion to Federation houses; from terraces and semis to waterfronts; from grand Victorian mansions to Californian bungalows. The region has worldwide appeal. 

For instance, if you’re a young professional, most likely you would want to live close to great public transport services including shuttles, buses, and even ferries. Central Station is linked through Light Rail to Pyrmont, Annandale, Lilyfield, and Glebe. New stations are also available in different suburbs such as Haberfield, Lewisham, Dulwich Hill, and Leichhardt. 

Meanwhile, families are fascinated by the brilliance of amazing local public schools of which the most renowned such as Rozelle, Birchgrove, Leichhardt, North Annandale, Drummoyne and Summer Hill. 

Know and Familiarise Yourself With Inner West Sydney Lifestyle 

The main reason why the Inner West is such a charming option to a lot of owner-occupiers and tenants is its lifestyle. With its forever trendy area combined with housing from big detached mansions to terrace houses and medium-density apartment living, the Inner West provides rich options of properties for the selective buyer. 

The Inner West blends the calm and quiet of Sydney’s outer suburbs and is medium with closeness to the centre of Australia’s largest city, with the entire amenities and employment luck that it offers. This combination appeals to both families and young professionals who want an escape from the hustle and bustle of the Harbour and don’t want to sacrifice their children’s education or their career chances. 

Factors to Look For When Buying a House or Property

white sectional couch beside white wooden table

If you don’t know the area that much, we suggest that you do enough research to familiarize yourself with the neighbourhood. Otherwise, you might end up losing a huge amount of money due to any figure of environmental and local factors that can influence the value of your property. Here are the factors you must consider: 

  • WestConnex, such as smokestacks and tunnels 
  • The flight path 
  • The Western Harbour Tunnel proposal 
  • Spots earmarked for high-rise developments 
  • Boarding houses
  • Government housing 
  • Industrial areas

Make sure you decide well about your requirements and don’t rush when looking for the most appropriate property for you. You need to be patient and wise about it because this is a huge investment. Never buy out of frustration because you might end up with a second-class property at a premium price. You don’t want that to happen, right? 

Look for a real estate agent who’s familiar already with the neighbourhood to help you. A professional agent will consider your personal circumstance and preference to make sure that you get the most suitable property for your needs. So before you buy a home in the Inner West, do your research first and make sure that the area and the property you choose is the most suited to your needs and requirements. 

Please do share this article if you find it helpful. Good luck with finding your house in Inner West!

Photos:

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