Things are changing in Sydney’s Inner West. Traditionally a working class area, over the last few decades it has become one of the city’s most desirable regions. However, this increased popularity has not come at the cost of the local character.
In fact, the diversity of the Inner West is a big part of its newfound appeal. Young professionals and young families alike are drawn to the area’s unique mix of entertainment, culture, education, and amenity. This, combined with the easy access to the CBD and great transport links, has made it a prime urban lifestyle location.
The Inner West was originally made up of multiple smaller “villages”. This focus on local living can still be seen today, with shopping strips and community hubs dotted throughout the area. This gives different parts of the region distinctly different vibes.
Whether you are looking for family-friendly streets, a thriving café scene, or buzzing nightlife, you will find it in the Inner West. Add to this the comparatively low median property prices, and it is easy to see why this area is so popular with investors. However, with such a wide array of options available, it is crucial you do your research before deciding to invest.
Luke and Julian each have over 20 years of property investment experience.
Thanks to the vibrant lifestyle and range of shopping, dining and drinking options, renters love many parts of the Inner West. At the same time, median property prices are generally lower than other areas a similar distance from the city. This means that there are plenty of great opportunities in this area for investors.
Many suburbs in the Inner West also feature a great range of properties. Depending on the area, local stock could range from large, renovated terrace houses to smaller apartments of varying ages. This is great for investors as it means you should be able to find a property that suits your budget.
The strong focus on local living in the Inner West means that this is quite a diverse area. The property market often reflects this, with conditions sometimes varying wildly over relatively short distances. This means that, while great investments can usually be found right across the area, some locations provide better opportunities. For example:
If you are considering investing in the Inner West property market, an experienced buyers agent will be able to help you pick the perfect area. They should also help you to refine your search criteria and make sure the numbers stack up. This support can be particularly invaluable if you are new to property investment.
At Search Party Property, we work with investors of all experience levels. We specialise in helping our clients grow their property portfolios quickly, through our structured investment approach. We also work with our clients to develop a tailored investment strategy, based on their individual circumstances and goals.
As we aim to make property investment more accessible to a wider range of people, knowledge sharing is important to us. We take the time to explain the investment process, our research techniques, and our property selection criteria. We also gather market data from multiple sources and will share this with you to help further inform your decision making.
Best of all, you do not need to be a property expert – or even have a great interest in the industry. Our passion is finding great investment opportunities, so we look after all of the research and identification work for you. As such, all you really need is an appetite to generate wealth and secure your financial future. For more information on our buyers advocate service, contact the Search Party Property team today.