Sydney real estate comes with an expensive price tag, but certain inner-city suburbs still have properties at more competitive rates than others. With housing demand between owner occupiers and investors reaching an all-time high, this list will give you a look into some of the more reasonable home purchases within a 10 km radius of Sydney’s CBD.
Wolli Creek
Located in the south of Sydney, Wolli Creek is roughly 10 km away from Sydney’s CBD and resides along the Cooks River and Wolli Creek waterways. Housing in Wolli Creek consists of a healthy mix of apartments and freestanding houses. It is a highly sought-after suburb because of its proximity to the CBD while remaining in the affordable range for homebuyers. The median house price at Wolli Creek is $710,000.
Sydenham
Positioned in the Inner West just 8 km away from Sydney’s CBD. Sydenham is a well-connected suburb that serves as a junction for three major railway lines on the Sydney network – the Airport, Inner West & South Line, the Illawarra Line and the Bankstown Line. Because of its excellent connectivity throughout the city, Sydenham is a desirable residential suburb. The median price of a home in Sydenham is $807,000.
Tempe
Situated just 9 km away from Sydney’s CBD in the Inner West. Tempe is serviced by the Illawarra Line and has excellent public bus services. This suburb is well connected to the city and airport. Tempe also has a recreational reserve, an indoor sporting complex and an indoor swimming pool – elevating its status as a prime residential suburb. Median house prices in Tempe are $829,000.
Waterloo
With just 4 km separating Waterloo from Sydney’s CBD, this inner city suburb is a prized desire for professionals who want to live close to their workplace. Nearly 80 percent of the residents of this suburb live in units because of its high-density profile and proximity to the city. Waterloo is serviced by Green Square station on the Airport Line, along with public buses. The median price of houses in Waterloo is $760,000.
Beaconsfield
Merely 5 km away from the Sydney CBD, Beaconsfield is a small suburb in the inner city that falls under the City of Sydney local government. The suburb has a beneficial mix of medium to high-density residential zones and is sought after by professionals who desire to live near their offices. Like Waterloo, Beaconsfield is also serviced by Green Square station on the Airport Line. This suburb also has public bus services for excellent connectivity to different parts of the city. The median price of Beaconsfield homes is $810,000.
While these suburbs don’t come cheap by any means, they continue to rank higher on the affordability index, than other suburbs within the same radius from the Sydney CBD. With interest rates at an all-time low, first home buyers, owner occupiers or investors will find high value in these suburbs – either as a residence or as an investment property.