Annandale is a mid-sized suburb in New South Wales within the Inner West local government area (postcode 2038). With a population of 9,487, the suburb has an established demographic with a median age of 38. Households earn a median income of $140K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Annandale is $2.8 million, having surged 16% over the past year. Units have a median price of $970,000 (-7.6% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,467.
Annandale is served by 4 schools, including 3 primary, 1 special. The average ICSEA score is 1120, which is well above the national average of 1,000. Public transport access includes 1 tram stop, 17 bus stops. The crime rate in the Inner West LGA is below average at 2,844 incidents per 100,000 population.
From an investment perspective, Annandale offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.0x is considered stretched. House prices have moved +16.0% year-on-year.
Annandale is a mid-sized suburb in New South Wales within the Inner West local government area (postcode 2038). With a population of 9,487, the suburb has an established demographic with a median age of 38. Households earn a median income of $140K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Annandale is $2.8 million, having surged 16% over the past year. Units have a median price of $970,000 (-7.6% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,467.
Annandale is served by 4 schools, including 3 primary, 1 special. The average ICSEA score is 1120, which is well above the national average of 1,000. Public transport access includes 1 tram stop, 17 bus stops. The crime rate in the Inner West LGA is below average at 2,844 incidents per 100,000 population.
From an investment perspective, Annandale offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.0x is considered stretched. House prices have moved +16.0% year-on-year.