Birchgrove is a smaller suburb in New South Wales within the Inner West local government area (postcode 2041). With a population of 3,228, the suburb has a mature demographic with a median age of 46. Households earn a median income of $187K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Birchgrove is $3.2 million, having increased 3.2% over the past year. Units have a median price of $1.3 million (-0.9% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $4,000.
Public transport access includes 4 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, Birchgrove offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($3.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.2x is considered stretched. House prices have moved +3.2% year-on-year.
Birchgrove is a smaller suburb in New South Wales within the Inner West local government area (postcode 2041). With a population of 3,228, the suburb has a mature demographic with a median age of 46. Households earn a median income of $187K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Birchgrove is $3.2 million, having increased 3.2% over the past year. Units have a median price of $1.3 million (-0.9% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $4,000.
Public transport access includes 4 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, Birchgrove offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($3.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.2x is considered stretched. House prices have moved +3.2% year-on-year.