Petersham is a mid-sized suburb in New South Wales within the Inner West local government area (postcode 2049). With a population of 8,200, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $115K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Petersham is $2.7 million, having surged 18.4% over the past year. Units have a median price of $783,000 (-12.3% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,900.
Petersham is served by 4 schools, including 2 primary, 2 secondary. The average ICSEA score is 1147, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 23 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, Petersham offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.5x is considered stretched. House prices have moved +18.4% year-on-year.
Petersham is a mid-sized suburb in New South Wales within the Inner West local government area (postcode 2049). With a population of 8,200, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $115K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Petersham is $2.7 million, having surged 18.4% over the past year. Units have a median price of $783,000 (-12.3% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,900.
Petersham is served by 4 schools, including 2 primary, 2 secondary. The average ICSEA score is 1147, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 23 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, Petersham offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.5x is considered stretched. House prices have moved +18.4% year-on-year.