Sydenham is a small locality in New South Wales within the Inner West local government area (postcode 2044). The area has roughly 1,100 residents and a mix of families and early-career residents, with a median age of 36. Households earn a median income of $117K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Sydenham is $1.7 million, having risen by 4% over the past year. Units have a median price of $605,000 (-5.5% YoY). The current median weekly rent is $990. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,817.
Public transport access includes 1 rail station, 2 bus stops. The crime rate in the Inner West LGA is below average at 2,883 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.0%, which reads as moderate yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 14.5x is considered stretched. House prices have moved +4.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.