One of Sydney's neighbourhoods with the most unique character is the Inner West. The Inner West is a neighbourhood of cosmopolitan professionals, young adults, and established families. It is known for its rich culture, history, vitality, and plenty of good restaurants and bars.
Several of Sydney's most renowned academic institutions, including the University of Sydney, the Australian Catholic University, and the University of Technology, are located in Inner West Sydney. As a result, there are many students living in several neighbourhoods of Inner West Sydney. A number of prestigious private and state secondary schools are located in the Inner West.
The Historical Background of Inner West
Leichhardt, Ashfield, and Marrickville councils were combined to become the Inner West Council. The rich history of 27 inner city suburbs makes up the unique history of the inner west. We accept that the Gadigal and Wangal peoples of the Eora nation were the original owners of this territory.
The region is truly home to a history of a dynamic social, political, architectural, and environmental history, from the working harbour of industrial Balmain to Leichhardt on the outskirts of the city to the rural outpost of Marrickville, to the garden suburb of Haberfield, and the eclectic suburb of Ashfield. It is a region where the urban landscape is undergoing tremendous development.
Many neighbourhoods, including Marrickville, Petersham, St. Peters, Annandale, Haberfield, and Balmain, were built on estates and villa grounds with stately homes and expansive orchards. The primary construction of the suburbs where we live and work today was influenced by the increase in housing demand in the 1870s and 1880s.
The development of the Inner West suburbs involved significant landowners, architects, and developers. Between 1861 and 1891, 61,630 permanent homes were built in Sydney, including Haberfield, Australia's first fully planned "garden suburb," and the model township of Annandale. If you want to look into Annandale real estate, then it's a great idea!
The Inner West exhibits history and elegance with a variety of home styles, rich architectural character, and lush green parks and sports facilities. The Inner West region currently has 185,000 residents spread across 36 square kilometres.
What is it Like to Live Inner West?
The Inner West is well known for its beautiful terrace homes, especially in Newtown, Macdonaldtown, and Enmore. Not to mention the amazing doors in Balmain! To preserve the area's current appeal, however, a number of new structures are sprouting up across the neighbourhood that attempts to imitate the terrace design.
Additionally, there is limited room for growth, so apartments and townhouses are the best options. Because of this, the majority of the homes in this neighbourhood are on the smaller side. If you want to grow your family, you won't find many backyards and rec rooms in suburbs like like Newtown and Enmore.
Hangout Spots in the Inner West
Every cuisine imaginable may be found in Sydney's Inner West, which is a thriving centre of multiculturalism and open-mindedness. Would you want some vegan fare? Start at Green Gourmet on King Street in Newtown or Suzy Spoon's Vegetarian Butcher. We promise that nobody will notice that tofu is being served, not even meat eaters.
Take them to Glebe's Flying Fajita Sisters for some authentic Mexican chicken if they do decide to consume imitation meat.
You should visit The Potting Shed in Alexandria if you're looking for love. Take the train or bus to Leichhardt and dine at any of the restaurants there to experience the taste of Italy. If you're having trouble deciding, Aperitivo is a great choice.
Inner West's Entertainment District
Living in the Inner West will never get old, especially if you're close to Newtown. The best bars, restaurants, and performances at the Enmore Theatre are all at your disposal every day of the week.
There are further markets: Newtown has the annual Newtown Festival in November, as well as a sporadic bric-a-brac market on Saturdays. For foodies, there are organic food markets in Marrickville, while Glebe markets are a fashionista's paradise.
Exploring the Inner West
If you reside in the Inner West as an individual or as a couple, you might be able to get by without a car. In addition to reliable, frequent buses, there are railroads that go to every suburb. Up to Martin Place, the 423, L23, and 426 buses travel through Marrickville, Enmore, and Newtown. The 352, which travels from Marrickville to Bondi Junction, also stops throughout all of Sydney's Eastern Suburbs.
Be prepared for heavy traffic if you own a car and want to purchase a home in Sydney's Inner West, primarily along Stanmore Road and King Street.
Safety and Security in the Inner West
Sydney residents are understandably leery about locations close to the CBD. However, since the implementation of lockout legislation, there has been a huge fall in crime. Because lockout restrictions do not apply in the region, some believe that alcohol-related crimes in Newtown have grown by 18%. According to the NSW Bureau of Crime Statistics and Research (BOCSAR), lockout laws haven't caused a rise in crime or a decline in crime.
The districts with the highest frequency of non-domestic assault, according to BOCSAR's map from April 2015 to March 2016, include Newtown, Camperdown, Glebe, and the streets near Sydney Park. Leichhardt, Haberfield, Annandale, and Lilyfield are at a lesser risk, while Marrickville, Petersham, Enmore, and Tempe have rates that are significantly lower but still among the highest in Sydney.
Why Should I Make Real Estate Investments in Inner West
The first thing you should consider if you want to start investing in real estate in Inner West is whether it is even a good option for you.
Simply put, property investing is better for novice investors than stock market investing. You don't need to have a deep understanding of real estate to invest because it is pretty easy to understand and you can complete your due research before making a purchase.
Make Choices on Your Investment Plan
Decide on your real estate investment strategy first. Some people may choose to acquire a home and stay in it for a while, waiting or renting it out as the value increases over time.
Be Updated
You should educate yourself on price alterations and patterns in the Inner West districts before you begin investing in real estate.
Be mindful of any alterations to the neighbourhood over time, such as any proposed developments or upgrades to the transportation system.
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