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Newtown, NSW 2042 Review

30.5L (6500 per sq ft)
Rent: 15000
Overview
Demand/Popularity 100%
Crime Index 1%
School Rating Primary/Secondary
Price Trend 1% (in last 6 months)

Rental reforms are currently taking place across the country and Victoria is leading the way, making it easier for tenants to have pets, longer leases and easier applications with 1form. However, it’s still good to know what you can and can’t do in your rental... more

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Joshua

Joshua

Newtown
Homes in Sydney’s inner west and northern beaches have become Australia’s most fiercely contested properties as a record listings slump turns the heat on buyers. The regions together accounted for six of the nation’s 10 most competitive suburbs to buy property over the past three months, measured by the extent demand outweighed supply. The increased competition put the squeeze on buyers, forcing them to increase their price offers to beat out rival home seekers. The inner west median property price surged 16 per cent over the past year, while on the northern beaches the increase was 13 per cent, representing rises of more than $100,000 in what were already some of the country’s most expensive markets. Inner west hub Newtown was the nation’s most in demand suburb to buy a house, while northern beaches enclave Collaroy was the top draw for unit buyers. Listings in these areas were down more than a quarter from last year while the number of buyers actively for looking homes tripled, according to the realestate.com.au data. The buyer surge followed three interest rate cuts late last year, with the Reserve Bank of Australia announcing another cash rate cut earlier this week. Other increasingly popular suburbs – and where buyers were scrambling for a depleted pool of properties – were Stanmore, Annandale and Lilyfield in the inner west and Beacon Hill and North Narrabeen on the northern beaches. Read more:x Australia’s most popular suburbs: Newtown and Co... A once working class suburb now famed for its cafes and bar scene has become Australia’s most in-demand suburb for house buyers, with a Sydney beach suburb the top choice of unit buyers. www.realestate.com.au
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