Inner West of Sydney is one of Sydney's most character-filled neighbourhoods. The Inner West, with its rich culture, history, energy, and plenty of fine restaurants and bars, is a community of cosmopolitan professionals, young adults, and mature families.
Inner West Sydney is home to several of Sydney's most well-known academic institutions, including the University of Sydney, the Australian Catholic University, and the University of Technology. As a result, some areas of Inner West Sydney have a high student population. The Inner West also has several highly regarded private and public secondary schools.
The Inner West is home to several tertiary institutions, including the University of Sydney in Camperdown on the eastern end and a major campus of the Australian Catholic University and the Catholic Institute of Sydney in Strathfield on the western end. Tertiary students make up a sizable proportion of the population, both in the areas surrounding these institutions and, in the suburbs, further out that are well connected to educational institutions via public transportation.
Embrace the countless opportunities that arise as Inner West Sydney, Australia, acquires properties, solidifying its position as a highly desirable neighbourhood. This vibrant and diverse region offers a truly captivating lifestyle, brimming with cultural richness and a fascinating history. Food enthusiasts and social butterflies alike are drawn to the Inner West's exceptional array of elegant restaurants and bars, creating a haven for culinary exploration and socialising. The neighbourhood's dynamic makeup of urban professionals, young adults, and established families contributes to its vibrant and thriving atmosphere. Furthermore, the presence of prestigious educational institutions such as the University of Sydney and the Australian Catholic University enhances the appeal of the Inner West, attracting students and fostering an intellectually stimulating environment.
From renowned secondary schools to higher education options, the Inner West caters to families seeking exceptional educational opportunities. With convenient access to these esteemed institutions through efficient public transportation, the Inner West stands out as a convenient and highly desirable choice. Overall, this exceptional neighbourhood offers residents a diverse and captivating community, boasting a vibrant cultural scene, educational excellence, and a lively social environment that is second to none.
What Is It Like to Live There?
Real Estate in the Inner West
The Inner West, particularly Newtown, Macdonaldtown, and Enmore, is widely renowned for its lovely terrace residences. Not to mention Balmain's magnificent doors! However, several new buildings are springing up around the neighbourhood that seek to emulate the terrace style to maintain the region's current appeal.
There's also the reality that there isn't much area for expansion, so apartments and townhouses are the way to go. As a result, many of the properties in this neighbourhood are on the tiny side. Suburbs like Newtown and Enmore will not have a large supply of backyards and rumpus rooms if you intend to expand your family.
Places to Hang Out in the Inner West
Sydney's Inner West, being a bustling hub of multiculturalism and open-mindedness, is home to every cuisine imaginable. Do you want some vegan food? Suzy Spoon's vegetarian butcher or Green Gourmet on King Street in Newtown are good places to start. We guarantee that no one, not even meat lovers, would suspect that tofu is being served.
If they do get into the mock meat, take them to Glebe's Flying Fajita Sisters for some good old Mexican chicken.
If you're looking for love, go to The Potting Shed in Alexandria. To enjoy the flavour of Italy, take the train or bus to Leichhardt and enjoy any of the restaurants there. If you can't decide, Aperitivo is an excellent option.
Entertainment Area in the Inner West
Life in the Inner West will never be boring, especially if you live within walking distance of Newtown. You'll have your pick of week-round activities, from the greatest pubs and restaurants to shows at the Enmore Theatre.
There are additional markets: Newtown has a random bric-a-brac market on Saturdays, as well as the yearly Newtown Festival in November. Marrickville also has organic food markets for the foodies, while Glebe markets are a fashionista's dream.
Touring Around the Inner West
If you live in the Inner West as a single or as a couple, you might be able to get by without a car. There are trains to every suburb, as well as buses that run often and reliably. The 423, L23 and 426 buses run through Marrickville, Enmore and Newtown, all the way up to Martin Place. There's also the 352 Marrickville to Bondi Junction bus, which runs throughout Sydney's Eastern Suburbs.
If you own a car and decide to buy a house in Sydney's Inner West, be prepared for considerable traffic, especially along Stanmore Road and King Street.
Safety in the Inner West
Sydney residents are frequently wary of places near the CBD and for good reasons. However, after the implementation of lockout legislation, there has been a dramatic decrease in crime. Because lockout regulations do not apply in the region, some claim that alcohol-related crimes in Newtown have increased by 18%. The NSW Bureau of Crime Statistics and Research (BOCSAR) reports that there has been no rising or lower trend that can be ascribed to lockout regulations.
According to BOCSAR's map from April 2015 to March 2016, the areas with the greatest incidence of non-domestic assault include Newtown, Camperdown, Glebe, and the streets around Sydney Park. Marrickville, Petersham, Enmore, and Tempe have much lower rates, although they are still among the highest in Sydney, whilst Leichhardt, Haberfield, Annandale, and Lilyfield are on the safe side. North Strathfield, located in Sydney's outer Inner West, is one of the safest suburbs in the area.
(Data Source: https://mortgageguy.com.au/)
A Beginner's Guide to Property Investment in Inner West
Why Should You Invest in Real Estate?
If you want to get into property investment in Inner West, the first question you should ask is whether it is even a good idea for you.
Simply put, unlike investing in the stock market, property investing is ideal for first-time investors. It is relatively simple to understand, and as long as you do your due diligence when purchasing, you do not need an in-depth understanding of property to invest.
Make Decisions on Your Investment Strategy
First and foremost, decide on your property investment strategy. Some people's strategy may simply be to purchase a property and hold it for an extended period of time, waiting or renting it out as it appreciates over time.
If you want to start investing in real estate in Inner West, you should first learn about price trends and fluctuations in the areas where you want to invest.
Be aware of any changes in the area over time, such as improvements to transportation infrastructure or any planned developments.
Can a mortgage broker assist me in getting pre-approval for a home loan in the Inner West of Sydney?
Yes. Zippy Financial can certainly assist you in obtaining pre-approval for a home loan in the Inner West of Sydney. Our experienced mortgage brokers are well-versed in the pre-approval process and can guide you through the necessary steps. We will work closely with you to understand your financial situation and help you gather the required documentation. With our extensive network of lenders, we can find the most suitable loan options for your needs and assist you in securing pre-approval, giving you the confidence to move forwards with your property search in the Inner West of Sydney.
What steps can a mortgage broker help me take to improve my chances of loan approval if I have been rejected by a bank?
If you have been rejected by a bank for a home loan, working with a mortgage broker like Zippy Financial can significantly improve your chances of loan approval. Our experienced brokers have access to a wide network of lenders and can analyse your financial situation to identify the reasons for the rejection. We can then guide you through the necessary steps to improve your eligibility, such as optimising your credit score, addressing any outstanding debts, and providing alternative documentation if needed. With our expertise and personalised approach, we strive to find suitable loan options and present your application in the best possible light to increase your chances of loan approval.
What steps can I take to improve my chances of loan approval as a first-time buyer?
As a first-time buyer, there are several steps you can take to enhance your chances of loan approval. Zippy Financial can guide you through this process. Firstly, we recommend reviewing and improving your credit score by paying bills on time and reducing existing debts. Secondly, saving for a larger down payment can strengthen your application. Thirdly, organising your financial documents, such as income statements and bank statements, in advance can streamline the application process. Lastly, working with a mortgage broker like Zippy Financial can provide valuable insights, access to a wide range of lenders, and expert guidance to help you navigate the complexities of the loan approval process.
Do you need help securing a loan? Get in touch with Zippy Financial today!
Zippy Financial is an award-winning in Inner West specialising in home loans, property investment, commercial lending, and vehicle & asset finance. Whether you are looking to buy your first home, refinance or build your property investment portfolio, the team at Zippy Financial can help find and secure the right loan for you and your business.
Comparison Rate calculated on a secured loan amount of $150,000 for a term of 25 years. WARNING: This Comparison Rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different Comparison Rate. Fees and Charges Apply. Terms and Conditions are available on request.