Eveleigh NSW 2015: Property Market Report & Real Estate Insights

Part of Sydney, NSW

Eveleigh Real Estate Market Outlook

Thinking about buying in Eveleigh? Now could not be a better time, with just 426 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $49,045,000 with prices in this suburb ranging from $131,000 to $275,019,000. Eveleigh is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Eveleigh

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Eveleigh are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Eveleigh classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Eveleigh necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Eveleigh, located in the vibrant and rapidly developing inner-city area of Sydney, NSW, presents an intriguing landscape in its housing market. The suburb has seen significant growth in recent years, due largely to its strategic positioning near central Sydney and its accessibility to major education and technological hubs, like the University of Sydney and the Australian Technology Park. The housing market here reflects a blend of modern apartment developments and the charm of heritage architecture, catering largely to young professionals, students, and families looking for proximity to the city without the overwhelming hustle. While property values have been on a steady rise, making it a competitive market, the diversity in housing options still provides potential buyers and renters with opportunities to find something suited to their preferences and budgets.

Living in Eveleigh offers a dynamic urban lifestyle, characterized by a rich cultural tapestry and a sense of community engagement. The area is well-known for its connection to the arts and innovation, often hosting events and exhibitions that draw people from across Sydney. Residents enjoy access to green spaces and community parks, such as Victoria Park, which offer a respite from the urban pace. The suburb's infrastructure supports a convenient lifestyle, with efficient public transport options, like Redfern Station, providing easy connections to the rest of Sydney. Café-rich streets and a variety of dining options add to the everyday appeal, making Eveleigh both a lively and comfortable place to call home. Overall, it is a suburb that promises not just convenience, but a rich and fulfilling urban experience.

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