All About Tempe, Inner West , NSW 2044

Tempe Real Estate Market Outlook

Thinking about buying in Tempe? Now could not be a better time, with 1746 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,785,000 with prices in this suburb ranging from $459,000 to $8,491,000. Tempe is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Tempe driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Tempe are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Tempe provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Tempe to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

The housing market in Tempe, a suburb located in the Inner West of Sydney, NSW, reflects a blend of historical charm and modern appeal, making it an intriguing location for both prospective homeowners and investors. Over recent years, Tempe has seen a steady increase in property values, driven by its proximity to the Sydney central business district and the gentrification trends characteristic of the Inner West. This suburb offers a mix of housing options, from older, historic homes to more modern apartments and townhouses, catering to a diverse demographic. Competitive prices are often observed due to the limited land availability and the high demand typical of this desirable area. Buyers are particularly attracted to Tempe's position within a vibrant community, with access to excellent public transport links, including Tempe and Sydenham train stations, and major roads, which make commuting convenient.

Living in Tempe provides residents with a unique blend of inner-city convenience and suburban tranquility. The area is known for its strong sense of community and cultural diversity, with a variety of restaurants, cafes, and shops that contribute to its lively atmosphere. For nature enthusiasts, Tempe offers numerous recreational spaces such as the Cooks River and its surrounding parklands, which are perfect for outdoor activities like jogging, cycling, and picnicking. Families are also well-catered for, with a selection of reputable schools and childcare facilities nearby. The suburb's community spirit is highlighted through local events and markets that bring neighbors together. While it is close to the hustle and bustle of central Sydney, Tempe retains a relaxed, friendly vibe, making it an attractive place to live for those seeking the best of both worlds.

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