Get a property report and suburb profile for any property in Annandale

Annandale sits on a peninsula between Rozelle Bay and Johnstons Creek and has a strong period character, with Victorian terraces, Federation homes and tree-lined streets. A compact village along Johnston Street supplies cafes, pubs and small shops, and nearby foreshore parks and walking routes give easy access to the water. It appeals to a mix of long-term locals, young families and professionals; the community is about 9,500 people with a median age of 38 and a typical household weekly income of $2,683.

Regular bus services and nearby transport links make getting to the city straightforward, and homes are more often owner-occupied (57.5%) than rented (42.5%). The suburb is also the focus of a major state-led redevelopment at the former WestConnex dive site, proposing around 577 homes including build-to-rent apartments, and there has been recent investment in a widened bridge, creek naturalisation and new shared paths, alongside a draft local traffic management plan. Whether that mix suits you depends on what you want from a suburb.

Buying in Annandale sits well above what a typical local household earned at the last Census. A median house price of $2,525,000 is about 18.1 times a typical local annual household income at the last Census, while the median unit price of $825,000 is about 5.9 times that annual income.

Renting shows a clearer split. A house rent of $1,150 a week would take about 42.9% of a typical local household's weekly income at the last Census, a large share, whereas a unit rent of $600 a week would take about 22.4%, a moderate share. On these figures, renting a unit looks more manageable against local incomes at the last Census, while buying, especially a house, sits much higher relative to those incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Annandale showed a clear split between price and rent movements over the past 12 months. Median house values rose 9.3% and unit values rose 7.1%, both solid increases, while house rents increased 4.5% (a modest rise) and unit rents rose 9.1% (a solid rise).

For someone weighing Annandale as an investment, that means houses produced stronger capital growth this year while units delivered the stronger rental-income gain. Which of those outcomes matters to you depends on whether you prioritise capital growth or rental income and on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.