Is Annandale a nice place to live?

Annandale is an inner-west Sydney suburb centred on Johnston Street's village strip of cafes, pubs and shops. It sits among Victorian terraces and Federation homes under plane trees. Residents have incomes above the NSW median and couples with children make up 44.4% of families in Annandale. Everyday amenity includes leafy parks and riverside walks by Johnstons Bay, local sporting grounds, community halls, frequent bus routes and access to Inner West train services. A shared pedestrian and cycle path along Johnstons Creek was under construction as part of the Parramatta Road Urban Amenity Improvement Program.

Is it expensive to live in Annandale?

A typical local household earned about $2,683 a week at the most recent Census. On current figures, a median house in Annandale at $2,291,250 works out to about 16.4 times a typical local annual household income, and a median unit at $910,000 is about 6.5 times that annual income. Looking at rents, a house rent of $1,100 a week would take about 41% of that weekly household income, which is a large share, while a unit rent of $620 a week would take about 23%, a moderate share. On the figures, buying in Annandale sits well above local incomes, and renting a house would also use a large portion of a typical local household's income. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Annandale a good place to invest?

What stands out in Annandale is the contrast between unit rents and unit values, with unit rents jumping 12.7% over the last 12 months while unit values edged up 0.6%. Houses show a different pattern: house values rose a solid 5.9% while house rents rose slightly, by 1.4%, so capital growth outpaced rental income for houses whereas rental income grew much faster than values for units. 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.

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Annandale suburb profile

Annandale is an inner-west Sydney suburb set on a peninsula near Rozelle Bay and Sydney Harbour, a short drive from the city. Tree-lined streets of Victorian terraces and freestanding Federation homes cluster around a narrow village strip on Johnston Street, where cafes, pubs and independent shops sit beneath mature plane trees.

The suburb has leafy parks and riverside walks by Johnstons Bay, local sporting grounds and community halls. Well served by frequent buses and within reach of Inner West train services, Annandale's built character is defined by its terraces, a few sandstone cottages and sympathetic apartment conversions that fit into the historic streetscape.

Annandale property market performance

Current median dwelling price$1,600,625Past 3 months

Property growth+3.2%Past 12 months

Annandale's median house price is $2.29 million, up 5.9% over 12 months, a notable rise, while the median unit price is $910,000, up 0.6% over 12 months, a slight rise. House values rose more strongly than unit values over the year. Units sold in a shorter time, with a median of 31 days compared with 44 for houses.

In Annandale, unit rents rose sharply over 12 months and outpaced unit values.

	Houses	Units
Median price Past 3 months	$2.29M	$910K
Change in value Past 12 months	5.9%	0.6%
Sold Past 3 months	30	12
Median days on market Past 12 months	44	31
Average rent Past 12 months	$1100	$620
Change in rent Past 12 months	1.4%	12.7%

5 year median price trend for houses and units

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Annandale demographics

Annandale is a community with incomes above the median for NSW.

Couples with children make up 44.4% of families, while couples without children make up 42.5%. At the 2021 Census, 9,487 people lived in Annandale.

Annandale and NSW

	Suburb	NSW
Median age years	38	39
Median household income weekly	$2,683	$1,829
Couples with children share of families	44.4%	44.7%
Couples without children share of families	42.5%	37.9%
One-parent families share of families	11.4%	15.8%
Homes owned outright share of homes	26.2%	32.6%
Homes with a mortgage share of homes	31.3%	33.6%
Homes rented share of homes	42.5%	33.7%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Annandale infrastructure, key developments and investment opportunities

Annandale is affected by the Rozelle Interchange, the final stage of the WestConnex motorway, which opened to traffic in 2023 and freed up space for a new 10-hectare regional park. The suburb is also included in the Parramatta Road Urban Amenity Improvement Program: a shared pedestrian and cycle path along Johnstons Creek (Wigram Road to Chester Street) was under construction by 2022 as part of that program.

Annandale Town Hall and Community Centre is listed for refurbishment and was shown in council capital works as being in planning for June 2025.

Suburbs near Annandale

Some popular suburbs near Annandale include:

How does Annandale compare to nearby suburbs?

Median house prices: Annandale’s median house price is 15.1% higher than Leichhardt’s.
Median unit prices: Annandale’s median unit price is 7.6% higher than Camperdown’s.
House price growth: Over the past 12 months, house prices in Annandale have grown 3.8% higher than in Forest Lodge.
Unit price growth: Property prices in nearby Camperdown have risen 1.1% more than in Annandale over the past year.
Selling speed for houses: Properties in Annandale are selling 15.4% faster than in Stanmore.
Selling speed for units: Properties in Annandale are selling 24.4% faster than in Camperdown.
Investment considerations: In Annandale, the rental yield for house is 19.2% higher than the Sydney average, while the rental yield for units is 21.5% lower.
House price growth: Over the past 12 months, house prices in Annandale have grown 21.9% higher than the average rate of growth across Sydney.
Unit price growth:Over the past 12 months, unit prices in Annandale have grown 0.8% lower than the average rate of growth for units across Sydney.

Common questions about Annandale

Is Annandale a nice place to live?
Annandale is an inner-west Sydney suburb centred on Johnston Street's village strip of cafes, pubs and shops. It sits among Victorian terraces and Federation homes under plane trees.

Residents have incomes above the NSW median and couples with children make up 44.4% of families in Annandale. Everyday amenity includes leafy parks and riverside walks by Johnstons Bay, local sporting grounds, community halls, frequent bus routes and access to Inner West train services. A shared pedestrian and cycle path along Johnstons Creek was under construction as part of the Parramatta Road Urban Amenity Improvement Program.
Is it expensive to live in Annandale?
A typical local household earned about $2,683 a week at the most recent Census. On current figures, a median house in Annandale at $2,291,250 works out to about 16.4 times a typical local annual household income, and a median unit at $910,000 is about 6.5 times that annual income.

Looking at rents, a house rent of $1,100 a week would take about 41% of that weekly household income, which is a large share, while a unit rent of $620 a week would take about 23%, a moderate share. On the figures, buying in Annandale sits well above local incomes, and renting a house would also use a large portion of a typical local household's income.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Annandale a good place to invest?
What stands out in Annandale is the contrast between unit rents and unit values, with unit rents jumping 12.7% over the last 12 months while unit values edged up 0.6%. Houses show a different pattern: house values rose a solid 5.9% while house rents rose slightly, by 1.4%, so capital growth outpaced rental income for houses whereas rental income grew much faster than values for units.

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.

Choose the right real estate agents in Annandale

Currently, there are 63 real estate agents working in Annandale—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 63 agents sold 37.7% of all properties in Annandale over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Annandale typically charge a commission of 1.66% to 2.15%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.