Question 1

Is Haberfield a nice place to live?

Accepted Answer

Haberfield feels like a planned garden suburb, with many streets of early 20th-century Federation houses, wide tree-lined verges and small front gardens. The neighbourhood centres on a compact shopping strip of cafes, bakeries and long-standing Italian restaurants that reflect its Italian heritage, while parks and local sports fields provide green space for weekend activity.

The community of 6,480 people is popular with families and professionals, with a median age of 46 and a high rate of owner-occupation (about 82.5%). Regular buses and easy road links make the city and neighbouring centres readily accessible. Council projects are underway at Richard Murden Reserve, including an inclusive playground under construction and upgrades to amenities and courts, and planning supports expanded community facilities and consideration for State Heritage Register listing. Whether Haberfield suits you will come down to what you value: period homes, village-scale shopping and nearby green space.

Question 2

Is it expensive to live in Haberfield?

Accepted Answer

Buying in Haberfield sits well above local incomes at the last Census. The median house price of $3,125,000 is about 21.8 times a typical local annual household income at the last Census. Looking at weekly cashflow, a house rent of $1,250 a week would take roughly 45% of a typical local household's weekly income at the last Census, while a unit at $650 a week would take about 24%. On these figures, renting, and particularly renting a unit, looks the more manageable side of the market compared with buying, but whether that feels expensive depends on your own circumstances.

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

Question 3

Is Haberfield a good place to invest?

Accepted Answer

Over the past year house rents in Haberfield rose a solid 8.7% while house values increased a modest 3.0%, so the rent a house earns has grown faster than its price. Unit rents also moved, rising a modest 3.2%, and house rents outpaced unit rents over the year. For someone weighing Haberfield as an investment, those figures separate capital growth (the value change) from rental income (the rent change) and show which part has been the stronger performer this year. Whether that pattern fits your goals and circumstances is for you to decide.

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.

	Houses	Units
Median price Past 3 months	$3.13M	N/A
Change in value Past 12 months	3.0%	N/A
Sold Past 3 months	15	1
Median days on market Past 12 months	52	N/A
Average rent Past 12 months	$1250	$650
Change in rent Past 12 months	8.7%	3.2%

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