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

Leichhardt is an inner-west Sydney suburb centred on Norton Street, a lively dining and shopping strip reflecting its strong Italian heritage with cafés, trattorias and independent retailers. Tree-lined streets of Victorian terraces and federation cottages sit alongside low-rise apartments, creating a close-knit, village feel that attracts long-term locals, young professionals and families. Small parks and sporting fields and regular community events sit near the main strip, and frequent buses make the city and other inner west suburbs easily accessible while keeping a relaxed, street-side lifestyle.

About 15,158 people live in Leichhardt, with a median age of 37 and a median household income of $2,673 a week. Families dominate, with couple families making up just over eight in ten of all families, and owner-occupation is more common than renting. Council projects under way include staged work at the aquatic centre with a new splash pad and further pool facilities planned, upgrades to Leichhardt Oval, a new cycle connection along Dot Lane and a Norton Street place plan; council has also identified some land as potential sites for social and affordable housing. Whether that suits you depends on what you want from a suburb.

Buying in Leichhardt looks particularly stretched against local incomes at the last Census: the median house price of $2,100,000 is about 15.1 times a typical local annual household income, and the median unit price of $859,000 is about 6.2 times. For renters, a house at $995 a week would take roughly 37.2% of a typical local household's weekly income at the last Census, while a unit at $693 a week would take about 25.9%. On these figures, buying sits well above what households earned at the last Census, and renting would take a sizeable share for houses and a moderate share for units; 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.

The clearest split in Leichhardt over the past 12 months is between capital and rental movements. House values climbed 7.8% while house rents edged up 0.5%. Unit values rose 0.9% and unit rents grew a solid 5.0%.

Put another way, houses have shown the stronger capital growth this year, while units have delivered the stronger rental growth. Which of those matters more will depend on whether you are prioritising price appreciation or rental income.

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.