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Liverpool is a vibrant and dynamic suburb that offers a delightful blend of urban convenience and suburban charm. Known for its cultural diversity and rich history, Liverpool is a fantastic place to live for families and professionals alike. The suburb boasts a lively atmosphere with a strong sense of community, making it a welcoming environment for people from all walks of life. With a variety of dining options, shopping centers, and recreational facilities, there is always something to do in Liverpool, ensuring that residents can enjoy a balanced lifestyle.

Families will find Liverpool particularly appealing due to its excellent amenities, including schools, hospitals, and parks, which cater to the needs of both young and old. The suburb's well-connected public transport system, featuring a major train station and bus services, provides easy access to Sydney's CBD and other parts of the city, making commuting a breeze. Safety is generally not a major concern, though, as with any bustling area, it's always wise to stay vigilant, especially at night.

While Liverpool offers many advantages, there are some trade-offs to consider. The ongoing developments and infrastructure projects, such as the Liverpool Health and Academic Precinct expansion and the Liverpool Civic Place development, promise to enhance the suburb's appeal but may also lead to increased property demand and prices. Additionally, the bustling nature of the suburb might not suit those seeking a quieter lifestyle. However, for those who appreciate a lively community with plenty of amenities and opportunities, Liverpool is a wonderful place to call home.

Living in Liverpool can be quite a financial commitment, especially when considering the current property market. The median house price is around $1,205,000, which is quite substantial compared to many other areas. If you're looking at units, they are relatively more affordable, with a median price of $493,500. Renting in Liverpool isn't exactly cheap either, with houses averaging $600 per week and units at about $520 weekly. These figures suggest that housing costs, whether buying or renting, take up a significant portion of income.

When we look at the income side of things, the average wage in Liverpool is approximately $92,000 per year, which is fairly competitive. However, when you compare this to the median total household income weekly of $1,303, it becomes clear that a large chunk of earnings would go towards housing expenses. In contrast, the average salary in Sydney is around $85,000 per year, which means Liverpool's average is slightly higher, but not by a wide margin. This makes Liverpool a relatively expensive place to live, especially for those earning around the average wage. It's essential to carefully consider your financial situation if you're thinking of living in Liverpool, as the costs associated with housing can be quite high.

Liverpool is showing promising signs as a potential investment hotspot. Over the past year, the suburb has experienced a notable 10.5% increase in median house values, indicating a strong demand for property in the area. While the growth in unit values has been more modest at 2.1%, the rental market for units has seen a significant surge, with rents climbing by 15.6%. This suggests a rising interest in rental properties, particularly units, which could be appealing for investors looking for rental income.

The rental market for houses in Liverpool has also been robust, with a 9.1% increase in rents over the last year. This steady rise in rental prices reflects a healthy demand for housing, making it an attractive option for investors seeking consistent rental returns. Liverpool's strategic location, with its accessibility to major transport links and amenities, further enhances its appeal as a desirable place to live and invest.

Overall, Liverpool presents a balanced investment opportunity with both capital growth and rental income potential. The suburb's recent performance in both the housing and rental markets suggests a positive outlook for future growth, making it a worthwhile consideration for investors looking to tap into the Sydney property market.