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Revesby suburb profile

Revesby is a vibrant suburb located in the south-west of Sydney, approximately 22km from the CBD. Known for its strong community spirit and family-friendly atmosphere, Revesby offers a mix of residential, commercial, and recreational spaces. The suburb features a bustling shopping precinct with a variety of retail outlets, cafes, and restaurants, catering to diverse tastes. Revesby is well-served by public transport, including a train station on the T8 Airport & South Line, providing easy access to the city and surrounding areas. With its parks, schools, and community facilities, Revesby is an appealing choice for families and professionals seeking a balanced suburban lifestyle.

Revesby property market performance

Revesby's property market has shown robust growth over the past 12 months, with house values increasing by 12.5% and unit values rising by 11.2%. The median house price over the past three months has averaged $1.56 million, while units have averaged $960,000, indicating strong demand across both property types.

Sales activity has been active, with 59 houses and 21 units sold in the past three months. Properties are moving quickly, with houses spending a median of 25 days on the market and units just 22 days, reflecting a competitive market environment.

Revesby's rental market has also experienced growth, with average rents for houses increasing by 6.2% and units by 3.4% over the last 12 months, suggesting a steady demand for rental properties in the area.

Median price - houses$1.57MPast 3 months

Median price - units$980KPast 3 months

Change in value - houses14.1%12 months

Change in value - units5.5%12 months

Houses sold56Past 3 months

Units sold21Past 3 months

Median DOM - houses25Past 12 months

Median DOM - units23Past 12 months

Average rent - houses$865Past 12 months

Average rent - units$620Past 12 months

Change in rent - houses8.1%Past 12 months

Change in rent - units5.1%Past 12 months

Revesby demographics

Revesby, located in the southwestern suburbs of Sydney, is a family-friendly area known for its community-oriented atmosphere and convenient amenities. With a population of 15,268 and a median age of 38, Revesby attracts a mix of families, professionals, and long-term residents who appreciate its suburban charm and accessibility to the city. The suburb's median total household income of $1,844 per week reflects a stable economic environment, appealing to those seeking a balanced lifestyle.

Family life is a significant aspect of Revesby, with 50.4% of households being couple families with children, highlighting its appeal to those raising families. Additionally, 28.2% of households are couple families without children, and 19.7% are one-parent families, indicating a diverse family structure within the community. The presence of various parks, schools, and recreational facilities further enhances its attractiveness to families.

In terms of housing, Revesby offers a mix of ownership and rental options. Approximately 30.1% of properties are owned outright, while 33.0% are owned with a mortgage, reflecting a stable homeownership market. Meanwhile, 36.9% of properties are rented, providing flexibility for those not ready to commit to buying. This balance of ownership and rental opportunities makes Revesby an appealing choice for both long-term residents and newcomers looking for a welcoming community with easy access to Sydney's broader metropolitan area.

Revesby infrastructure, key developments and investment opportunities

Revesby is undergoing significant development that is likely to impact the local property market. The $1 billion redevelopment of Revesby Workers' Club, including a new multi-level car park and supermarket, is enhancing local amenities and accessibility. A major upgrade to Revesby train station has improved public transport, with more express services now available on the T8 airport line.

The suburb's commercial center is expanding, with new retail and dining options being added around Marco Avenue and Selems Parade. These developments, along with Revesby's proximity to Georges River and multiple schools, are likely to increase the area's appeal to families and investors. The ongoing infrastructure improvements position Revesby as an emerging growth suburb in Sydney's southwest region.

Revesby rental market trends

The rental market in Revesby has experienced moderate growth, with house rents increasing 6.2% over the past year to $850 per week, while unit rents have risen 3.4% to $610 per week. With its convenient location and ongoing development, Revesby continues to attract renters and investors seeking stable returns in a well-connected suburb.

Suburbs near Revesby

Some popular suburbs near Revesby include:

Common questions about Revesby

  • Is Revesby a nice place to live?

    Revesby is a delightful suburb that offers a fantastic blend of suburban tranquility and urban convenience, making it a wonderful place to call home. With its charming streets and welcoming atmosphere, Revesby is particularly appealing to families seeking a nurturing environment. The suburb is well-equipped with essential amenities, including a variety of shops, cafes, and restaurants, ensuring that residents have everything they need close at hand. The presence of numerous parks and green spaces provides ample opportunities for outdoor activities and relaxation, adding to the suburb's livability.

    Safety is a priority in Revesby, contributing to its reputation as a secure and family-friendly area. The suburb's strong community spirit fosters a sense of belonging among residents, making it an ideal place for families to settle down. While Revesby may not have the bustling nightlife of Sydney's inner-city areas, it compensates with its peaceful vibe and community-oriented culture. The suburb's proximity to the Georges River offers additional recreational options for those who enjoy water-based activities.

    One trade-off of living in Revesby is that, while it offers excellent public transport links, including a well-serviced train station, the commute to Sydney's CBD can be time-consuming during peak hours. However, the ongoing infrastructure developments, such as the redevelopment of the Revesby Workers' Club and improvements to the train station, are enhancing the suburb's accessibility and appeal. For families and individuals seeking a balanced lifestyle with a strong sense of community, Revesby is a charming choice that continues to grow and evolve.

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  • Is it expensive to live in Revesby?

    Living in Revesby can be quite costly, particularly when it comes to housing. The median house price is currently $1,560,000, and for those considering units, the median price is $960,000. Renting isn't exactly cheap either, with houses averaging $850 per week and units around $610. These figures highlight that the cost of housing in Revesby is on the higher side, especially when compared to other suburbs further from the city.

    When you look at the income data, the average wage in Revesby is approximately $63,000 per year. This is slightly above the average wage in New South Wales, which typically hovers around $60,000 annually. However, even with a slightly higher average income, the high property prices and rental costs mean that a significant portion of one's earnings would be dedicated to housing expenses.

    Overall, while Revesby offers a convenient location and a pleasant lifestyle, the cost of living, particularly in terms of housing, can be quite demanding. If you are thinking of living in Revesby, it's important to carefully consider your financial situation to ensure it aligns with the expenses associated with this suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Revesby a good place to invest?

    Revesby is showing promising signs as a good place to invest, with both house and unit values experiencing significant growth over the past year. The median house value has increased by 12.5%, while units have seen an 11.2% rise. This upward trend indicates strong demand and a healthy property market, making it an attractive option for investors looking for capital growth.

    In addition to property value increases, rental yields in Revesby are also on the rise. House rents have grown by 6.2%, and unit rents have increased by 3.4% over the last 12 months. This suggests a steady demand for rental properties, providing investors with the potential for reliable rental income. The suburb's appeal is likely bolstered by its family-friendly environment and convenient access to amenities and transport links.

    Overall, Revesby offers a balanced investment opportunity with both capital growth and rental income potential. Its recent performance in the property market, coupled with its desirable living conditions, makes it a suburb worth considering for those looking to invest in real estate.

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