Question 1

Is Rosebery a nice place to live?

Accepted Answer

Rosebery is an inner-south Sydney suburb where an industrial past meets modern urban living. Characterful workers' cottages and tree-lined streets sit alongside converted warehouses and contemporary apartments, and that mix attracts young professionals, creatives and growing families. The suburb is home to 13,533 people with a median age of 33, and families make up much of the household mix. Dwellings are slightly more often rented than owner-occupied, with 52.0% rented and 48.0% owner-occupied.

Day-to-day life centres on a neighbourhood rhythm of cafés, eateries, design and light-industrial businesses, plus parks and sporting fields. Rosebery feels well connected to Green Square’s transport and commercial precincts and to major arterial roads linking to the city and the eastern suburbs. Council-led Green Square renewal work is delivering new parks, walking and cycling links, transport improvements and community infrastructure, and the St Joseph’s redevelopment added an early learning centre and expanded primary school. Whether Rosebery suits you comes down to what you want from a suburb.

Question 2

Is it expensive to live in Rosebery?

Accepted Answer

Renting in Rosebery, NSW would take a large share of local incomes at the last Census. A house rent of $1,350 a week is about 59.4% of the median local household's weekly income of $2,274, and a unit rent of $990 a week is about 43.6%. On these figures both rents take a large portion of a typical local household's income, so if you're renting rather than buying that rent share is the number that matters for you.

Buying is also stretched against local incomes. The median house price of $2,060,000 is about 17.4 times a typical local annual household income at the last Census, while the median unit price of $927,500 is about 7.8 times. Both sit well above what a typical local household earned at the last Census, with houses particularly high relative to a local year'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.

Question 3

Is Rosebery a good place to invest?

Accepted Answer

Over the past 12 months house values in Rosebery fell 5.4% while house rents rose 4.7%. Unit values declined a marginal 0.8% and unit rents increased 4.2%. In other words, rental income rose for both property types even as prices eased, so rents were the stronger performer relative to capital values this year. If rental income is your priority, those rent figures are the ones to focus on; if capital growth is what matters, the value declines are the relevant movement. Whether that balance makes Rosebery a suitable investment depends on your individual goals and circumstances.

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	$2.06M	$928K
Change in value Past 12 months	-5.4%	-0.8%
Sold Past 3 months	10	71
Median days on market Past 12 months	60	43
Average rent Past 12 months	$1350	$990
Change in rent Past 12 months	4.7%	4.2%

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