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Rozelle suburb profile

Rozelle is a charming suburb in Sydney's inner west, located just 4km from the CBD, offering a blend of historic charm and modern convenience. Known for its vibrant village atmosphere, Rozelle features a mix of heritage terraces and contemporary homes. The suburb is renowned for its bustling weekend markets, boutique shops, and diverse dining options, making it a popular destination for locals and visitors alike. With its proximity to the scenic waterfront of Iron Cove and excellent public transport links, Rozelle provides a relaxed yet connected lifestyle, appealing to families, professionals, and creatives.

Rozelle property market performance

Rozelle's property market has remained stable over the past 12 months, with no change in median house and unit values. The median house price stands at $2.08 million, while the median unit price is $1.78 million, indicating consistent demand in the area.

Sales activity has been moderate, with 30 houses and 13 units sold in the past 12 months. Houses are selling relatively quickly, with a median of 34 days on the market, compared to 41 days for units, suggesting a slightly stronger demand for houses.

The rental market in Rozelle has seen a notable increase in unit rents, which have risen by 13.3% over the last 12 months, while house rents have remained unchanged. This indicates a growing interest in rental units within the suburb.

Median price - houses$2.08MPast 3 months

Median price - units$1.77MPast 3 months

Change in value - houses-4.3%12 months

Change in value - units-2.4%12 months

Houses sold30Past 3 months

Units sold13Past 3 months

Median DOM - houses33.5Past 12 months

Median DOM - units41Past 12 months

Average rent - houses$890Past 12 months

Average rent - units$850Past 12 months

Change in rent - houses-1.1%Past 12 months

Change in rent - units13.3%Past 12 months

Rozelle demographics

Rozelle, located in Sydney's Inner West, is a charming suburb known for its blend of historic charm and modern convenience. With a population of 8,553, Rozelle offers a vibrant community atmosphere, appealing to families, professionals, and retirees alike. The median age of 40 reflects a mature community, with many residents enjoying the suburb's proximity to the city while maintaining a peaceful, suburban lifestyle.

The suburb's housing landscape is diverse, with a significant portion of properties being owned outright (26.6%) or with a mortgage (33.1%), indicating a stable and established community. However, with 40.4% of properties being rented, Rozelle also attracts those seeking flexibility, including young professionals and families who appreciate the area's amenities and accessibility.

Family life is a cornerstone of Rozelle, with 41.7% of households being couple families with children and 45.2% being couple families without children. This balance highlights Rozelle's appeal to both growing families and those enjoying a quieter lifestyle. The suburb's high median household income of $3,196 per week underscores its status as a desirable location, offering a high quality of life with access to excellent schools, parks, and local businesses. Rozelle's unique blend of community spirit, convenience, and lifestyle makes it a sought-after suburb in Sydney's Inner West.

Rozelle infrastructure, key developments and investment opportunities

Rozelle’s property market continues to benefit from its close proximity to the Sydney CBD and vibrant village atmosphere. Easy access to the Sydney Light Rail at Rozelle station and frequent bus services along Darling Street and Victoria Road enhance local connectivity, making the suburb popular with both professionals and families looking for convenient commutes and lifestyle accessibility[4].

No major new infrastructure or redevelopment projects have been reported recently; however, ongoing improvements to local amenities, bustling weekend markets at Rozelle Public School, and access to quality schools contribute to sustained demand and high property values. With a strong sense of community and continued desirability, Rozelle remains a sought-after location despite the absence of significant immediate infrastructure changes[4].

Rozelle rental market trends

The rental market in Rozelle has shown stability for houses, with rents remaining unchanged at $890 per week over the past year. In contrast, unit rents have experienced a significant increase of 13.3%, reaching $850 per week. This dynamic suggests a growing demand for units, making Rozelle an attractive option for renters seeking vibrant urban living.

Suburbs near Rozelle

Some popular suburbs near Rozelle include:

Common questions about Rozelle

  • Is Rozelle a nice place to live?

    Rozelle is a delightful suburb that offers a wonderful blend of livability and charm, making it a fantastic place to call home. With its vibrant village atmosphere, Rozelle is known for its eclectic mix of heritage terraces and contemporary homes, providing a unique character that appeals to a wide range of residents. The suburb's proximity to the scenic waterfront of Iron Cove and its excellent public transport links ensure that residents enjoy both a relaxed lifestyle and easy access to the bustling Sydney CBD.

    Families will find Rozelle particularly appealing due to its strong community spirit and access to excellent schools and parks. The suburb's lively weekend markets and diverse dining options provide plenty of opportunities for family outings and social gatherings. While Rozelle may not offer the nightlife of inner-city areas, its boutique shops and cafes create a cozy and welcoming vibe that suits those seeking a quieter, yet connected lifestyle.

    One trade-off of living in Rozelle is the high property values, which reflect its desirability and proximity to the city. However, the suburb's established community and stable housing landscape offer a sense of security and belonging. Safety is generally not a concern, making it an ideal place for families and professionals alike. Overall, Rozelle's unique blend of historic charm, modern convenience, and community spirit make it a truly nice place to live.

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  • Is it expensive to live in Rozelle?

    Living in Rozelle can be quite pricey, especially when you consider the property market. The current median house price is a hefty $2,082,500, while units aren't much cheaper at $1,775,000. Renting isn't exactly a bargain either, with houses averaging $890 per week and units around $850. This places Rozelle on the higher end of the spectrum when it comes to living expenses in the area.

    When we look at income, the average wage in Rozelle is about $74,000 per year, while the median weekly household income is $3,196. Comparing this to the broader Sydney average salary of around $85,000, Rozelle's income levels are slightly lower, yet the property prices remain high. This means that a significant chunk of income would likely go towards housing costs, making it a more expensive suburb to reside in.

    Overall, if you're thinking of living in Rozelle, it's essential to consider the financial implications. While the suburb offers a desirable lifestyle with its proximity to the city and charming atmosphere, the cost of living, particularly in terms of housing, is on the higher side. It's important to evaluate your budget to ensure it aligns with the expenses associated with living in this vibrant 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 Rozelle a good place to invest?

    Rozelle presents a unique investment opportunity, particularly for those interested in the rental market. While the median house and unit values have remained stable over the past year, the rental market for units has experienced a significant boost, with a 13.3% increase in rent. This suggests a growing demand for rental properties, especially units, which could be appealing for investors looking for strong rental yields.

    The suburb's charm lies in its vibrant community atmosphere and proximity to the city, making it a desirable location for young professionals and families alike. The stability in property values indicates a resilient market, which can be attractive for investors seeking a less volatile investment. While capital growth has been flat, the rental market's performance suggests potential for steady income, particularly from units.

    Overall, Rozelle offers a balanced investment landscape. The combination of stable property values and rising rental demand, especially for units, makes it a promising option for those looking to invest in a suburb with a strong rental market and a solid community vibe. It's a place where investors can expect consistent rental returns while enjoying the benefits of a sought-after location.

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