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

Rozelle is an inner-west Sydney suburb on the Balmain peninsula beside Rozelle Bay and Iron Cove, framed by waterside reserves and parkland. Its streets mix Victorian and Federation terraces with converted warehouses and newer apartments, giving a blend of heritage character and contemporary living. The suburb has a village atmosphere with a compact retail strip, cafes, pubs and weekend markets on the old rail yards, and its foreshore walks and parks draw families and people who enjoy outdoor city-fringe living. Regular buses and the nearby Anzac Bridge make the city readily accessible.

Rozelle is home to 8,553 people with a median age of 40, and families are dominated by couples: couple families without children 45.2% and couple families with children 41.7%, together roughly nine in ten families. Homes are more often owner-occupied than rented, with 59.7% owned outright or with a mortgage and 40.4% rented. Several large public projects are shaping the area, including the Rozelle Interchange, a Sydney Metro West station at The Bays and precinct renewal around White Bay; local plans cover Rozelle Parklands and Easton Park and Rozelle Public School has had restoration and rebuild works. Whether Rozelle suits you depends on what you want from waterside, city-fringe living.

On these figures, buying in Rozelle sits well above what a typical local household earned at the last Census. A median house price of $2,712,500 works out to about 16.3 times a typical local annual household income at the last Census, and the median unit price of $1,405,000 is about 8.5 times that annual income, so purchase prices are a long way above local household incomes recorded at the last Census.

Renting looks less stretched by comparison. A house rent of $1,150 a week would take roughly 36.0% of a typical local household's weekly income at the last Census, a sizeable share, while a unit rent of $800 a week would take about 25.0%, a moderate share. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past year Rozelle's houses and units moved in opposite directions. Median house values climbed 10.4% while house rents jumped 15.0%, so rental income from houses increased faster than their values did over the year. By contrast, median unit values fell sharply, down 13.0%, while unit rents rose a modest 3.2%.

For someone weighing Rozelle as an investment, the figures show houses delivered both notable capital growth and stronger rental growth this year, while units experienced a large fall in value despite only modest rent gains. Which of those outcomes matters more to you — capital growth or rental income — will depend on your own 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.