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Rozelle suburb profile

Rozelle is a charming suburb located just 4km west of Sydney's CBD, known for its vibrant community and rich history. Nestled on the Balmain Peninsula, Rozelle offers a blend of heritage architecture and modern living, with a variety of cafes, boutiques, and galleries lining its streets. The suburb is famous for the Rozelle Markets, a popular weekend destination for vintage finds and artisanal goods. With its proximity to the city, excellent public transport options, and scenic waterfront views, Rozelle attracts professionals, families, and creatives seeking a lively yet relaxed urban lifestyle.

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 $2.15 million, while the median unit price is $1.79 million. This stability reflects a balanced demand for both property types in the area.

Sales activity has been moderate, with 47 houses and 16 units sold in the past 12 months. Houses are selling slightly faster than units, with a median of 31 days on the market compared to 34 days for units, indicating a steady interest in both sectors.

The rental market in Rozelle has shown some movement, with unit rents increasing by 10% over the last 12 months, while house rents have remained unchanged. This suggests a growing demand for rental units in the suburb.

Median price - houses$2.18MPast 3 months

Median price - units$1.87MPast 3 months

Change in value - houses-3.4%12 months

Change in value - units-0.4%12 months

Houses sold40Past 3 months

Units sold16Past 3 months

Median DOM - houses33.5Past 12 months

Median DOM - units35.5Past 12 months

Average rent - houses$890Past 12 months

Average rent - units$825Past 12 months

Change in rent - houses-1.1%Past 12 months

Change in rent - units10.0%Past 12 months

Rozelle demographics

Rozelle, nestled 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 and a median age of 40, Rozelle attracts a diverse mix of families, professionals, and long-term residents who appreciate its village-like atmosphere and proximity to the city. The suburb's vibrant community is reflected in its bustling markets, cafes, and local events, making it a lively place to live.

The suburb's housing landscape is varied, 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 appeals to those seeking flexibility, including young professionals and families. The suburb's family-friendly nature is evident, with 41.7% of households being couple families with children, complemented by a substantial 45.2% of couple families without children.

Rozelle's appeal is further enhanced by its strong sense of community and excellent amenities, including parks, schools, and easy access to public transport. The suburb's high median household income of $3,196 per week reflects its affluent demographic, while its mix of heritage homes and modern developments offers something for everyone. Whether you're drawn by its community spirit, convenient location, or vibrant lifestyle, Rozelle is a suburb that offers a unique blend of urban living and suburban charm.

Rozelle infrastructure, key developments and investment opportunities

Rozelle is undergoing significant transformation with the WestConnex Rozelle Interchange project nearing completion. This major infrastructure development aims to improve traffic flow and connectivity in the area. The project includes new green spaces and pedestrian/cycle paths, enhancing local amenities. Additionally, the revitalization of the former White Bay Power Station site is progressing, with plans for a technology and innovation hub that could boost local employment opportunities.

The suburb is also seeing increased residential development, with several new apartment complexes being constructed or planned, particularly near the waterfront areas. These developments are likely to increase housing supply and potentially impact property values. Rozelle's proximity to the CBD, coupled with its village atmosphere and ongoing infrastructure improvements, continues to make it an attractive location for homebuyers and investors.

Rozelle rental market trends

The rental market in Rozelle has shown stability for houses, with rents remaining unchanged at $895 per week over the past year. In contrast, unit rents have experienced a 10% increase, reaching $825 per week. This dynamic suggests a growing demand for units, making Rozelle an attractive option for renters and investors seeking opportunities in a vibrant suburb.

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 unique blend of urban convenience and suburban charm, making it a wonderful place to live. Situated just a short distance from Sydney's bustling CBD, Rozelle provides residents with the perfect balance of city access and a peaceful, community-oriented lifestyle. The suburb is known for its vibrant atmosphere, with a rich tapestry of cultural and historical elements that create a welcoming environment for families and individuals alike. Its streets are lined with an array of cafes, boutiques, and galleries, offering plenty of opportunities for leisurely exploration and social interaction.

    Families will find Rozelle particularly appealing due to its excellent amenities, including parks and schools, which contribute to a family-friendly environment. The suburb's strong community spirit is evident in its local events and markets, providing a lively and engaging lifestyle. Safety is generally not a major concern, and the suburb's proximity to the city ensures that residents have easy access to a wide range of amenities and services. However, living in Rozelle does come with some trade-offs. The ongoing infrastructure developments, such as the WestConnex Rozelle Interchange project, may lead to temporary disruptions, but they promise to enhance connectivity and local amenities in the long run.

    While Rozelle offers a vibrant and convenient lifestyle, the increased residential development and proximity to the city can lead to higher property prices, which might be a consideration for potential homebuyers. Despite these trade-offs, Rozelle remains an attractive suburb for those seeking a lively, community-focused environment with the benefits of urban living. Whether you're a family looking for a supportive community or a professional seeking a convenient location, Rozelle offers a charming and dynamic place to call home.

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  • Is it expensive to live in Rozelle?

    Living in Rozelle can be quite pricey, especially when you consider the current property market. The median house price in Rozelle is around $2,150,000, while units aren't far behind at $1,787,500. If you're thinking of renting, houses average about $895 per week, and units are slightly cheaper at $825 per week. These figures suggest that housing in Rozelle demands a significant financial commitment.

    When we look at the income side of things, the average wage in Rozelle is approximately $124,000 per year, which is higher than the average income in many parts of Sydney. The median total household income weekly is $3,196, indicating that residents generally have a strong earning capacity. However, even with these higher incomes, the cost of housing in Rozelle still takes up a considerable portion of one's earnings.

    Overall, Rozelle offers a desirable lifestyle with its proximity to the city and charming local amenities, but this comes with a hefty price tag. If you're thinking of living in Rozelle, it's important to weigh the benefits of the location against the substantial costs associated with housing in 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 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 suburb has seen a significant 10% increase in rent for units. This indicates a strong demand for rental properties, especially units, which could provide a reliable income stream for investors.

    The suburb's stability in property values suggests a resilient market, which can be appealing for investors looking for a less volatile investment. Rozelle's charm lies in its proximity to the city, vibrant community, and a lifestyle that attracts both young professionals and families. These factors contribute to a steady demand for housing, ensuring that properties remain desirable.

    Overall, Rozelle offers a balanced investment environment. While capital growth may not be immediate, the potential for strong rental returns, particularly from units, makes it an attractive option for those seeking consistent rental income. The suburb's enduring appeal and strategic location further enhance its investment potential.

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