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St Peters suburb profile

St Peters is a vibrant inner-west suburb of Sydney, located approximately 7km from the CBD. Known for its industrial heritage and artistic flair, the suburb has undergone significant transformation, blending old-world charm with modern urban living. St Peters is home to Sydney Park, a sprawling green space offering recreational facilities and scenic walking trails. The suburb's creative energy is evident in its street art, galleries, and cultural events. With excellent public transport links, including a train station, and proximity to the bustling Newtown and Marrickville, St Peters attracts young professionals, families, and creatives seeking a dynamic yet community-oriented lifestyle.

St Peters property market performance

Current median dwelling price$1,480,000Past 3 months

Property growth+5.8%Past 12 months

St Peters has experienced modest growth in its property market over the past 12 months. While the median house price data is unavailable, house values have increased by 5.5%. The median unit price has risen to approximately $1.01 million, reflecting a 1.6% increase. This indicates a steady demand for units in the area.

Sales activity has been relatively low, with 5 houses and 10 units sold over the past 12 months. Units are selling faster than houses, with a median of 35 days on the market compared to 42 days for houses, suggesting a quicker turnover in the unit market.

The rental market in St Peters has seen some growth, with house rents increasing by 5.8% and unit rents by 2.5% over the last 12 months. The average rent for houses is $1,000, while units average $820, indicating a healthy rental demand.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
7.8%3.8%
Sold
Past 3 months
97
Median days on market
Past 12 months
4041
Average rent
Past 12 months
$1000$820
Change in rent
Past 12 months
5.3%2.5%

5 year median price trend for houses and units

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St Peters demographics

St Peters, located in Sydney's Inner West, is a suburb that combines urban convenience with a touch of suburban charm. Known for its artistic vibe and proximity to the city, St Peters attracts a diverse range of residents, including young professionals, families, and creatives. The median age of 35 suggests a balanced mix of youthful energy and mature stability, making it an appealing choice for those seeking a dynamic yet community-oriented lifestyle.

The suburb's housing landscape is varied, with a significant portion of properties being rented, accounting for 46.2% of the housing market. This high rental rate is indicative of its popularity among those seeking flexibility, such as students and young professionals. Meanwhile, 18.4% of properties are owned outright, and 35.4% are owned with a mortgage, reflecting a stable base of long-term residents and new homeowners entering the market.

Family life in St Peters is vibrant, with couple families with children making up 33.6% of the population, while couple families without children account for 54.7%. This demographic mix highlights the suburb's appeal to both growing families and couples enjoying the local amenities and lifestyle. The presence of parks, cafes, and cultural venues further enhances the suburb's attractiveness, offering a well-rounded living experience for its residents.

St Peters infrastructure, key developments and investment opportunities

St Peters continues its transformation with ongoing gentrification and a shift from industrial land to mixed residential and commercial developments, particularly east of the Princes Highway due to the completion of the St Peters Interchange as part of the WestConnex project, which has improved transport connectivity and may drive demand for local properties[1][5]. Redevelopment applications and new apartments are steadily increasing, bringing modern housing options and further attracting buyers priced out of neighbouring suburbs such as Newtown and Alexandria[5].

The suburb benefits from proximity to Sydney Park, Marrickville Metro shopping redevelopment, and strong public transport links via two train stations, enhancing walkability and access to amenity[5]. Local schools, like St Peters Public School, have experienced growth in enrolments, reflecting the rising popularity among families and increasing local density[1]. These factors collectively increase St Peters’ appeal, likely supporting ongoing property value growth and improving livability for residents.

St Peters rental market trends

The rental market in St Peters has experienced moderate growth, with house rents increasing by 5.8% over the past year to $1,000 per week, while unit rents have seen a 2.5% rise to $820 per week. This steady growth reflects the suburb's appeal, driven by its proximity to the city and ongoing local development, making it an attractive option for both renters and investors.

Suburbs near St Peters

Some popular suburbs near St Peters include:

  • Newtown: Known for its eclectic mix of shops, cafes, and vibrant nightlife, Newtown is located directly north of St Peters.
  • Alexandria: Offering a blend of industrial and residential areas with a burgeoning dining scene, Alexandria lies to the east of St Peters.
  • Marrickville: Famous for its multicultural community and thriving arts scene, Marrickville is situated to the west of St Peters.
  • Stanmore: Known for its heritage homes and village atmosphere, Stanmore is located to the northwest of St Peters.
  • Waterloo: Featuring a mix of modern apartments and historic buildings, Waterloo is situated to the northeast of St Peters.

How does St Peters compare to nearby suburbs?

  • Median house prices: St Peters’s median house price is 0.1% higher than Newtown’s.
  • Median unit prices: St Peters’s median unit price is 24.4% higher than Newtown’s.
  • House price growth: Over the past 12 months, house prices in St Peters have grown 1.3% higher than in Newtown.
  • Unit price growth: Over the past 12 months, unit prices in St Peters have grown 2.2% higher than in Newtown.
  • Selling speed for houses: Properties in nearby Newtown are selling 5.0% faster than in St Peters.
  • Selling speed for units: Properties in St Peters are selling 4.7% faster than in Newtown.
  • Investment considerations: In St Peters, the rental yield for house is 11.2% higher than the Sydney average, while the rental yield for units is 6.1% higher.
  • House price growth: Over the past 12 months, house prices in St Peters have grown 3.3% lower than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in St Peters have grown 4.7% higher than the average rate of growth for units across Sydney.

Common questions about St Peters

  • Is St Peters a nice place to live?

    St Peters is a delightful suburb that offers a unique blend of urban convenience and suburban charm, making it a wonderful place to call home. With its vibrant artistic vibe and close proximity to the city, it attracts a diverse mix of residents, including families, young professionals, and creatives. The suburb's lively atmosphere is complemented by its rich industrial heritage and modern urban living, creating a dynamic environment that is both engaging and welcoming.

    Families will find St Peters particularly appealing due to its community-oriented lifestyle and access to excellent amenities. The suburb is home to Sydney Park, a sprawling green space perfect for recreational activities and leisurely strolls. Additionally, the presence of local schools and a variety of cafes and cultural venues enhances the family-friendly atmosphere. Safety is generally not a major concern, contributing to the overall peace of mind for residents.

    While St Peters offers a fantastic lifestyle, there are some trade-offs to consider. The ongoing gentrification and transformation of industrial land into residential and commercial developments mean that housing options are evolving, with a mix of modern apartments and traditional homes. This can lead to increased property prices, which may be a consideration for potential buyers. However, the suburb's excellent public transport links and proximity to bustling areas like Newtown and Marrickville provide easy access to a wider range of amenities and entertainment options.

    Overall, St Peters is a charming suburb that offers a vibrant and community-focused lifestyle, making it a great place to live for those seeking a balance between urban living and suburban tranquility. Its artistic flair, green spaces, and family-friendly amenities make it an attractive choice for a wide range of residents.

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  • Is it expensive to live in St Peters?

    Living in St Peters can be quite expensive, especially when it comes to renting. While there is no current median house or unit price available, the rental market provides some insight into the cost of living. The average rent for houses in St Peters is about $1,063 per week, and for units, it's approximately $800 per week. This indicates a significant portion of income would be allocated to housing, particularly for those renting.

    When comparing these figures to the average salary in Sydney, which is around $83,000 per year or about $6,916 per month before taxes, it becomes evident that a substantial amount of monthly earnings would be needed to cover rent in St Peters. The median total household income in the area is $2,924 per week, suggesting that many households may find it manageable, but for individuals or smaller households, the cost could be a stretch.

    Overall, while St Peters offers a convenient location close to Sydney's central areas, the cost of renting could be considered high relative to the average income. If you are thinking of living in St Peters, it's important to consider your financial situation and how much you're willing to spend on housing 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 St Peters a good place to invest?

    St Peters presents an intriguing investment opportunity, especially for those interested in the unit market. Over the past year, the median unit value in St Peters has increased by 5.0%, indicating a healthy demand for this type of property. This growth suggests that units in the area are becoming more desirable, potentially due to their affordability compared to houses and the lifestyle they offer. While the median house value has remained stable with no change, the rental market for houses has seen a significant increase, with rents rising by 14.9%. This could be appealing for investors seeking strong rental returns.

    The suburb's location is a key factor in its investment appeal. St Peters is well-connected to the city, making it a convenient choice for professionals and young families who want to enjoy the benefits of urban living without being in the heart of the city. The area's vibrant community and proximity to amenities, parks, and public transport add to its attractiveness. While the rental market for units hasn't seen the same growth as houses, the steady increase in unit values suggests a solid potential for capital appreciation. Overall, St Peters offers a balanced mix of rental income potential and capital growth, making it a worthwhile consideration for investors.

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Choose the right real estate agents in St Peters

Choosing the right real estate agent in St Peters can have a big impact on your sale. While there are 35 real estate agents working in the suburb, but just 5 of them were responsible for 50.0% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.66% to 2.15%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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