Sydenham suburb profile
Sydenham is a vibrant suburb located 22km northwest of Melbourne's CBD, known for its family-friendly atmosphere and diverse community. The suburb offers a range of amenities, including shopping centres like Watergardens Town Centre, which serves as a major retail and entertainment hub. Sydenham is well-connected by public transport, with its own train station providing easy access to the city. The area features a mix of modern housing developments and established homes, catering to a variety of lifestyles. With numerous parks, schools, and recreational facilities, Sydenham is an appealing choice for families and professionals seeking suburban convenience.
Sydenham property market performance
Sydenham's property market has shown stability and growth over the past 12 months. The median house price has remained steady at $686,050, while unit values have seen an 8% increase, bringing the median unit price to $505,000. This indicates a growing interest in the unit market.
Sales activity has been moderate, with 30 houses and 18 units sold in the past three months. Units are selling faster than houses, with a median of 24 days on the market compared to 46 days for houses, suggesting stronger demand for units.
The rental market in Sydenham has experienced notable changes, with house rents increasing by 13.3% and unit rents rising by 4.7% over the last 12 months. This reflects a robust demand for rental properties, particularly houses.
Median price - houses$686KPast 3 months
Median price - units$505KPast 3 months
Change in value - houses-6.0%12 months
Change in value - units8.0%12 months
Houses sold30Past 3 months
Units sold18Past 3 months
Median DOM - houses46Past 12 months
Median DOM - units24Past 12 months
Average rent - houses$510Past 12 months
Average rent - units$450Past 12 months
Change in rent - houses13.3%Past 12 months
Change in rent - units4.7%Past 12 months
Sydenham demographics
Sydenham, located in Melbourne's north-western suburbs, offers a balanced lifestyle with its blend of suburban tranquility and urban convenience. With a population of 10,578 and a median age of 37, Sydenham is home to a diverse community, including families, professionals, and retirees. The suburb's family-friendly environment is evident, with nearly half of the households being couple families with children, making it an attractive location for those seeking a nurturing community to raise a family.
The housing landscape in Sydenham is varied, with a significant portion of properties owned outright (29.1%) or with a mortgage (39.0%), indicating a stable residential base. Additionally, 31.9% of the properties are rented, providing options for those who prefer flexibility. The median total household income of $1,813 per week reflects a comfortable standard of living, supporting a range of lifestyle choices for its residents.
Sydenham's community is further enriched by its proximity to essential amenities, including schools, shopping centers, and public transport, making daily life convenient and accessible. The suburb's appeal is enhanced by its green spaces and recreational facilities, offering residents a chance to enjoy outdoor activities and a healthy lifestyle. Overall, Sydenham presents a well-rounded living experience, balancing the needs of families, professionals, and individuals seeking a welcoming and connected community.
Sydenham infrastructure, key developments and investment opportunities
Sydenham is experiencing several developments that could impact its property market. The suburb is set to benefit from the ongoing transformation of the Watergardens precinct, which includes the expansion of the shopping center and the addition of new residential and commercial spaces. This mixed-use development is likely to enhance local amenities and potentially increase property values in the surrounding areas.
Infrastructure improvements are also underway, with upgrades to public transport facilities, including enhancements to the Watergardens railway station. The presence of well-established educational institutions like Catholic Regional College Sydenham and Sydenham-Hillside Primary School continues to attract families to the area. Additionally, the preservation and development of green spaces, such as Pioneer Park, contribute to the suburb's livability and appeal to potential homebuyers seeking a balance between urban convenience and natural surroundings.
Sydenham rental market trends
The rental market in Sydenham has experienced notable growth, with house rents increasing by 13.3% over the past year to $510 per week, while unit rents have seen a more modest rise of 4.7% to $450 per week. This growth reflects the suburb's appeal, driven by its accessibility and community amenities, making it an attractive option for both renters and investors.
Suburbs near Sydenham
Some popular suburbs near Sydenham include: