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Wareemba suburb profile

Wareemba is a charming and small suburb nestled in Sydney's Inner West, offering a peaceful residential atmosphere with a close-knit community feel. Located approximately 10km from the Sydney CBD, Wareemba is known for its leafy streets, well-maintained homes, and local village vibe. The suburb provides convenient access to nearby waterfront parks and the bustling shopping and dining precincts of neighbouring suburbs like Five Dock and Abbotsford. With its serene environment and proximity to the Parramatta River, Wareemba is an attractive choice for families and professionals seeking a tranquil yet connected lifestyle.

Wareemba property market performance

Current median dwelling price$2,148,750.5Past 3 months

Wareemba’s property market has seen a rise in house values by 7.2% over the past 12 months, although no median price is available. The unit market has remained stable with no changes in median value. Over the past three months, only 5 houses have been sold, with no unit sales recorded. Houses are spending an average of 61 days on the market.

The rental market in Wareemba shows a significant increase in house rents, rising by 12.9% to an average of $1050 over the last year. However, the unit rental market remains inactive with no changes reported.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
7.2%N/A
Sold
Past 3 months
5N/A
Median days on market
Past 12 months
61N/A
Average rent
Past 12 months
$1050N/A
Change in rent
Past 12 months
12.9%N/A

5 year median price trend for houses and units

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Wareemba demographics

Wareemba, a charming suburb in Sydney's Inner West, offers a serene and family-friendly environment. With a population of 1,519, it is a close-knit community that enjoys the benefits of suburban living while being conveniently located near the city. The median age of 43 suggests a mature population, with many residents likely to be established professionals and families who appreciate the suburb's peaceful atmosphere and proximity to amenities.

The suburb's housing landscape is characterized by a significant proportion of homeownership, with 42.2% of properties owned outright and 28.8% owned with a mortgage. This indicates a stable community with long-term residents who have invested in the area. The rental market, comprising 29% of properties, provides options for those seeking flexibility, including young families and professionals.

Family life is a central aspect of Wareemba, with 48.8% of households being couple families with children, and 34.2% being couple families without children. The presence of one-parent families at 14.2% and other family types at 2.8% adds to the suburb's diverse family dynamics. The median total household income of $2,294 per week reflects a relatively affluent community, likely benefiting from the area's desirable location and quality of life.

Wareemba infrastructure, key developments and investment opportunities

There are currently no widely reported major infrastructure or redevelopment projects specific to Wareemba that are expected to significantly alter the suburb’s property market in the short term. Wareemba continues to benefit from its established position on the Parramatta River and proximity to neighbouring hubs such as Five Dock and Abbotsford, which provide access to shops, cafes, and services that support ongoing buyer demand.[4][5]

Existing bus routes linking Wareemba with the Sydney CBD and nearby train lines, along with broader Inner West improvements, help maintain good connectivity, underpinning the suburb’s appeal for commuters.[5] Any future uplift in amenities and transport in surrounding Inner West suburbs is likely to have a flow-on effect, supporting property values and livability in Wareemba even in the absence of large suburb-specific projects.[4][5]

Wareemba rental market trends

In Wareemba, the rental market has experienced significant growth, with house rents increasing by 12.9% over the past year to $1,050 per week. However, there is no data on unit rents, as indicated by the 0% change. This coastal suburb continues to be a desirable location for those seeking spacious living with easy access to Sydney's amenities.

Suburbs near Wareemba

Some popular suburbs near Wareemba include:

How does Wareemba compare to nearby suburbs?

  • Median house prices: Wareemba’s median house price is 10.9% higher than Abbotsford’s.
  • Median unit prices: Wareemba’s median unit price is 3.0% higher than Five Dock’s.
  • House price growth: Over the past 12 months, house prices in Wareemba have grown 1.9% higher than in Chiswick.
  • Selling speed for houses: Properties in nearby Abbotsford are selling 31.1% faster than in Wareemba.
  • Investment considerations: In Wareemba, the rental yield for house is 16.3% higher than the Sydney average, while the rental yield for units is 4.5% higher.
  • House price growth: Over the past 12 months, house prices in Wareemba have grown 52.3% higher than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Wareemba have grown 55.7% higher than the average rate of growth for units across Sydney.

Common questions about Wareemba

  • Is Wareemba a nice place to live?

    Wareemba is a delightful suburb that offers a serene and family-friendly atmosphere, making it a wonderful place to call home. Nestled in Sydney's Inner West, this charming area is known for its leafy streets and well-maintained homes, providing a peaceful residential environment. The suburb's close-knit community is one of its standout features, fostering a welcoming vibe that appeals to families and professionals alike. With its proximity to the Parramatta River, Wareemba offers a tranquil lifestyle while still being conveniently connected to the bustling city life of Sydney.

    Families will find Wareemba particularly appealing due to its safe and nurturing environment. The suburb's location provides easy access to a range of amenities, including nearby waterfront parks, shopping, and dining precincts in neighbouring suburbs like Five Dock and Abbotsford. This makes it easy for residents to enjoy leisurely weekends exploring local cafes, restaurants, and green spaces. The suburb's connectivity is further enhanced by existing bus routes and nearby train lines, making commuting to the Sydney CBD and other parts of the city a breeze.

    While Wareemba offers a fantastic lifestyle, there are some trade-offs to consider. The suburb's peaceful nature means it lacks the vibrant nightlife and entertainment options found in more urban areas. However, this is often seen as a positive by those seeking a quieter, more relaxed pace of life. Additionally, while property prices reflect the suburb's desirability, they may be higher compared to more distant suburbs, which is something potential residents should consider.

    Overall, Wareemba is a lovely place to live, especially for families and professionals who value a tranquil environment with easy access to city amenities. Its strong sense of community, safety, and proximity to both nature and urban conveniences make it a highly attractive choice for those looking to enjoy the best of both worlds.

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  • Is it expensive to live in Wareemba?

    Living in Wareemba, a charming inner suburb of Sydney, can be quite costly, especially when it comes to renting. The average rent for houses in Wareemba is approximately $1,050 per week. This is significantly higher than the average rent in many other suburbs, reflecting its desirable location and the lifestyle it offers. However, there is no current data on the median house or unit prices, which makes it difficult to assess the full cost of homeownership in this area.

    When comparing the average wage in Wareemba, which aligns with the Sydney average of around $100,000 per year, the high rental prices suggest that a considerable portion of one's income would be allocated to housing costs. This could make it challenging for individuals earning the average wage to comfortably afford living in Wareemba, especially if they are renting a house.

    Overall, while Wareemba offers the benefits of being close to Sydney's amenities and attractions, the cost of living, particularly in terms of renting a house, is on the higher side. If you are thinking of living in Wareemba, it's important to consider your financial situation and whether it can accommodate the expenses associated with residing in this appealing 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 Wareemba a good place to invest?

    Wareemba presents an intriguing opportunity for property investors, particularly those focused on houses. Over the past 12 months, the suburb has experienced a notable 7.2% increase in median house values, indicating a strong demand and potential for capital growth. This is complemented by a significant 12.9% rise in house rents, suggesting a robust rental market that could provide solid rental returns for investors.

    While unit values and rents have remained stable, this stability might appeal to investors seeking a less volatile market segment. Wareemba's appeal lies in its charming residential atmosphere and proximity to amenities, making it attractive to families and professionals alike. The suburb's consistent demand for houses, coupled with its appealing lifestyle, positions it as a promising investment choice for those looking to benefit from both capital appreciation and rental income.

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Choose the right real estate agents in Wareemba

Currently, there are 16 real estate agents working in Wareemba—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 16 agents sold 53.8% of all properties in Wareemba over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Wareemba typically charge a commission of 1.66% to 2.15%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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