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Newtown is a suburb in the inner east of Sydney and is about 4km west of the CBD. It falls under the local government areas the Marrickville Council and the City of Sydney. Its close proximity to the CBD makes Newtown a popular spot for property investment.
It is only a 5 minute drive into the CBD so you are very close to shops, restaurants, cafes, bars and more of what the CBD has to offer. The median price is 1.2 million dollars and this is guaranteed to rise up with the limited space in Newtown.
There is limited space in Newtown so terrace houses have come into demand. Many people are on a budget so apartments are also a viable option for property investors.
Terrace house are definitely the most common property as these types of houses are in rows banked up against each other and they are a substantial size compared to the other option which is an apartment or a free standing house.
There are many restaurants and shops on King Street which is the main street of Newtown and this is great for people who live in Newtown or just visiting. The Pine Street Gallery and the University Art Gallery are on offer for art lovers in Newtown. The Enmore and King Street theatre are also popular entertainment destinations. Stanmore and Marrickville are close by if you want some more space to enjoy your time.
The local industry is dominated by Education and Training, Retail Trade and Health Care and Social Assistance with all of these having over 300 people employed in these areas.
Trains, buses and taxis are all available for public transport which can take you into the city and around Sydney.
The main street in Newtown is King Street which goes from one side of Newtown to the other and this street could be considered the focal point of Newtown. Another notable artery includes the train route which also goes all the way through Newtown.
A great street to invest in would be Watkin Street as it is a tree lined street which is very popular, it has parks for the children and it is in a great location as it is in between King Street and Sydney University. This street would be perfect for families and property investors. Another great street for property investment is Gowrie Street and this is great because it is close to public transport and is also very quiet so this would also be great to invest in.
Over the years the experiences Buyer’s Agents at Metropole have helped many property investors and home buyers purchase in this area. Why not click here and leave your details so we can be in contact and help you with your property search the best investment property for your portfolio in Newtown.
Newtown is a diverse, bohemian neighbourhood that bustles with activity day and night. Shoppers head to King Street’s indie bookshops and thrift stores. Hip bars and eateries with multicultural fare cater to locals and University of Sydney students and The Enmore Theatre hosts comedy revues and live music. Restored Victorian buildings and street art, including a mural of Martin Luther King, round out the scene.
Distance from CBD: 4 km South-West
Average Annual Growth: 8.41%
No. Years to double in value: 8.6 years
Total population: 14,148
Median Household Income: $1753 (weekly)
Walk Score: 95 – Walkers Paradise