As your local buyer’s agent, I know Leichhardt is full of great pockets, green streets and a lifestyle that continues to attract buyers year after year. You’ve got Norton Street with its cafés, restaurants and village feel, some fantastic primary and secondary schools nearby, and a suburb that really appeals to both young families and the older generation who have lived in the area for decades.
Leichhardt sits in a really unique position within Sydney. You’re wedged between areas like Rozelle and Balmain, while also sitting close to the Newtown and Erskineville band. It gives buyers that Inner West lifestyle while still being only around 5 kilometres from the CBD. The suburb is made up of traditional terrace-style homes, character properties and some decent-sized blocks that are becoming harder and harder to find this close to the city.
From a pricing perspective, the median house price is broad, typically sitting somewhere between around $1.9 million through to $2.55 million depending on the street, land size, parking and renovation level. Of course, you’ll still see properties selling below and above those numbers, but the majority of buyers purchasing houses in Leichhardt are generally competing within that range. From a unit standpoint, most quality 2 bedroom apartments in good pockets of Leichhardt, away from the busy roads and in more gentrified streets, are generally trading around the $1 million to $1.2 million mark.
Leichhardt is a suburb that remains tightly held. Properties often stay on the market for only around 20 days, and auction clearance rates regularly sit around the 70% mark. Even then, those numbers can sometimes be understated because we often see properties sold prior to auction still being recorded as auction sales.