Leichhardt Property Market & Buyers Agents 2026

The Leichhardt property market is characterised by high demand and constrained supply, a classic Inner West dynamic that fuels strong capital growth. With a median house price of $2.21M, the suburb is a premium market driven by affluent professionals and families drawn to its lifestyle and proximity to the CBD. Market indicators point to intense buyer competition; days on market are low at just 24, and the auction clearance rate is a robust 71%. This demand is underpinned by the suburb's high socioeconomic profile and desirability. While the year-on-year growth for houses stands at a healthy 9.0%, the market is primarily a capital growth play rather than a yield-focused one. Rental yields for houses are modest at 2.6%, a trade-off for the potential long-term appreciation. The unit market, with a median of $975,000, offers a more accessible entry point and a healthier rental yield of 3.7%. However, its capital growth has been more subdued compared to houses. Affordability is a key factor; the high entry costs mean the buyer pool is skewed towards higher-income earners who can service significant loans. With minimal new housing supply on the horizon, the supply-demand imbalance is set to continue, supporting price resilience and making Leichhardt a blue-chip suburb for long-term investment.

Leichhardt is a cornerstone of Sydney's Inner West, located just 5km from the CBD. Its identity is famously intertwined with its Italian heritage, earning it the nickname 'Little Italy'. This is most evident on Norton Street, the suburb's vibrant main artery, which is lined with celebrated restaurants, cafes, delis, and the historic Palace Norton Street cinema. The street also hosts the annual Italian Festa, a major cultural event that draws crowds from across Sydney.

The suburb is well-serviced by an array of educational facilities, including Leichhardt Public School and Sydney Secondary College's Leichhardt Campus. For recreation, residents enjoy numerous green spaces like Pioneers Memorial Park, and have easy access to the popular Bay Run, a 7km walking and cycling track around Iron Cove.

Transport connectivity is a major drawcard. The Inner West Light Rail has several stops servicing the suburb, including Leichhardt North, Hawthorne, and Marion, offering a direct line to the city. Numerous bus routes, such as the 437, 438X, and 440, provide frequent services along Parramatta Road and Norton Street. While there is no heavy rail station within the suburb itself, Petersham and Stanmore stations are a short walk or bus ride away, connecting to the T2 train line.