Fast 50 Report 2026 Banner

Leichhardt

POSTAL CODE: NSW, 2040
HOUSE
UNIT

LEICHHARDT, 2040 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling LEICHHARDT, 2040 values up and netting property investors a capital gain of 11.68% for the past year.

Investors saw the median home price rise to $2,200,000.

Profits due to an upward trend in home prices in the suburb averaged 7.52% per annum over a 3-year period.

LEICHHARDT now ranks at the 516th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in LEICHHARDT are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $900 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In LEICHHARDT, homes and units usually stay on listing for an average of 73.1 days.

In 2016, 239 properties were sold in LEICHHARDT during the past year, making it the 823rd most active market in NSW based on total real estate transactions.

Surburb overview

Leichhardt is a vibrant and culturally rich suburb approximately 5 kilometres west of the Sydney Central Business District. It is part of the Inner West Council Local Government Area and was called Sydney’s “Little Italy”. Leichhardt is a popular destination for food lovers, families, and professionals seeking a balanced inner-city lifestyle with suburban charm.

According to the most recent Census data, the suburb has a population of around 14,600. The median age of residents is 37, reflecting a mix of young professionals, families, and older residents. The housing landscape in Leichhardt is diverse, with Victorian terraces, Federation-style homes, and modern apartments making up the bulk of the residential area. Many homes have been beautifully restored, adding to the suburb’s heritage appeal.

Public transport in Leichhardt is well-developed, with regular bus services connecting the suburb to the Sydney CBD and surrounding areas such as Annandale, Rozelle, and Petersham. The Leichhardt North light rail stop offers an additional transport option, providing quick access to the city and critical locations such as Pyrmont and Central Station. Major roads, including Parramatta Road and Norton Street, make the suburb easily accessible by car.

Norton Street is the heart of Leichhardt’s cultural and commercial life. The suburb’s strong Italian influence is evident in its traditional Italian bakeries, gelato shops, delicatessens, and the annual Italian Festa, which celebrates its cultural heritage. Norton Street also features the historic Palace Norton Street cinema.

Pioneers Memorial Park is one of the most popular parks in the area, offering picnic spots, playgrounds, and walking paths. The suburb’s proximity to Callan Park and the Bay Run, a scenic walking and cycling track along Iron Cove, adds to its appeal for fitness enthusiasts and families seeking outdoor recreation.

The presence of several well-regarded schools further enhances Leichhardt’s family-friendly environment. These include Leichhardt Public School, Sydney Secondary College Leichhardt Campus, and various childcare centres, making the suburb an attractive option for families with young children. 

Leichhardt is a centre for arts and culture in Sydney’s Inner West. The Leichhardt Town Hall regularly hosts community events and exhibitions, while the nearby Inner West Theatre scene draws theatre lovers and creatives. Leichhardt’s cultural diversity and dynamic atmosphere make it a hub for those who appreciate art, food, and community-driven activities.

With its heritage charm, modern conveniences, and cultural vibrancy, Leichhardt offers a unique lifestyle in the Inner West. Whether enjoying a coffee on Norton Street or strolling through Pioneers Memorial Park, Leichhardt is a suburb where tradition's warmth meets modern life's excitement.

You’re out of free articles for this month
Loading form...