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Tempe

POSTAL CODE: NSW, 2044
HOUSE

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,745,000.

The upward trend in home prices in TEMPE, 2044 averaged 5.44% per annum over a 3-year period.

Average weekly rents on listings have reached the $950 mark, reflecting a 2.83% increase in returns based on the current median price in TEMPE.

An average of 3.5 real estate transactions take place per month in TEMPE which translates to 42 per annum.

42 properties were sold in TEMPE in 2016, making it the 498th most active market in NSW based on total real estate transactions.

TEMPE, 2044 places 761st in Australia based on median property value growth during the quarter.

Surburb overview

Tempe is located approximately 9 kilometres southwest of the Sydney Central Business District. It is part of the Inner West Council Local Government Area and is known for its mix of residential areas, green spaces, and proximity to the Cooks River.

According to the most recent Census data, the suburb has a population of around 4,000. The median age of residents is 37, reflecting a diverse mix of families, young professionals, and older couples. Tempe’s housing landscape features a variety of housing styles, including single-storey cottages, semi-detached homes, and modern developments. Many older homes have been renovated, giving the area a mix of heritage charm and contemporary appeal.

Public transport in Tempe is well-developed, making it convenient for residents who commute to the city or surrounding suburbs. Tempe railway station on the T4 Eastern Suburbs & Illawarra Line and the T8 Airport & South Line provides direct access to the Sydney CBD, Bondi Junction, and Sydney Airport. Multiple bus routes also connect Tempe to nearby areas such as Marrickville, Sydenham, and Newtown. The suburb is easily accessible by car, with major roads like the Princes Highway and the M5 Motorway providing convenient routes to the city, airport, and southern suburbs.

One of Tempe’s standout features is its proximity to the Cooks River, which forms the suburb’s southern border. The Cooks River foreshore offers scenic walking and cycling paths and opportunities for kayaking and other water activities. Tempe Recreation Reserve, located along the riverbank, is ideal for family outings and outdoor recreation. The reserve is also home to the Tempe Golf Driving Range, adding to the suburb’s appeal for sports enthusiasts.

Tempe is also close to several other parks and green spaces, including Tillman Park and Kendrick Park. The abundance of parks and access to the Cooks River contribute to Tempe’s reputation as a peaceful, family-friendly suburb with plenty of outdoor amenities.

Local educational facilities further support Tempe’s family-friendly atmosphere. Tempe Public School and Tempe High School serve the local community, making the suburb convenient for families with school-aged children. The suburb’s quiet streets, access to parks, and quality schools make it an attractive option for families seeking a suburban environment close to the city.

While Tempe does not have a central shopping precinct, residents benefit from its proximity to nearby commercial areas. Marrickville Metro, located just a short drive or bus ride away, offers a wide range of retail outlets, supermarkets, and dining options. The nearby suburbs of Marrickville and Newtown also provide an eclectic mix of cafes, restaurants, and boutique shops, catering to a diverse community and offering a vibrant social scene.

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