Petersham

POSTAL CODE: NSW, 2049
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Property investors enjoyed capital gains of 8.85% over the last 12 months in PETERSHAM, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.07% growth over a ten-year period. It ranks 2640th on our list of suburbs that property investors should look into.

PETERSHAM, 2049 has a capital gain of 8.85% for the past year, which is higher than average compared to its 35.82% growth within a five-year period.

With the median home price in PETERSHAM sitting at $2,275,000, and the average rent at $850, property owners could potentially earn a 1.94% increase in gross rental yield.

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

PETERSHAM, 2049 in NSW belongs to the local government area of Inner West.

Surburb overview

Petersham is a suburb located approximately 6 kilometres south-west of Sydney's central business district, within the Inner West Council local government area.

According to the 2016 Census, Petersham had 8,114 residents, with a median age of 36. Most residents, 62.1%, were born in Australia, followed by those born in England at 4.7%. English is the predominant language spoken at home, accounting for 72.6% of households. The suburb's median weekly household income at that time was $1,977.

Public transportation in Petersham is well-developed, featuring a train station on the Inner West & Leppington Line, providing direct access to the Sydney CBD and surrounding suburbs. Additionally, several bus routes service the area, enhancing connectivity for residents.

The suburb offers essential establishments, including local shops, cafes, and restaurants, particularly along New Canterbury Road and the surrounding streets. Petersham is known for its vibrant dining scene, and its diverse cuisine reflects its multicultural community.

Recreational facilities in Petersham include Petersham Park, which features open green spaces, a cricket oval, and playgrounds suitable for families and individuals seeking outdoor activities. The suburb's heritage architecture and tree-lined streets add to its charm, providing residents with pleasant environments for leisure and recreation.

Petersham's combination of accessible public transport, essential amenities, and recreational spaces contributes to its appeal as a residential suburb within Sydney's Inner West. 

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