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Stanmore NSW 2048 is in the Inner West of Sydney, approximately 6km south-west of the Sydney CBD. It is part of the local government area of the Inner West Council and is known for the tiny trading area along Percival Road. The area includes a local favourite cafe and bakery Hearthe, a family friendly pub Salisbury Hotel and away winning restaurant sixpenny

Based on the 2021 census, Stanmore has a population of 7,619 people, which is a slight decline from the previous census conducted in 2016 of 7,938 people living in Stanmore. The predominant age group in Stanmore is 20-29 years of age with the general people of them working in a professional occupation.

Stanmore Suburb Map
Stanmore Suburb Map

Stanmore contains three known schools: Newington College an independent GPS boys school, the state primary school Stanmore Public School and Saint Michael’s Catholic Primary School Stanmore. The education options are a drawcard for young local families as they assess their education options for their children. Additionally Stanmore has a fair amount of sporting and recreation facilities, Newington College’s private facilities, Weekley Park, Crammond Park and Montague Gardens, and is home to Inner West Hawks (formerly Stanmore Hawks) soccer club which play in the NSW State League Division One.

Stanmore House Prices

Stanmore is currently presenting with a decrease in number of houses sold and a decline in the median value of properties.

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Annandale House for sale

The changes in median value for both houses and units has seen a decline in value in line with the rising interest rates. Recent data of April 2023 – is showing that this decrease is starting to moderate and flatten as buying confidence re-enters the market.

Snapshot of the Market in Stanmore

Stanmore change in value houses
Stanmore change in unit value

The Stanmore market requires a local expertise when sourcing and negotiating property. It is important to engage with a local experienced agent, separate to talking with local real estate agents – we would also recommend you discuss your goals with a buyer’s agent.

Investment Property Yields

Both the house and unit aspect of rental yields have increased over the past 12 months. This is in part a reflection in the median value decline in recent months – reducing the yield as a % and as an increase in the actual rental demand for the area. The Sydney market is experiencing a tight rental market, which in effect has increased rental rates by 10% over the past 12 months. This places landlords in a better position as they negotiate new leases for new and existing tenants. Due to the ongoing housing pressures on new stock, additional immigration into the area and interest rate pressures – we would anticipate this yield growth to maintain.

Houses Yield

Stanmore Yield Houses
Stanmore Yield Houses

Units Yield

Stanmore Yield Units
Stanmore Yield Units

You can read more about Petersham, Burleigh Heads and local suburb Annandale. Might also be worth reading about NSW plans to abolish Stamp Duty and how that would impact your buying decision.

Jeremy Harper is the director of hfinance. hfinance is a mortgage brokering business, to speak with a Sydney Mortgage BrokerGold Coast Mortgage Broker or an Australian expat mortgage broker. Contact by calling us on 1300 928 227 or email [email protected]. To book a meeting to discuss your mortgage needs.