• img
  • img
  • img

The next Surry Hills: Sydney suburb on a path to cool via gentrification and generational change

A vibrant but often overlooked part of Sydney is on track to be the city’s next Surry Hills, with winds of change being felt thanks to gentrification and the lure of affordability.

Article published in Realestate.com.au 17th May 2022.

Tucked away in the inner-west, Ashfield boasts strong connectivity with the CBD and Parramatta, a vibrant and multicultural community, comparatively cheaper housing stock, and some very bright prospects, experts say.

But, until recently, it’s been bypassed by hordes of hip young homebuyers in favour of already trendy neighbourhoods like Newtown, Redfern, and Surry Hills.

Like those areas, which have seen house prices explode and rents skyrocket over the past decade, property pundits say Ashfield is on track to be a future cool enclave.

And there are signs that change is already underway.

 

Plenty of opportunity to grow

img

As it stands, Ashfield is a nice place to live, with a good level of amenity, high accessibility, and plenty of choice when it comes to housing.

Would-be buyers will find a mix of brick low-rise unit blocks from the 1960s and 1970s, Federation-style homes, a smattering of grander Victorian houses, and modern higher-density apartment blocks.

Much of the older housing stock that comes to market is in near-original condition, giving buyers the chance to add their own personality – and increase value.

Meanwhile, units offer more bang for buck compared to suburbs a bit closer to the city and many also offer renovation potential.

Section 2

img

There’s a major shopping centre, Ashfield Mall, with big-name tenants, as well as a few commercial precincts, and a bustling High Street.

“With continued investment into the area, particularly around the Ashfield Mall precinct, the suburb will continue to hold strong appeal to future homebuyers and investors alike,” said Lachlan Vidler, a buyer’s agent and director of Atlas Property Group.

Ben Plohl, a buyer’s agent with BFP Property Buyers, said the arrival of young couples and growing families was sparking gentrification.

“There are plenty of trendy cafes and restaurants popping up, a vibrant multicultural feel, and relatively affordable homes.”

But Ashfield’s real strong point is that rich multiculturalism.

Diners have countless choices, with every cuisine catered for, and there are regular community festivals and events, including the famed annual Carnival of Cultures.

Read full article here..

You might also be interested in…

img

Live at the heart of Zetland, where everything is at your doorstep.

Published in Apartments & Development 2nd March 2022 Sydney-based, multi-award-winning developer and builder, Deicorp has brought together some of the nation’s finest architectural teams to present Downtown in vibrant Zetland.

Read more
img

The shorter the walk to the train station, the bigger the premium

People are willing to pay a premium the shorter the walk to their local train station. Call it the 400-metre rule.

Read more
img

From The Banks to the bay, discover Sydney's hidden gem courtesy of Deicorp

Written and published by Apartments & Developments on the 16th March 2022. One of Southern Sydney’s best-loved suburbs, Rockdale is finding strong interest from a new generation of property buyers with its best of all worlds location and surprising range of amenities.

Read more