Article published by Real Estate Group 17th March 2022.
With bigger blocks and a more affordable entry point than prime inner-west favourites like Balmain, Newtown, and Annandale, the booming ‘burbs of Petersham and Lewisham – which share a postcode – have ridden the recent property boom in impressive style.
“They’ve been million-dollar suburbs for at least the past five years,” said Stone Real Estate Newtown agent Frederico Fraga-Matos. “Even entry-level homes are in the early millions.
“We’ve been seeing such a dramatic increase in prices across the board and this area is often overlooked. It doesn’t have a high turnover but people who are being priced out of neighbouring areas are considering Petersham and Lewisham because there’s more land and better value.”