Shannon Molloy, News Editor
First published 13 Feb 2023, 9:32am
An excellent location close to the city, the inner-west, and the beach, with home prices still within an affordable bracket, make this under-the-radar suburb one of Sydney’s best.
Located about 10km from the city, Arncliffe is the kind of neighbourhood that has been a hidden gem until relatively recently.
Formerly an older suburb with a sleepy vibe, a rapid demographic shift has sparked urban renewal and is fast making it the place to be.
Arncliffe was featured in the recent inaugural realestate.com.au Hot 100, nominated as an area on the rise with good future growth prospects.
“It’s one of the first suburbs you hit when heading south from the inner-west,” local agent Sam Abbas from Stone Real Estate said.
The multicultural hub has received an injection of fresh energy recently thanks to an influx of younger residents, from professional couples to growing families.
They came in search of affordable home prices and stable rent, with comparatively lower prices than the likes of Newtown and Marrickville.
Arncliffe could just be one of the best inner-city suburbs in Sydney. Picture: R&W
Currently, the median house price in Arncliffe is $1.42 million but the median unit price is $710,000. The median weekly advertised rent for a house is $700, while for a unit it’s $550.
The outlook for the year ahead is a positive one, he added, where Arncliffe is well-positioned to hold up well.
“An influx of inner-west and eastern suburbs buyers is driving the competition, which in turn will see Arncliffe get a higher number of buyers than neighbouring suburbs.”
Illustrating the diversity of dwellings in Arncliffe, there is a range of properties currently on the market to suit every buyer.
For the first-home buyer market, 6/37 Burrows Street is a two-bedroom, one-bathroom unit with a car space, sitting on the second floor of a small block with a north-facing aspect.
The unit at 6/37 Burrows Street has a price guide of $650,000. Picture: realestate.com.au/buy
It features a generously proportioned floor plan with separate living and dining spaces, a laundry, a modern kitchen, built-in robes in both rooms, and a balcony.
And it’s all just steps from the central village. The quoted price guide is $650,000.
Priced below the house median is this brick semi at 1 Fairview Street, occupying a 340sqm corner block in a leafy neighbourhood.
This brick semi at 1 Fairview Street has a lot of potential. Picture: realestate.com.au/buy
It’s very liveable but has scope for improvements and adding individual personality to the kitchen and bathroom.
The price guide quoted is $1.25 million.
And at the higher end of the market is charming Fairview at 197 Wollongong Road – an impressive heritage home with six bedrooms and three bathrooms.
Arncliffe is home to some special character homes like Fairview at 197 Wollongong Road. Picture: realestate.com.au/buy
It was built in 1881 as the home of future Hurstville Mayor Alexander Milsop and retains a number of period features, including eight fireplaces, soaring ceilings, curly gum timber flooring, and ornate detailing.
The property is scheduled for auction on 18 March.
A central precinct surrounding the train station gives Arncliffe a friendly, village feel and there are signs of gentrification underway.
“Public transport provides easy access to main hubs including the CBD, airport, and Sutherland Shire,” Mr Abbas said.
Road links also make it an extremely convenient place to live, with heaving hotspots like Newtown and Marrickville a quick 10-minute drive away.
“It’s a good lifestyle having restaurants, nightlife, work, and the beach all a short drive away,” Mr Abbas said.
Road and rail links make Arncliffe a convenient place to live. Picture: Design Inc
Proximity to desirable schools has put it in the sights of families too, and a host of parks throughout the area add to the appeal, he said.
Arncliffe has a wide array of homes, from character dwellings to modern new-builds and apartments, both brick walk-up style and more contemporary units.
A flurry of renovation activity in the past few years has helped to freshen streetscapes too.
“There is better value for homebuyers in comparison to other areas within the same proximity to the CBD and beaches,” Mr Abbas said.
“You can purchase a bigger parcel of land with a larger floorplan for better value.”
Development activity is on the up and the major Arncliffe Central project has sparked excitement, with the 1.3ha site bringing not just new dwellings but a high level of amenity.
Arncliffe Central is a major development that will change the face of the suburb. Picture: Billbergia
A retail precinct will feature laneways dotted with shops and hospitality outlets, as well as grocery shopping, health and wellness services, wine bars, and leisure stores.
The development, delivered by Billbergia, will also feature 4000sqm of gardens and greenery, crafting a park that connects people and promotes a rich biodiversity.
When complete, Arncliffe Central will comprise four towers with a total of 744 apartments.
“Arncliffe Central is likely to attract locals and young families seeking a low-maintenance lifestyle with the convenience of transport, schools, parks, and community infrastructure right on their doorstep,” sales director Lulu Chen said.
“With major growth in the surrounding suburbs of Wolli Creek, Mascot and Rockdale, Arncliffe is emerging as Sydney’s newest hotspot and, until now, has been previously overlooked for development opportunities.”
Arncliffe Central will bring a high level of amenities with it. Picture: Supplied
Stage one – a 19-storey building with 176 units, above a retail podium featuring a supermarket, restaurant and café precinct, childcare, and a community centre, is on sale now. Apartments are priced from $575,000 to $1.35 million.
“The development will create an exciting urban lifestyle precinct that benefits the entire community,” Mr Abbas said.
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