Haberfield, located approximately 8 kilometers west of Sydney's central business district, is a picturesque suburb known for its heritage-listed Federation and Californian bungalow homes.
Established in the late 19th century, Haberfield was one of Australia's earliest planned garden suburbs, designed to embody the ideals of the Garden City Movement. An interesting fact about Haberfield is that it was Australia's first garden suburb, designed to offer residents a harmonious blend of urban living and natural surroundings.
While the suburb has experienced gentrification in recent years, it still retains its old-world charm, making it a sought-after location for families and professionals alike. House prices in Haberfield have seen steady growth over the past decades, driven by its heritage appeal and proximity to the CBD.
Lifestyle
Haberfield offers a relaxed lifestyle with abundant reserves and green spaces, including Richard Murden Reserve and Dobroyd Point Park, providing residents with opportunities for picnics, leisurely strolls, and outdoor recreation.
The suburb boasts a thriving café culture, with quaint coffee shops and bakeries lining Ramsay Street, a popular hub for locals and visitors alike. Residents also enjoy participating in community events and festivals, such as the Haberfield Village Fair and the Italian Fiesta, celebrating the suburb's rich cultural heritage.
Pets are popular in Haberfield, with many residents taking advantage of the local parks and walking trails for their furry friends.
School Zones
Haberfield is serviced by several public primary schools, including Haberfield Public School and Dobroyd Point Public School, offering quality education to local families.
Nearby Catholic primary schools include St. Joan of Arc Catholic Primary School and St. Fiacre's Catholic Primary School. For secondary education, students may attend nearby high schools such as Fort Street High School and Ashfield Boys' High School.
Exclusive independent private schools favored by the wealthy include Trinity Grammar School and PLC Sydney. The closest school for students with special needs is Haberfield School for Students with Disabilities.
Demographics
From 2006 to 2021, the median weekly household income in Haberfield has shown steady growth, reflecting the increasing prosperity of the suburb rising from $1,291 to $2,761 more than doubling.
Families make up a significant portion of the population, with a diverse mix of cultural backgrounds, including Italian, Greek, and Chinese communities. The average income in Haberfield compares favorably to the Australian average, indicating a relatively affluent demographic.
Employment data from the 2021 ABS census shows a high percentage of professionals and managerial employees, with major industries including healthcare, education, and finance. Many residents work in neighboring suburbs such as Ashfield and Leichhardt. Emerging employment trends include growth in technology and creative industries.
Employment
Employment data from the 2021 ABS census shows a high percentage of professionals and managerial employees, with major industries including healthcare, education, and finance.
Close to 55% of residents in Haberfield hold professional or managerial roles.
Many residents work in neighboring suburbs such as Ashfield and Leichhardt. Emerging employment trends include growth in technology and creative industries.
Transport
Haberfield is well-connected by public transport, with main bus routes and train lines servicing the area, providing easy access to the CBD and surrounding suburbs.
Additionally, bicycle paths along the Iron Cove Bay Run offer alternative transportation options for residents.
While public transport is popular, private transport is also common, with many residents owning cars for convenience.
Shopping Centre's, Restaurants & Facilities
Haberfield has a high walk score, with a variety of amenities within walking distance, including local shops, supermarkets, and specialty stores.
The Haberfield Shopping Village is a popular destination for locals, offering a range of boutique shops and eateries. Residents also enjoy dining at the suburb's renowned Italian restaurants, known for their authentic cuisine and charming atmosphere.
Sporting facilities cater to a range of activities, including soccer, tennis, and swimming. Social clubs and community centers provide additional recreational opportunities for residents.
One unique feature of Haberfield is its heritage-listed streetscape, offering residents a glimpse into the suburb's rich history. Churches and religious places are also prevalent in the area, catering to diverse faith communities.
Development
Dwellings in Haberfield predominantly consist of heritage-listed Federation and Californian bungalow homes, with some modern developments interspersed throughout the suburb.
While knock-down rebuilds and renovations are common, strict heritage regulations limit extensive redevelopment in the area.
Subdivision opportunities are limited due to the established nature of the suburb, with most developments occurring in pockets close to transport hubs and amenities.
Capital Growth
Data from property sources indicates strong average capital growth for houses, townhouses, and units in Haberfield. Houses have performed at 9.2% over the past 50 years, with townhouses and units performing at 6%, though the data is insufficient as the suburb is mainly compromised of houses.
Better pockets of the suburb, particularly those with heritage-listed homes and proximity to parks, have seen higher growth rates. Factors driving capital growth include its heritage appeal, proximity to the CBD, and limited housing supply.
Main buyers in the suburb include families, professionals, and investors attracted to its historical charm and lifestyle amenities.
Cash Flow
The average cash flow for houses in Haberfield is favorable, with steady yields attracting investors to the area at 2.8%.
Townhouses and units also offer competitive yields, with growth in rental income over the past decades, though data is insufficient.
Common tenants of leased properties in the suburb include families, young professionals, and students seeking quality accommodation close to schools and amenities.
Rental Demand
Vacancy rates for houses in Haberfield have remained low over the past decade, indicating strong rental demand in the area averaging 1.4%.
Townhouses and units also experience low vacancy rates, with increased demand for rental properties since the COVID-19 pandemic, averaging closer to 1%.
Driving forces behind rental demand include population growth, limited housing supply, and the suburb's desirable lifestyle. Rental stock levels have decreased due to heightened demand and limited new developments..
Why You Require a Buyers Agent in Haberfield
Competition in Haberfield is fierce, with its historical charm and limited housing supply making it a sought-after location for buyers.
Stock levels are constantly low due to strict heritage regulations and limited redevelopment opportunities, making it essential to enlist the help of a buyer's agent to navigate the market effectively.
With its strong capital growth prospects and unique heritage appeal, Haberfield presents a rare opportunity for buyers seeking to invest in a piece of Sydney's history.
Having a buyers agent in your corner is crucial to your success in Haberfield. Having the knowledge, strategy, access and negotiation ability will ensure you save thousands on the way in and make potentially millions in the future.
Why not seek Professional Advice from one of our Buyers Agents
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