On location - Eastwood

Eastwood & Lidcombe,

Sydney Inner West, NSW, Australia

Where are we?

Eastwood and Lidcombe are located in the north-west of Sydney, New South Wales, and are positioned along the railway line connecting the outer suburbs of Sydney to the CBD.

Lidcombe, just 14 kilometres from the CBD, has all the conveniences in the one place - supermarkets, schools, places of worship, health specialists and access to excellent public transport. There really is no need to venture outside this culturally diverse suburb.

Seventeen kilometres from Sydney’s CBD is Eastwood, a suburb alive with culture. Eastwood still enjoys the rarity of a community-minded spirit that is often lost in inner city living; and with no major shopping centre, the streets are a cultural precinct of their own, with many different eateries, grocers and retailers, which in the evening and weekends come to life with locals and visitors.

David Kim has established a RE/MAX K1 office in each suburb.

The Market:

The property markets in Eastwood and Lidcombe are very similar to other areas across Sydney right now. General numbers of properties on the market are down and while the urgency has gone out of the market, buyers are still very much around and properties are selling fast when the property is priced correctly.

Western Sydney suburbs, including Eastwood and Lidcombe, have experienced the biggest increase in Sydney property prices over the past decade. Eastwood’s median house price rose by 165.2% over this period with current prices sitting around $1.86million. In Lidcombe, buyers may expect to pay $1.31million after a rise of 143.6%.

After significant increases in house prices over the last five years, prices have been holding steady, although the market has recently experienced a drop in clearance rates. Although the Sydney property market is cooling, high prices are likely to remain as demand for property remains steady against the backdrop of less supply.

The Lifestyle:

There are a number of good schools, parks and recreational options throughout both suburbs making them brilliant, family-friendly suburbs and communities.

They have an eclectic mix of cultures with a presence of Korean and Chinese families and businesses alongside others.

There is a strong sense of culture throughout the area, which is largely characterised by many cultural celebrations and wonderful dining options.

Eastwood’s main street becomes a vibrant open market at night, similar to what you would find throughout Asia.

A culturally diverse and inclusive suburb, there is always something to see and explore.

In David’s view:

I came to Eastwood from South Korea over 30 years ago, so I have a strong association with the area. I am truly passionate about this location in which I live and work.

It is a wonderful place to be and there is a great sense of community. I’ve lived here for a long time now. I raised my family here. I still love it after all these years.