April 5, 2022
The actress hopes that her gorgeous Sydney waterfront property in Birchgrove, an affluent enclave adjacent to Balmain, will sell for more than $9 million, and if the luxury features and finishes of the house are anything to go by - 180-degree views, a jetty, pontoon, mooring and a recent innovative renovation, which will have added value to the home - this is a fair expectation in a still buoyant Sydney property market.
The location of the celebrity pad in the Inner West has surprised many when Australian celebrities such as Hugh Jackman and Russell Crowe are usually tempted by the palatial homes in the Eastern Suburbs.
But upon closer inspection of Rebel’s post on Instagram, it is obvious that the location and vibe of the Inner West are what she enjoyed most about living in the area.
In fact, over the years the area has become a magnet for young, progressive property owners, despite its less auspicious start as a working-class area to house employees of the local shipbuilding, mining and engineering industries.
Since the decline of those industries in the 1960s, a steady migration of mainly young professionals has gentrified the Inner West suburbs by converting traditional worker’s cottages and “row” or terrace houses into the stylish, multi-million homes we see on the market today.
Young buyers, drawn to the café lifestyle of the area, its vibrant pubs, vintage shops, eclectic range of restaurants and excellent choice of schools, have created one of the hippest areas in Sydney.
Another benefit of the area is that though the average price of a house in Sydney sits currently around the $1.6 million mark, many in the Inner West suburbs remain below that figure. And though property prices in Birchgrove are premium – because of their location on the water - suburbs like Petersham, Marrickville, Leichhardt and Newtown are still financially viable for young professionals and families.
While Balmain is the hub of the hipster, Newtown is the “colourful quarter” of the Bohemian and couldn’t be more different to the relaxed ambience of Birchgrove. Thanks to its evasion of the CBD lockout laws, the location of the Enmore Theatre, its diverse offerings of live entertainment and the “ethnic eatery paradise” found on King St – or “Eat Street” as it has become known in the media - it is establishing itself as the new clubland of Sydney, a vibrant, after-hours destination that rarely sleeps.
Newtown’s population is diverse. Students from Sydney University mix with professionals, performers and academics, and notable figures from the area include Aussie bands The Whitlams and Sticky Fingers as well as the current leader of the ALP, Anthony Albanese, who lives in Camperdown.
No two suburbs are the same, which means the Inner West has something to offer every buyer. However, the attributes these suburbs share are what make it the community locals have come to love.
One of the best ways to hear about listings like Rebel’s is to stay in the loop with Listing Loop, the one-stop shop for buying and selling property.
And it is easy to become a member by simply signing up for free via ListingLoop.com.au or downloading our app.
If the latest prediction from the Commonwealth Bank of a 12% drop in the Sydney property market by 2023 is right, it is time to look at these suburbs NOW. Rebel's decision to sell is due to the logistics of work commitments overseas, but there are many reasons celebrities list their properties and many hidden treasures to be discovered in Sydney like Birchgrove. When they do, you must be prepared to act quickly by:
1) Keeping abreast of the latest off-market and pre-market listings in your property hub, and
2) Using our app to receive real-time alerts for just listed properties
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