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St Peters is about a 10-minute drive from the city. It’s a typical working-class inner-city suburb, in the very early stages of gentrification. Signs of this include modern apartments/townhouses replacing older homes, which range from the traditional period-style homes made of brick and stone or weatherboard, to homes which were originally built in the 1950s and 1960s. Parts of this area are quite industrial, with many large offices, warehouses and small factories, especially in the northern section of St Peters. This suburb isn’t as cosmopolitan as its better known neighbours, Erskineville and Newtown, but it’s being rejuvenated.
Median house price – $825,000.
Median unit price ¬- $549,000
The shopping facilities are quite limited in St Peters but there’s an abundance of shopping options in neighbouring Newtown and Marrickville. A wide variety of shops, cafes and restaurants can be found on King Street in Newtown but there’s an extensive range of shopping at the large Metro Shopping Centre which is in the northeast section of Marrickville.
There’s one school in this suburb, St Peters Public school, which caters to children of primary school age. This suburb is serviced by bus and it has a train station.
Why you should buy here
St Peters is a relatively affordable suburb, considering its proximity to the city.
It’s close to Sydney airport. There are many renovation opportunities due to the numerous period-style homes in the area that require updating. St Peters is in the early stages of gentrification. The proposed M6 Freeway will run through the eastern section of St Peters, which will provide even better access to the city and southern suburbs.
Areas to focus on
Focus on the older homes, in particular Federation-style properties. Silver, Florence and Brown streets are some of the better streets in St Peters.
Areas to avoid
Steer clear of the Princes Highway, which runs through the middle of this suburb. Unwins Bridge Road is also best avoided. Be aware of the flight path and avoid buying residential property directly under this.
Peter Koulizos is a lecturer and author of “Top Australian Suburbs” www.thepropertyprofessor.com.au