John McGrath’s nine cafe society home buying hotspots in Sydney

Leading Sydney estate John McGrath says nearby cafe culture is one of the major factors affecting home buyers.

He says the desire for the cafe lifestyle is one the strongest trends attracting buyers.

He quotes statistics which says over-65s are leading the trend towards spending more time in cafes. They have doubled the visits they make to cafes since 2008. Next is the under-25s who have increased their visits by a third.

“Given the strength of this trend, it’s no wonder that properties within walking distance of the local café village are increasingly on buyers’ ‘must have’ lists.,” McGrath wrote on Switzer.

“I think this is particularly so among buyers living on their own in smaller properties. Living alone is a growing trend in Australia and the opportunity to stroll up the road to visit their favourite café for a coffee or a meal is particularly important to them.”

He gives a list of nine areas in Sydney sought after by buyers seeking a cafe culture.

Lane Cove

Elizabeth Bay/Potts Point

Mosman/Neutral Bay

Manly

Bondi Beach

Paddington/Woollahra

Surry Hills/Redfern

Newtown/Erskineville

Leichhardt/Annandale

Alistair Walsh

Alistair Walsh

Deutsche Welle online reporter

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