Greenwich is a waterfront suburb located on the lower North Shore, 4.5km from Sydney’s CBD. It has the luxury of being serviced by three forms of public transport; ferries to Circular Quay, trains via Wollstonecraft station (only 4 stops from the CBD) and buses along Pacific Highway. Greenwich has roots as an industrial suburb with industries including shipbuilding, brickmaking, quarrying and refining. The only remaining industry today is the Gore Bay Terminal which operates as a distribution point for various fuel types, but they are no longer stored on site.
Period homes are still common in Greenwich and began to be built following the subdivision of land by George Green in 1840. Prior to this, Mr Green built Greenwich House, which is still standing on the corner of George and St Laurance Streets. The historic Georgian era sandstone house last sold for $5.2m in 2010. Fortunately, many (over 100) of the period homes are heritage listed so they will be protected in coming years and new development in the area will be limited. Much of the new development is occurring along Pacific Highway on the border with St Leonards rather than in the town centre on Greenwich Road, which helps to maintain the community feel that locals love.
Greenwich’s pleasant tree lined streets and period homes make it feel like it’s miles away from the city, yet it can be reached in 20 minutes via ferry from the wharf or via bus from Pacific Highway. Due to the large point or ‘boot’ sticking out into Parramatta River, a large proportion of the suburb has a waterfront and many properties have picturesque Harbour views. In fact, Greenwich Point and Manns Point are popular viewing points for the Sydney Harbour NYE fireworks.
The numerous period homes with all their lovely features as mentioned above (many of which sit on 700sqm+ blocks of land) are also a big drawcard. The area is more popular than most for owner occupiers (over 70% of residents), although apartments provide a relatively affordable entry point into the market considering their size. For example, a 61sqm 1-bedroom apartment (the size of some smaller 2-bedroom units) with parking and a leafy outlook on Pacific Highway recently sold for $610,000.
Greenwich’s local shopping village on Greenwich Road has all your daily needs including and IGA supermarket, multiple cafés, a pharmacy and a post office. Almost everything else can be found in nearby St Leonards and Crows Nest including a huge range of fantastic restaurants as well as the major supermarkets. The Royal North Shore Hospital and North Shore Private Hospital are also close by should you ever need them.
Locals love enjoying the local parks and reserves including the waterfront Greenwich Point Reserve which has beautiful views of the sunset towards Woolwich and adjoining Leemon Reserve which has picnic and BBQ facilities. For the more adventurous, the path from Gore Cove Reserve can be followed east along the harbour front towards Waverton or you can head west along Lane Cove River from Gore Creek Reserve.
Due to Sydney’s mild weather, sailing at one of the local yacht clubs is popular all year round. In the warmer months, Greenwich Baths is popular as it is a protected ocean pool which is suitable for adults and toddlers alike. It also has a café on site which is great for the parents!
Schools in the area are all extremely well regarded. Greenwich Public School and Hunters Hill High School are the main local public options, although Bradfield Senior College in St Leonards provides another option for academically or artistically gifted students in year 11 or 12. You’re spoiled for choice when it comes to quality independent school options. Some of these include Monte Sant' Angelo Mercy College (secondary girls), Sydney Church of England Grammar School (SHORE) (primary and secondary boys), Wenona School (primary and secondary girls), Marist College North Shore (secondary boys), Marist Sisters' College Woolwich (secondary girls), Saint Ignatius' College (primary and secondary boys) and St Joseph's College (secondary boys).
House prices have continued to grow in Greenwich despite the slowdown in wider Sydney. Largely due to limited supply of houses, it excellent location and access to excellent schools, it is still very much in demand. Only 0.3% of houses in the suburb are currently on the market – this compared to around 1% for Greater Sydney. The median house price now sits at almost $2.75m, although sales prices do vary dramatically depending on features and land size. Around $2m will buy you a two-bedroom semi on 200sqm with parking, but as you move further up the price scale there is less competition so you actually get better value. For example, a three-bedroom freestanding home on over 700sqm with a pool and Harbour Bridge views recently sold for around $3.5m.
Apartment prices have also continued to rise (up 2.5% over the last year). For under the median price of $822,000, you can buy a large, almost new 1-bedroom apartment off the main road (but within walking distance of St Leonards station and shops) with parking and leafy views.
To obtain assistance searching for and buying real estate in Greenwich and to get a buyers’ agent or buyers’ advocate on your side, please call us on 1300 655 615, email us, or send us your buyers wishlist today by clicking here.
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