Similarly, to most inner city neighborhoods Balmain has a proud working-class history. It was always a bastion of unions and labor movements, no wonder that the Australian Labor Party was founded here. Nowadays, Balmain is one of the most sought-after neighborhoods, due to its proximity to the waterfront and business center. This region is notorious for green public spaces, stylish housing, and cozy little coffee places on each corner. It is a great place to settle down and find a long term apartment for rent.