Suburb Profile Report for Homebush West NSW (2140)

Homebush West House: Median price $1,400,000, Annual capital growth 13.48%, Number of sales 19, Weekly median advertised rent $500

Homebush West Unit: Median price $600,000, Annual capital growth 6.20%, Number of sales 170, Weekly median advertised rent $488

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

NSW has seen average median house prices change by 6.87% which means that Homebush West, 2140 has done well for property investors by showing a capital gain of 25.11% over the last year

The five-year average increase in median property values for Homebush West,2140 has given property investors a potential capital gain of 94.44% across each of those five years.

The NSW suburb of Homebush West, 2140 is in the Strathfield local government area.

Investment property in Homebush West has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.56%

Over the longer term, Homebush West has seen property prices show investors a 29.80% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Homebush West, 2140. Typically our figures indicate that -5.14% is being offered, which puts this NSW suburb at 735th most discounted overall in Australia.

On average over the past year, suburb has had 14.17 sales per month, which equates to 170 per year.

YIP MAG Information supplied by:

YIP MAG
January 2016

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There are signs Homebush West has become an attractive spot for buyers recentlyFull summary There are signs Homebush West has become an attractive spot for buyers recently.

Units in the suburb are currently on the market for an average of 37 days, a shorter period than most of its neighbours, and more than 180 have been sold in the last year.

Sellers seem to be taking notice of this too, with units only being held for an average of six years before they’re put on the market.

Capital growth in the area may explain its popularity.

The current median price for a unit is $560,000, following capital growth of more than 39% over the last five years.

Helping to push that capital growth along is probably the easy access offered to the rest of Sydney from Homebush West.

Flemington train station offers public transport to the heart of Sydney as well as the rest of the western suburbs, while Parramatta Road and M4 Motorway provide access for drivers.

ANZ Stadium is also nearby and provides plenty of entertainment options.Close
HOUSE UNIT
$1,400,000 $600,000
-6.67% 0.00%
25.11% 2.56%
13.48% 6.20%
$500 $488
19 170
1.86% 4.23%
N/A 54.95

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 5781
Median household income ($/weekly) 1318
Median age of persons 30
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 521 9.0
    20-24 years 537 9.3
    25-34 years 1804 31.2
    35-44 years 854 14.8
    45-54 years 626 10.8
    Others 1440 24.9
    Age Group
    Census Count Percent(%)
    Registered Married 2272 50.9
    Not Married 1908 42.7
    Defacto Relationship 288 6.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1475 27.5
    Croatia 1053 19.6
    Indonesia 853 15.9
    Lebanon 317 5.9
    Other 506 9.4
    Others 1163 21.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 596 11.5
    Christianity 1690 32.5
    Hinduism 1166 22.4
    Islam 257 4.9
    No Religion 1317 25.3
    Others 178 3.4
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 178 9.3
    $1,000-$1,249 184 9.6
    $1,250-$1,499 205 10.7
    $1,500-$1,999 312 16.4
    $2,000-$2,499 217 11.4
    Others 812 42.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1992 44.5
    Not in the labour force 1308 29.2
    Employed, worked part-time 749 16.7
    Unemployed, looking for work 262 5.9
    Employed, away from work 164 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 864 29.7
    Technicians & trades workers 341 11.7
    Clerical & administrative workers 429 14.8
    Sales 277 9.5
    Labourers 268 9.2
    Others 727 25.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 291 21.0
    Secondary 308 22.3
    Technical or Further Educational Institution 191 13.8
    University or other Tertiary Institutions 411 29.7
    Other type of educational institution 111 8.0
    Others 71 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4504 83.0
    Separate house 751 13.8
    Semi-detached, row or terrace house, townhouse 170 3.1
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1030 50.7
    Being purchased 753 37.1
    Fully owned 238 11.7
    Other tenure type 9 0.4
    Tenure Type
Census 2011, ABS
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