Suburb Profile Report for Homebush West NSW (2140)

Homebush West House: Median price $1,250,000, Annual capital growth 16.69%, Number of sales 10, Weekly median advertised rent $500

Homebush West Unit: Median price $610,000, Annual capital growth 6.54%, Number of sales 192, Weekly median advertised rent $480

  • 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 10.13% which means that Homebush West, 2140 has done well for property investors by showing a capital gain of -3.85% 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 56.84% across each of those five years.

Homebush West, 2140’s gross rental yield is 2.08%

At number 1173th in the list of Australian suburbs ordered by increase in median house value over the last year, Homebush West, 2140 is in the BOTTOM 40% with a property value increase of -0.49% recorded in median house prices.

Homebush West,2140 was ranked 1032 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -4.25% to buyers in Homebush West at the moment, which is less than average for the rest of NSW.

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

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
Metrics i HOUSE UNIT
$1,250,000 $610,000
-1.96% 0.00%
-3.85% -0.49%
16.69% 6.54%
$500 $480
10 192
2.08% 4.09%
N/A 49.9

Source: CoreLogic

DSR Score for property investment : Below average (H), Above average (U)
Find a mortgage broker in Homebush West NSW
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
Chart Table
Recent sales & rentals