Located in New South Wales within the Canada Bay local government area, Abbotsford is a mid-sized suburb (postcode 2046). With a population of 5,431, the suburb has a mature demographic with a median age of 47. Households earn a median income of $118K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Italian.
The median house price in Abbotsford is $3.5 million, having eased back by 0.6% over the past year. Units have a median price of $1.2 million (-16.4% YoY). The current median weekly rent is $920. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $3,000.
Abbotsford is served by 1 school, including 1 primary. The average ICSEA score is 1113, which is well above the national average of 1,000. Public transport access includes 1 ferry wharf, 14 bus stops. The crime rate in the Canada Bay LGA is below average at 2,038 incidents per 100,000 population.
On the investment side, Abbotsford shows a gross rental yield of approximately 1.4%, rated as low yield. Property prices are above the state median ($3.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 29.7x is considered stretched. House prices have moved -0.6% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.