Ashbury (postcode 2193) is a compact suburb in New South Wales within the Canterbury-Bankstown local government area. With a population of 3,353, the suburb has an established demographic with a median age of 44. Households earn a median income of $134K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 education and healthcare. The top ancestries reported are Australian, English, Italian.
Median house prices in Ashbury stand at $2.4 million, having risen solidly by 10% over the last twelve months. Units have a median price of $900,000 (-40.6% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,817.
Ashbury is served by 1 school, including 1 primary. The average ICSEA score is 1111, which is well above the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,382 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.5% (low yield). Property prices are above the state median ($2.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.0x is considered stretched. House prices have moved +10.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.