Ashfield is a large suburb in New South Wales within the Inner West local government area (postcode 2131). With a population of 23,012, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $98K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Chinese, English, Australian.
The median house price in Ashfield is $2.3 million, having increased 4.5% over the past year. Units have a median price of $913,000 (+3.6% YoY). The current median weekly rent is $685. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,210.
Ashfield is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1089, which is above the national average of 1,000. Public transport access includes 68 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Inner West LGA is below average at 2,844 incidents per 100,000 population.
From an investment perspective, Ashfield offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.4x is considered stretched. House prices have moved +4.5% year-on-year.
Ashfield is a large suburb in New South Wales within the Inner West local government area (postcode 2131). With a population of 23,012, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $98K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Chinese, English, Australian.
The median house price in Ashfield is $2.3 million, having increased 4.5% over the past year. Units have a median price of $913,000 (+3.6% YoY). The current median weekly rent is $685. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,210.
Ashfield is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1089, which is above the national average of 1,000. Public transport access includes 68 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Inner West LGA is below average at 2,844 incidents per 100,000 population.
From an investment perspective, Ashfield offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.4x is considered stretched. House prices have moved +4.5% year-on-year.