Lewisham (postcode 2049) is a smaller suburb in New South Wales within the Inner West local government area. With a population of 4,060, the suburb has a mix of families and early-career residents with a median age of 34. Households earn a median income of $125K per year, with an average household size of 2.2 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 professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Lewisham is $2.1 million, having eased back by 1.4% over the past year. Units have a median price of $865,000 (+1.2% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,817.
Lewisham is served by 4 schools, including 1 primary, 1 combined, 2 special. The average ICSEA score is 1071, which is above the national average of 1,000. Public transport access includes 1 rail station, 1 tram stop, 8 bus stops. The crime rate in the Inner West LGA is below average at 2,883 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 1.7% (low yield). Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.2x is considered stretched. House prices have moved -1.4% 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.