North Strathfield (postcode 2137) is a smaller suburb in New South Wales within the Canada Bay local government area. With a population of 4,618, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $121K per year, with an average household size of 2.7 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, clerical & administrative, managers. Employment in the area leans toward healthcare and professional services. The top ancestries reported are Chinese, Australian, English.
Median house prices in North Strathfield stand at $2.5 million, having jumped by 11.7% over the last twelve months. Units have a median price of $930,000 (+7.3% YoY). The current median weekly rent is $880. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,500.
North Strathfield is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1125, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 9 bus stops. The crime rate in the Canada Bay LGA is below average at 2,038 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.8% (low yield). Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.8x is considered stretched. House prices have moved +11.7% 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.