Smithfield is a settled mid-to-large suburb in New South Wales within the Fairfield local government area (postcode 2164). It is home to about 13,160 residents, with a settled mid-life population and a median age of 38. Households earn a median income of $68K per year, with an average household size of 3.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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, technicians & trades. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are Australian, English, Vietnamese.
Median house prices in Smithfield stand at $1.5 million, having risen steeply by 19.1% over the last twelve months. Units have a median price of $979,000 (+16% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,167.
Smithfield is served by 2 schools, including 2 primary. The average ICSEA score is 970, which is around the national average of 1,000. Public transport access includes 1 rail station, 90 bus stops. The crime rate in the Fairfield LGA is below average at 2,252 incidents per 100,000 population.
Looking at the investment signals, Smithfield shows a gross rental yield of approximately 2.3%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 22.1x is considered stretched. House prices have moved +19.1% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.