Sydney is a well-established suburb in New South Wales within the Sydney local government area (postcode 2000). It is home to about 16,667 residents, with a mix of families and early-career residents and a median age of 32. Households earn a median income of $116K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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, community & personal service. Employment in the area leans toward accommodation & food and professional services. The top ancestries reported are Chinese, English, Australian.
The median house price in Sydney is $3.7 million, broadly unchanged over the past year. Units have a median price of $910,000 (-9% YoY). The current median weekly rent is $1100. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,691.
Sydney is served by 7 schools, including 2 primary, 3 secondary, 2 combined. The average ICSEA score is 1068, which is above the national average of 1,000. Public transport access includes 10 rail stations, 4 tram stops, 28 bus stops. Healthcare facilities include 1 public and 3 private hospitals. The crime rate in the Sydney LGA is moderate at 7,608 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.6% (low yield). Property prices are above the state median ($3.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 31.7x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.