Tempe is a compact suburb in New South Wales within the Inner West local government area (postcode 2044). The area has roughly 3,550 residents and an established demographic, with a median age of 39. Households earn a median income of $128K 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 +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 education. The top ancestries reported are English, Australian, Irish.
Tempe has a median house price of $1.7 million, which has moved higher by 2.8% year-on-year. Units have a median price of $1.7 million (+6.9% YoY). The current median weekly rent is $990. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $3,000.
Tempe is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1096, which is above the national average of 1,000. Public transport access includes 1 rail station, 9 bus stops. The crime rate in the Inner West LGA is below average at 2,883 incidents per 100,000 population.
From an investment perspective, Tempe shows a gross rental yield of approximately 3.0%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 13.5x is considered stretched. House prices have moved +2.8% 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.