Westleigh (postcode 2120) is a compact suburb in New South Wales within the Hornsby local government area. With a population of 4,501, the suburb has a settled, mature resident base with a median age of 45. Households earn a median income of $157K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% 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 healthcare and education. The top ancestries reported are English, Australian, Chinese.
Westleigh has a median house price of $2.3 million, which has jumped by 15.9% year-on-year. Units have a median price of $645,000 (+4% YoY). The current median weekly rent is $770. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $3,000.
Public transport access includes 32 bus stops. The crime rate in the Hornsby LGA is low at 1,229 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 1.7%, which reads as low yield. Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 14.6x is considered stretched. House prices have moved +15.9% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.