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Homebush, NSW 2140

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Homebush, NSW 2140 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Homebush, NSW 2140”

  1. The total adult population (15 years or older) of Homebush 2140 NSW is 9,951, with a median age of 31. Of those, 46.93% are married, 7.49% are divorced or separated, 43.69% are single and 1.84% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,968. The median monthly mortgage repayment for households in this suburb is $2,167 which is 24.16% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Homebush, postcode 2140, is situated in New South Wales and home to approximately 5447 households. As we move into the third quarter of 2023, the prevalent house prices in Homebush are pegged at a hearty $2,612,106. Meanwhile, the median weekly rent stands at a healthy $669, giving property owners an indicative yield of around 1.33%.

    The socio-economic status of Homebush is exceptionally favourable, with an IRSAD score of 1071, positioning it in the higher strata out of a maximum of 1217. When it comes to the locale’s demographics, however, it cannot be classified as entirely advantageous for investors given the significantly high renter to owner ratio which is found to be 56%. Investors face heightened risk due to the high competition presented by the notable 87% units to houses ratio.

    The affordability index stands at 114 years, highlighting Homebush as a region of reduced affordability when considering the standard 30-year mortgage timeline. This could possibly dampen its appeal for first home buyers and those with a limited budget.

    From the supply perspective, Homebush’s housing market presents favourable circumstances, with the stock on market Percentage recorded at a low 0.2%. This falls within the ideal range of less than 0.4%. This is also evidenced by the inventory Level at a minimal 0.86 months, indicating a speedy turnover.

    Building Approvals Ratio for houses is currently sitting at 1.84%, falling into the neutral range. However, when looking at the Demand metrics, Homebush is trending towards high demand, with houses spending an average of just 29 days on the market.

    Furthermore, the vacancy rates whilst considering both units and houses, are relatively low at 2.11%, further indicating balanced demand for properties in this area. The buy search index, however, is on the lower end at 3, pointing towards a moderate level of demand.

    In spite of some potentially off-putting numbers, it’s crucial to bear in mind that Homebush’s overall market picture may still hold investment potential. Leveraging tools like the RCS (Relative Composite Score) metric developed by HtAG Analytics can facilitate the research process considering they evaluate and interpret data from over 80 metrics. It’s crucial to stay informed of the market trends and comprehensive real estate data while making investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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