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Homebush West, 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 West, 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 West, NSW 2140”

  1. The total adult population (15 years or older) of Homebush West 2140 NSW is 7,697, with a median age of 31. Of those, 47.67% are married, 9.26% are divorced or separated, 41.52% are single and 1.52% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,288. The median monthly mortgage repayment for households in this suburb is $2,000 which is 24.13% of their earnings.

    Source: ABS Census Data (2021)

  2. In NSW, the suburb of Homebush West boasts an estimated 4,170 households. As of Q3 2023, this bustling suburb records an average house price of $1,853,778. With a median weekly rent price of $685, property investors can anticipate an indicative yield of around 1.92%.

    Homebush West holds an IRSAD score of 1021 out of a possible 1217, suggesting a relatively high socio-economic score that is representative of access to economic resources and engaging occupations in the area. Yet, when it comes to the housing landscape, a substantial renter to owner ratio of 61% suggests a predominant rental market. Indeed, the units to houses ratio is found at a considerable 96%, meaning the area is heavily populated with units rather than standalone houses.

    In terms of affordability, it’s crucial to factor in that the index for houses in the suburb is recorded at 88 years. This indicates that high property prices in conjunction with other factors such as income and current interest rates, ultimately leading to a longer than average span to full property ownership.

    Supply metrics reveal a stark picture; the stock on the market percentage stands at 1.86% while the inventory level holds at 6 months. These figures suggest a high supply environment, potentially creating a more challenging field for those looking to sell. The high building approvals ratio of 3.7% further inflates this narrative of a potentially oversaturated market.

    However, the picture isn’t entirely bleak. With days on the market for houses averaging 24, there’s a quick turnover with listed properties. Meanwhile, a vacancy rate of 2.48% (combining both houses and units) indicates a fairly balanced demand. Despite the buy search index for houses being at 3, somewhat limiting demand, the low days on market statistic and balanced vacancy rate could present potential opportunities.

    Naturally, tracking trends within these metrics over time will be crucial in navigating the property landscape and uncovering optimal investment opportunities in Homebush West.

    The circumstances of Homebush West certainly serve as a reminder that not only specific metric values but also their trend over time carries substantial weight, especially in property investment. Certain metrics may fall outside of favourable ranges, yet if a majority incline towards favourability, worthwhile investment opportunities may indeed present themselves.

    For a holistic perspective on the market, the Relative Composite Score (RCS) developed by HtAG Analytics can help simplify decision-making by incorporating over 80 critical metrics. Keep an eye on the evolving scores and trends in the RCS and real estate dashboard to ensure you stay ahead of the curve in the dynamic Homebush West housing market.

    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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