Fraud Blocker

Smithfield, NSW 2164

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 Smithfield, NSW 2164 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Smithfield, NSW 2164”

  1. The total adult population (15 years or older) of Smithfield 2164 NSW is 10,581, with a median age of 38. Of those, 46.24% are married, 11.75% are divorced or separated, 34.72% are single and 7.32% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $5,904. The median monthly mortgage repayment for households in this suburb is $2,167 which is 36.70% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Smithfield 2164, situated in NSW, hosts an estimated total of 6035 households. As it stands in Q3 of 2023, the typical price point for houses in Smithfield 2164 revolves around $975,220, paired with a median weekly rent at $514. This combination produces an indicative yield of 2.74%, slightly lagging behind the minimum attractive market requirement for property investors seeking a cashflow-centered investment strategy.

    Smithfield holds an IRSAD score of 872 out of a possible 1217, suggesting moderately high socio-economic conditions in the area, relative to other Australian suburbs. A key point to note for potential investors is the 43% renter to owner ratio, slightly pushing the boundary for a community’s desired balance, as markets oversaturated with rental properties can carry long term risks with lower return potential.

    Boasting a relatively low units to houses ratio of 1%, Smithfield presents itself as a landlords’ market with less competition for tenants, which could help maintain or push for higher rental yields. With an emphasis on houses over units, the suburb typically attracts families who are generally drawn towards longer tenancy periods.

    The affordability index for Smithfield paints a slightly unfavourable picture with an estimate of 65 years to fully own a property. This is based on a standard 30-year mortgage assumption and suggests decreased affordability associated with the area, which could equate to a more marginalised market audience.

    In terms of supply metrics, Smithfield is holding strong with only 0.12% of stock on market for houses, indicating notably low supply. Paired with an inventory level of merely 0.75 months, it suggests an efficient absorption of new listings by the market, making it a favourable environment from a supply standpoint.

    The building approvals Ratio for houses is below the curve at 1.69%, signalling a steady, low supply market in terms of newly approved residential properties. This bodes well for maintaining property value stability and deterring oversupply scenarios.

    Houses in Smithfield are quickly snapped up within an average of 24 days on the market, indicating a high demand from potential buyers. Additionally, with a vacancy rate that low (combined houses and units) at 0.81%, Smithfield proves to have high demand with tenants as well, therefore supporting higher rental incomes.

    However, with a buy search index for houses standing at 4, Smithfield 2164 only shows a neutral demand based on online search volumes. Regardless, the overall trends and data signify Smithfield as a suburb with predominantly favourable conditions for property investors, thanks to its low supply and high demand.

    Given the ever-changing landscape of the property market, it’s worth noting the merits of using sophisticated tools such as HtAG Analytics’ RCS (Relative Composite Score), which amalgamates over 80 metrics to provide a comprehensive overview for property investment decision making.

    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.

Leave a comment