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Ashfield, NSW 2131

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 Ashfield, NSW 2131 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 “Ashfield, NSW 2131”

  1. The total adult population (15 years or older) of Ashfield 2131 NSW is 20,315, with a median age of 36. Of those, 39.46% are married, 11.14% are divorced or separated, 44.58% are single and 4.86% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $9,024. The median monthly mortgage repayment for households in this suburb is $2,210 which is 24.49% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in NSW, Ashfield 2131 houses a vast section of the population, numbering at an estimated 12,376 households. As we step into Q3 of 2023, prevailing property trends reveal that an average house in the suburb is priced at about $1,897,845. With a median rent of $764 per week, property investors can expect an indicative yield of approximately 2.09%.

    Taking a look at the suburb’s socio-economic standing, it presents an IRSAD score of 1059 out of 1217. This figure signifies a well-developed socio-economic scenario boasting efficient access to economic resources and a populace indulging in skilled professions.

    Drilling down into more specific metrics, the renter to owner ratio in this suburb stands at 51%, slightly above the recommended optimum, indicating a considerable number of rental properties compared to owner-occupied ones. An even more interesting statistic is the units to houses ratio, standing at an undeniably high 75%. With such a high proportion of units to houses, prospective investors are faced with a competitive rental market scenario.

    The affordability index for houses in Ashfield makes for another crucial figure at 82 years, illustrating that complete property ownership in this area indeed demands a considerable length of time. This prolonged period can be owing to a multitude of factors, including current interest rates, median family income, and existing property prices.

    From a supply viewpoint, Ashfield’s property market appears favourable with a stock on market Percentage of 0.23%, pointing towards a low supply. This is complemented by an inventory level for houses at 1.11 months, indicative of a readily absorbent property market.

    In terms of building activity, the building approvals Ratio for houses stands at a mere 0.04%, signifying limited supply of new residential buildings in the market. The days on market metric gives us an insight into demand, with houses spending an average of 20 days on the market, indicating comparatively high demand.

    Analysing the vacancy trend reveals a low vacancy rate of 0.77% for combined houses and units, potentially highlighting the high demand and limited supply of rental properties in area. In this regard, the buy search index figures for houses give us an intriguing insight at a value of 3, sitting right at what could be considered a neutral demand.

    While it is essential to remember that metrics can swing from favourable to unfavourable, a keen eye on these statistics can empower investors to make informed decisions catering to specific investment goals. Moreover, the HtAG Analytics’ RCS (Relative Composite Score) makes the task significantly easier by collecting as many as 80 different metrics into an easily digestible metric.

    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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