Five Dock

POSTAL CODE: NSW, 2046
HOUSE
UNIT

Property investments in FIVE DOCK did not fare well against the rest of the country last year, registering a median home price decrease of 2.39%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains FIVE DOCK, 2046 saw average growth in the long term.

Real estate investors could earn a rental income of $1000 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 54.1 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $2,790,000.

FIVE DOCK ranks 1051st on the list of best yielding suburbs for rental properties in NSW, posting a 1.86% return.

Surburb overview

Five Dock is a vibrant and family-friendly suburb located approximately 10 kilometres west of the Sydney Central Business District. It forms part of the City of Canada Bay Local Government Area. It is known for its strong Italian heritage, bustling village atmosphere, and proximity to parks and the Parramatta River.

According to the most recent Census data, the suburb has a population of around 9,000. The median age of residents is 40, reflecting a mix of families, professionals, and older couples. The housing landscape in Five Dock is diverse, featuring a blend of Federation-style homes, post-war houses, modern apartments, and townhouses. Many older homes have been restored or renovated, giving the suburb a mix of historic charm and contemporary appeal.

Public transport is well-developed, with regular bus services connecting the suburb to the Sydney CBD, neighbouring suburbs, and transport hubs like Burwood and Drummoyne. The suburb is also easily accessible by car, with Parramatta Road and Lyons Road providing direct routes to the city and other parts of Sydney’s Inner West. The upcoming Metro West project, which will feature a new metro station in Five Dock, is set to enhance the suburb’s connectivity further, providing fast and efficient access to the CBD and Parramatta.

One of Five Dock’s most appealing features is its thriving village atmosphere around Great North Road. This bustling strip has various cafes, restaurants, boutique shops, and essential services. The area has a strong Italian influence, with many Italian restaurants, delis, and bakeries reflecting the suburb’s Italian heritage. 

Timbrell Park is one of the largest parks in the area, offering sports fields, playgrounds, and picnic areas. The park also connects to the famous Bay Run, a scenic walking and cycling track that loops around Iron Cove and offers stunning water views. Other local parks, such as Halliday Park and Five Dock Park, provide additional green spaces for outdoor activities and family gatherings.

Five Dock has excellent educational facilities, with several highly regarded schools serving the area. These include Five Dock Public School, Domremy College, and All Hallows Catholic Primary School. The suburb’s family-friendly environment and access to quality education make it a desirable location for families with school-aged children.

Five Dock benefits from its proximity to neighbouring suburbs such as Drummoyne, Abbotsford, and Concord, which offer further dining, shopping, and recreational options. The nearby Westfield Burwood shopping centre provides a wide range of retail outlets and services, ensuring residents can access everything they need.

You’re out of free articles for this month
Loading form...