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Ashfield

POSTAL CODE: NSW, 2131
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A steady increase in median property prices over a five-year period in the suburb translates to a 27.78% capital gain.

Property investors in ASHFIELD enjoyed capital gains of 4.55% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $2,300,000.

Profits due to an upward trend in home prices there averaged 9.26% per annum over a 3-year period.

Home owners selling their properties and realtors in ASHFIELD usually have to wait an average of 56.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $950 mark, reflecting a 2.15% increase in returns based on the current median price in ASHFIELD.

ASHFIELD, 2131 places 822nd in Australia based on median property value growth during the quarter.

Surburb overview

Ashfield is an inner-west suburb of Sydney, located approximately 8 kilometres west of the Sydney Central Business District. It falls under the jurisdiction of the Inner West Council and covers an area of 3.41 square kilometres. Summer Hill, Croydon, Haberfield, and Ashbury border the suburb.

According to the 2021 Census, Ashfield had a population of 23,012 residents. The median age was 36 years. Approximately 45% of residents were born in Australia, with significant communities from China (12.2%), Nepal (6.7%), and India (3.2%). Languages spoken at home include English (39.6%), Mandarin (14.7%), and Nepali (7.2%).

Public transportation in Ashfield is well-established. Ashfield railway station, part of the Sydney Trains network, serves the suburb by providing access to the T2 Inner West & Leppington Line. Additionally, bus routes connect Ashfield to various parts of Sydney. Major roads, such as Parramatta Road and Liverpool Road, run through the suburb, facilitating travel by car. 

Ashfield Mall offers a range of essential amenities, featuring a variety of stores, including Kmart, supermarkets, and specialty shops. The suburb also offers a diverse culinary scene along Liverpool Road, featuring a range of cuisines, including Chinese, Indian, and Italian.

Recreational activities in Ashfield are supported by several parks and community facilities. Ashfield Park offers open spaces, walking paths, and sports facilities. Pratten Park provides additional green space for residents.

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