Homebush

POSTAL CODE: NSW, 2140
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Figures from the previous quarter show that capital gains for real estate buyers in HOMEBUSH are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $730 based on current median home prices for the suburb.

On average, rents on listings have reached the $730 mark, reflecting a 1.11% increase in returns based on the current median price in HOMEBUSH.

HOMEBUSH, 2140 ranks th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 1150th on the list of best yielding suburbs for rental properties in NSW, posting a 1.11% return.

Surburb overview

Homebush, NSW 2140, is a vibrant suburb located approximately 12.7 kilometres west of Sydney's central business district. It falls within the Municipality of Strathfield and is known for its rich history, diverse community, and excellent transport links. 

As of the 2021 Census, Homebush had a population of 11,660, reflecting significant growth from 7,007 residents in 2016. The suburb boasts a multicultural community, with 27.9% of residents born in Australia. Other common countries of birth include India (19.7%), China (12.6%), South Korea (7.1%), Nepal (5.9%), and Sri Lanka (2.7%). The median weekly household income is $2,101, which is 20.3% higher than the national median. 

Homebush is well-served by public transport. The Homebush railway station, a heritage-listed site opened in 1855, is located on The Crescent and is part of the Main Suburban line. It features seven platforms and is served by Sydney Trains' T2 Leppington and Inner West, as well as T3 Liverpool and Inner West Line services. The station is staffed daily and is accessible for passengers with disabilities.

Additionally, Transit Systems operates bus route 408, which connects Rookwood Cemetery to Westfield Burwood via Flemington and Strathfield, passing through Homebush station. NightRide services N60 and N61 also serve the area, providing late-night transport options to and from the Sydney CBD.

In November 2024, the New South Wales (NSW) government announced a master plan for rezoning seven Sydney suburbs, including Homebush, as part of its Transport-Oriented Development (TOD) program. This initiative aims to address the housing crisis by enabling the construction of nearly 60,000 homes and creating over 126,000 jobs across these precincts. Homebush will accommodate approximately 18,000 new homes, the highest number among the selected suburbs. The plan includes significant investments in public spaces and active transport links, with $520 million allocated to these areas. Affordable housing will be integrated, with rates ranging from 3% to 18%. 

Homebush offers a blend of residential and commercial areas, with a variety of shops, cafes, and restaurants, particularly along The Crescent and Parramatta Road. The suburb is situated near Sydney Olympic Park, providing residents with access to extensive recreational facilities, parks, and entertainment venues.

Educational institutions in and around Homebush include Homebush Boys High School and Marie Bashir Public School, catering to the suburb's diverse population.

Homebush's strategic location, combined with its rich history and ongoing development initiatives, makes it an attractive suburb for both residents and investors.

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