Ashfield is a vibrant suburb located approximately 8 kilometers south-west of the Sydney Central Business District (CBD).
Historically, Ashfield was inhabited by the indigenous Gadigal people before European settlement. In the late 19th and early 20th centuries, Ashfield experienced significant residential development, attracting affluent families seeking spacious homes in a leafy environment.
Today, Ashfield is a diverse and cosmopolitan suburb, characterized by its blend of historical architecture, cultural diversity, and convenient location.
While gentrification has brought about changes in recent years, Ashfield maintains its unique charm and community spirit. House prices in Ashfield have seen steady growth over the past decades, reflecting its desirability as a residential location.
Lifestyle
Ashfield offers residents a range of lifestyle amenities, including parks, reserves, and recreational facilities. Popular green spaces include Ashfield Park and Pratten Park, where locals enjoy picnics, sports, and leisurely walks.
The suburb boasts a thriving café culture, with numerous trendy coffee shops and eateries lining Liverpool Road and nearby streets. Residents also participate in various lifestyle activities such as walking, running, and cycling in the neighborhood and along the scenic Cooks River.
Ashfield hosts cultural events and festivals throughout the year, celebrating its diverse community and heritage. Pets are popular in the suburb, with many residents taking their furry friends to local parks and pet-friendly cafes.
School Zones
Ashfield is home to several public primary schools, including Ashfield Public School and Haberfield Public School.
Catholic primary schools in the area include St. Vincent's Catholic Primary School and St. Patrick's Catholic Primary School.
Public high schools serving the suburb include Ashfield Boys High School.
Exclusive independent private schools favored by affluent families include Trinity Grammar School and Newington College. The closest school for students with special needs is the Sir Roden Cutler School.
Demographics
According to ABS census data, Ashfield has experienced moderate growth in median weekly household income from 2006 to 2021 rising from $1,041 to $1,888.
Families make up a significant percentage of the population, alongside young professionals, students, and retirees attracted to the suburb's amenities and convenient transport links.
Major cultural ethnicities in Ashfield include Chinese, Anglo-Australian, and Indian communities. The average income in Ashfield compares favorably to the Australian average in ratio terms, reflecting its proximity to employment hubs and diverse housing options.
The suburb's wealth has increased over time, driven by ongoing urban renewal and investment in infrastructure.
Employment
Ashfield has a diverse workforce, with professionals and managerial employees comprising a significant percentage, according to the 2021 ABS census.
The suburb's main employers include businesses in healthcare, education, retail, and hospitality.
Many residents work in the nearby Sydney CBD, Parramatta, and Burwood precincts, with convenient access to employment opportunities via public transport.
Emerging employment trends in Ashfield include the growth of small businesses, technology startups, and healthcare services catering to local needs and demand.
Transport
The main methods of transport in Ashfield include train services from Ashfield railway station, providing easy access to the Sydney CBD and surrounding suburbs.
The suburb is also well-connected by bus routes along Liverpool Road and Parramatta Road, offering convenient travel options for residents.
While private transport is popular, Ashfield's central location and excellent public transport infrastructure encourage sustainable commuting and active lifestyles.
Shopping Centre's, Restaurants & Facilities
Ashfield boasts a high walk score, with a variety of amenities within walking distance. Liverpool Road is a popular shopping destination, featuring supermarkets, specialty stores, and retail outlets.
The suburb offers diverse dining options, with a mix of international cuisines and local eateries. Residents can enjoy shopping at Ashfield Mall and nearby retail precincts such as Westfield Burwood. Popular restaurants in Ashfield include Shanghai Night, New Shanghai, and Taste of Shanghai.
Local facilities such as libraries, community centers, and fitness clubs provide opportunities for socializing and leisure activities. Sporting facilities include tennis courts, swimming pools, and fitness centers, catering to residents' active lifestyles.
A unique feature of Ashfield is its proximity to cultural institutions such as the Museum of Applied Arts and Sciences (Powerhouse Museum), offering residents access to world-class exhibitions and events. Additionally, Ashfield is home to several churches, mosques, and religious places of worship, reflecting its multicultural community and diverse faiths.
Development
Ashfield features a mix of housing options, including heritage-listed Victorian and Federation homes, modern apartments, and townhouses. While there are limited opportunities for large-scale developments due to heritage protections and zoning regulations, small-scale renovations and infill projects are common.
Knock-down rebuilds, renovations, and adaptive reuse of heritage buildings contribute to the suburb's evolving urban landscape.
Redevelopment projects such as Ashfield Central and Ashfield Aquatic Centre have revitalized the suburb's commercial and recreational precincts, attracting investment and enhancing liveability.
Capital Growth
According to CoreLogic data, Ashfield has experienced strong average capital growth for houses, townhouses, and units over the past few decades, averaging 8.8% for houses, 6% for townhouses and 4% for units.
The suburb's convenient location, cultural amenities, and diverse housing options have contributed to its appeal among buyers and investors. Factors driving capital growth include limited supply, high demand from owner-occupiers and tenants, and ongoing infrastructure improvements enhancing accessibility and liveability.
The main buyers in Ashfield are families, young professionals, and investors seeking long-term growth potential and lifestyle amenities in a well-established suburb.
Cash Flow
The average cash flow for houses in Ashfield demonstrates solid yields, with moderate growth over the past decade averaging 2.8-3% yield.
Townhouses and units also offer attractive yields, appealing to investors and tenants seeking urban living options averaging 4.5-5%.
Common tenants in leased properties include families, young professionals, and international residents attracted to Ashfield's proximity to employment hubs, educational institutions, and cultural amenities.
Rental Demand
Ashfield has experienced consistently low vacancy rates for houses, townhouses, and units over the past 10 years with 1.6% average vacancy rates.
The COVID-19 pandemic has further tightened rental stock levels, with increased demand for suburban properties driven by remote work arrangements and lifestyle preferences averaging 1% vacancy rates.
Major driving forces behind rental demand include proximity to educational institutions, healthcare facilities, and public transport hubs. Rental stock levels have decreased due to limited new developments and high demand from tenants seeking quality accommodation in a sought-after location.
Why You Require a Buyers Agent in Ashfield
Competition for properties in Ashfield is fierce, with low stock levels and high demand contributing to competitive bidding and price escalation.
A buyer's agent can provide invaluable assistance in navigating the competitive market, identifying lucrative opportunities, and negotiating favorable terms. The suburb's blend of historical charm, cultural diversity, and urban convenience make it a desirable destination for buyers seeking long-term growth potential and lifestyle amenities in the heart of Sydney.
Additionally, Ashfield offers residents access to top-ranking schools, healthcare facilities, and recreational opportunities, enhancing its appeal as a residential and investment location.
Having a buyers agent in your corner is crucial to your success in Ashfield. Having the knowledge, strategy, access and negotiation ability will ensure you save thousands on the way in and make potentially millions in the future.
Why not seek Professional Advice from one of our Buyers Agents
We are unbiased market investors, who will put you first.
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