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Busby suburb profile

Busby is a residential suburb located in the southwestern part of Sydney, within the City of Liverpool. Known for its diverse community and family-friendly atmosphere, Busby offers a range of amenities including schools, parks, and local shops. The suburb is characterized by its mix of older homes and newer developments, providing a variety of housing options. With its proximity to major roads and public transport, Busby ensures convenient access to Sydney's CBD and surrounding areas. The community spirit and accessible lifestyle make Busby an appealing choice for families and individuals seeking a suburban environment.

Busby property market performance

Busby's property market has experienced a notable surge in house values over the past 12 months, with a 17.2% increase, bringing the median house price to approximately $1.14 million. However, there is currently no recorded activity in the unit market, with zero sales and no change in unit values over the same period.

Sales activity for houses has been moderate, with 14 houses sold in the last three months and a brisk median time on market of 24 days, indicating strong demand. The absence of unit sales reflects limited activity or availability in this sector.

In Busby’s rental market, house rents have seen a modest increase of 1.7% over the last year, averaging $590. Unit rents remain unchanged at $475, pointing to a stable but less active unit rental market.

HousesUnits
Median price
Past 3 months
$1.14MN/A
Change in value
Past 12 months
17.2%N/A
Sold
Past 3 months
14N/A
Median days on market
Past 12 months
24N/A
Average rent
Past 12 months
$590$475
Change in rent
Past 12 months
1.7%-1.0%

5 year median price trend for houses and units

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Busby demographics

Busby, located in the southwestern part of Sydney, is a suburb that offers a blend of family-oriented living and community spirit. With a population of 4,446, it is a relatively small suburb that fosters a close-knit community atmosphere. The median age of 32 suggests a youthful demographic, with many young families and professionals calling Busby home. The suburb's proximity to Liverpool and other major hubs makes it a convenient location for those commuting for work or study.

The housing landscape in Busby is diverse, with a significant portion of properties being rented, accounting for 53.2% of the housing market. This high rental rate indicates a demand for flexible living arrangements, appealing to both young families and individuals seeking temporary accommodation. Meanwhile, 22.4% of properties are owned outright, and 24.4% are owned with a mortgage, reflecting a stable base of long-term residents who have invested in the area.

Family dynamics in Busby are varied, with couple families with children making up 45.8% of the households, highlighting the suburb's appeal to families. One-parent families also form a significant part of the community at 32.4%, indicating a supportive environment for diverse family structures. The suburb's community facilities, schools, and parks contribute to its family-friendly reputation, making it an attractive option for those looking to settle in a suburban setting with a strong sense of community.

Busby infrastructure, key developments and investment opportunities

Busby has no major new infrastructure or redevelopment projects in the provided results that would materially change the local property market at this time.

The suburb’s appeal is still supported by its proximity to Liverpool employment hubs, local schools, parks, and everyday amenities, which helps underpin steady demand from families and first-home buyers.

Busby rental market trends

The rental market in Busby shows modest growth, with house rents increasing by 1.7% over the past year to $590 per week, while unit rents have remained stable at $475 per week. This stability, paired with the suburb's accessible amenities, makes Busby a consistent choice for renters and investors seeking steady returns without high volatility.

Suburbs near Busby

Some popular suburbs near Busby include:

How does Busby compare to nearby suburbs?

  • Median house prices: Busby’s median house price is 5.6% higher than Hinchinbrook’s.
  • House price growth: Over the past 12 months, house prices in Busby have grown 5.3% higher than in Hinchinbrook.
  • Selling speed for houses: Properties in Busby are selling 11.1% faster than in Green Valley.
  • House price growth: Over the past 12 months, house prices in Busby have grown 45.5% lower than the average rate of growth across Sydney.

Common questions about Busby

  • Is Busby a nice place to live?

    Busby is a charming suburb that offers a delightful blend of community spirit and family-friendly living. Nestled in the southwestern part of Sydney, it provides a peaceful suburban environment that is perfect for families and individuals seeking a welcoming place to call home. The suburb is known for its diverse community and the warmth of its residents, making it an inviting place for people from all walks of life. With a variety of housing options, from older homes to newer developments, Busby caters to different preferences and lifestyles.

    Living in Busby comes with the advantage of being close to essential amenities. The suburb boasts a range of local shops, schools, and parks, ensuring that families have everything they need within easy reach. The proximity to major roads and public transport links also means that commuting to Sydney's CBD and surrounding areas is convenient, making it an ideal location for professionals and students alike. Safety is generally not a major concern, contributing to the suburb's appeal as a family-friendly destination.

    While Busby offers a serene lifestyle, it may not have the bustling nightlife or trendy cafes found in inner-city areas. However, this is balanced by the strong sense of community and the peaceful atmosphere that many residents appreciate. The suburb's close-knit community is particularly attractive to families, with a variety of family structures well-represented and supported. Although there are no major new infrastructure projects currently underway, Busby's steady demand from families and first-home buyers is underpinned by its proximity to employment hubs and everyday amenities. Overall, Busby is a lovely place to live for those seeking a suburban environment with a strong community feel.

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  • Is it expensive to live in Busby?

    Living in Busby can be considered quite expensive, especially when you look at the property market. The median house price is currently $1,140,000, which is a significant investment. If you're thinking of renting, the average rent for houses is about $590 per week, while units average $475 per week. These figures suggest that housing costs in Busby are relatively high, particularly when compared to the average income levels in the area.

    In terms of earnings, the average income in Busby is estimated to be around $52,000 per year. This is lower than the average income in many parts of Sydney, which can make the high housing costs in Busby more challenging to manage for those earning an average salary. The median total household income in Busby is $1,163 per week, indicating that a large portion of household income would likely be dedicated to housing expenses.

    Overall, while Busby may offer a sense of community and access to local amenities, the cost of living, particularly in terms of housing, can be a financial stretch for many. It's important to carefully consider your budget and financial situation if you're planning to live in this suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Busby a good place to invest?

    Busby presents an interesting opportunity for property investors, particularly those looking at houses. Over the past 12 months, the suburb has experienced a significant 17.2% increase in median house values, indicating strong demand and potential for capital growth. This surge suggests that Busby is becoming more attractive to buyers, possibly due to its affordability compared to other areas and its proximity to essential amenities and transport links.

    However, the unit market in Busby has remained stagnant, with no change in median values or rental prices over the past year. This could indicate a less competitive market for units, which might appeal to investors seeking lower entry costs or those who can add value through renovations. On the rental front, houses have seen a modest 1.7% increase, suggesting steady demand from tenants, while unit rents have not changed, reflecting a more stable rental market.

    Overall, Busby offers a promising investment landscape, especially for those interested in houses. The recent growth in house values and rental demand highlights its potential for capital appreciation and rental income. While the unit market is currently less dynamic, it could present opportunities for investors willing to take a longer-term view. Busby's evolving market dynamics make it a suburb worth considering for property investment.

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Choose the right real estate agents in Busby

Choosing the right real estate agent in Busby can have a big impact on your sale. While there are 33 real estate agents working in the suburb, but just 5 of them were responsible for 45.1% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.82% to 2.33%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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