Five Dock suburb profile
Five Dock is a vibrant suburb located in Sydney's Inner West, approximately 10km from the CBD. Known for its strong Italian heritage, the area boasts a lively community atmosphere with a variety of cafes, restaurants, and specialty shops along its main street, Great North Road. Five Dock offers a mix of residential options, from charming Federation-style homes to modern apartments, catering to diverse lifestyles. The suburb is well-serviced by public transport and offers ample recreational spaces, including parks and waterfront areas along the Parramatta River. Its blend of cultural richness and suburban convenience makes Five Dock a sought-after location for families and professionals alike.
Five Dock property market performance
Five Dock’s property market has shown robust growth over the past 12 months, with both houses and units experiencing significant price increases. House values have risen by 9.4%, while unit values have increased by 9.6%. The median house price over the past three months has averaged $2.78 million, while units have averaged $1.19 million, indicating strong demand across property types.
Sales activity has been moderate, with 17 houses and 22 units sold in the past three months. Houses are taking longer to sell, with a median of 60 days on the market, compared to 30 days for units, suggesting a quicker turnover in the unit market.
The rental market in Five Dock has seen varied changes over the last 12 months. While the average rent for houses has remained stable, unit rents have surged by 12.7%, reflecting a growing demand for rental units in the area.
Median price - houses$2.78MPast 3 months
Median price - units$1.19MPast 3 months
Change in value - houses9.4%12 months
Change in value - units9.6%12 months
Houses sold17Past 3 months
Units sold22Past 3 months
Median DOM - houses60Past 12 months
Median DOM - units30Past 12 months
Average rent - houses$920Past 12 months
Average rent - units$800Past 12 months
Change in rent - houses-3.2%Past 12 months
Change in rent - units12.7%Past 12 months
Five Dock demographics
Five Dock, located in Sydney's Inner West, is a charming suburb known for its family-friendly atmosphere and strong sense of community. With a population of 9,823 and a median age of 41, it attracts a mix of families, professionals, and retirees who appreciate its blend of suburban tranquility and urban convenience. The suburb's proximity to the city, coupled with its leafy streets and local amenities, makes it an appealing choice for those seeking a balanced lifestyle.
The housing landscape in Five Dock is diverse, with a significant portion of properties owned outright (32.2%) or with a mortgage (30.1%), reflecting a stable and established community. The rental market, comprising 37.7% of properties, caters to those seeking flexibility, including young professionals and families. The suburb's family-oriented nature is evident, with 47.4% of households being couple families with children, while 36.7% are couple families without children, highlighting its appeal to a broad demographic.
Five Dock's vibrant community life is supported by local parks, schools, and shopping precincts, offering residents a variety of leisure and lifestyle options. The suburb's strong Italian heritage is celebrated through its cafes, restaurants, and annual festivals, adding to its cultural richness. With a median household income of $2,328 per week, Five Dock offers a comfortable standard of living, making it a desirable location for those seeking a welcoming and well-connected community.
Five Dock infrastructure, key developments and investment opportunities
Five Dock is experiencing significant infrastructure enhancements that may positively impact its property market. Located in Sydney's Inner West, just 10 kilometers from the CBD, the suburb benefits from excellent connectivity while maintaining a neighborhood-friendly atmosphere. The suburb features multiple public foreshore areas along the Parramatta River, including a section of the popular Bay Run walking and cycling track, enhancing its appeal for active lifestyles and outdoor recreation.
Five Dock offers a diverse range of amenities including Timbrell Park with its award-winning all-abilities Livvi's Place playground, multiple sports fields, and Barnwell Park Golf Course. The area has undergone gentrification in recent years, with property prices rising as professionals and families are attracted to its Italian cafes, delis, boutique shops, and family-friendly environment. Despite being on a flight path, the suburb's proximity to the city, abundant green spaces, and community facilities continue to drive strong demand in this increasingly popular Inner West location.
Five Dock rental market trends
The rental market in Five Dock has shown stability for houses, with rents remaining unchanged at $920 per week over the past year. In contrast, unit rents have experienced a significant increase of 12.7%, reaching $800 per week. This dynamic suggests a growing demand for units, making Five Dock an attractive option for renters seeking affordability and convenience in a well-established suburb.
Suburbs near Five Dock
Some popular suburbs near Five Dock include: