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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:

Common questions about Five Dock

  • Is Five Dock a nice place to live?

    Five Dock is a delightful suburb that offers a wonderful blend of suburban charm and urban convenience, making it a fantastic place to live. Its vibrant community is enriched by a strong cultural heritage, which is reflected in the variety of cafes, restaurants, and specialty shops that line its streets. Families will find Five Dock particularly appealing due to its family-friendly atmosphere, excellent schools, and ample recreational spaces. The suburb's proximity to the Parramatta River provides residents with beautiful waterfront areas and parks, perfect for leisurely strolls or family picnics.

    Safety is generally not a major concern in Five Dock, contributing to its appeal as a peaceful place to raise a family. The suburb's location offers easy access to the city, making it convenient for professionals who commute to the CBD. However, being on a flight path can occasionally lead to noise disturbances, which is a trade-off for its excellent connectivity. Despite this, the suburb's leafy streets and community facilities, such as sports fields and playgrounds, provide a serene environment for residents to enjoy.

    While Five Dock may not have the bustling nightlife of inner-city areas, it compensates with a strong sense of community and a variety of leisure options. The suburb's ongoing infrastructure enhancements promise to further improve its livability, making it an increasingly desirable location. Whether you're a family seeking a nurturing environment, a professional looking for convenience, or someone who appreciates cultural richness, Five Dock offers a welcoming and well-rounded lifestyle.

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  • Is it expensive to live in Five Dock?

    Living in Five Dock can be quite expensive, especially when you consider the property prices and rental costs. The median house price in this suburb is around $2,780,000, while units are priced at approximately $1,186,000. These figures are significantly higher than many other areas, reflecting Five Dock's appeal and its proximity to Sydney's central business district.

    Renting in Five Dock isn't much easier on the wallet, with average weekly rents for houses at $920 and units at $800. When you compare this to the average wage in Sydney, which is about $91,000 per year, it's clear that a substantial portion of income would go towards housing costs. The median total household income in Five Dock is $2,328 per week, which suggests that while some residents may comfortably afford these costs, others might find it challenging.

    Overall, if you are thinking of living in Five Dock, it's important to consider the high cost of housing. While the suburb offers a fantastic lifestyle with its amenities and location, the expenses associated with living here are on the higher side, making it a less affordable option for those earning around the average wage in Sydney.

    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 Five Dock a good place to invest?

    Five Dock is shaping up to be an attractive investment opportunity, particularly for those interested in the unit market. Over the past year, the suburb has experienced a notable increase in median house and unit values, with units seeing a 9.6% rise. This suggests a strong demand for properties in the area, especially considering the impressive 12.7% increase in unit rents. This rental growth indicates a robust rental market, making it appealing for investors seeking rental income.

    While house rents have remained stable, the significant appreciation in property values highlights Five Dock's potential for capital growth. The suburb's appeal is further enhanced by its vibrant community atmosphere and convenient location, offering easy access to the city and surrounding amenities. This makes it a desirable place for both renters and buyers, ensuring steady demand.

    Overall, Five Dock presents a promising investment landscape, particularly for those focusing on units. With strong rental growth and rising property values, it offers a compelling mix of income potential and capital appreciation, making it a worthwhile consideration for investors.

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