Get a property report and suburb profile for any property in Homebush

Homebush is a mature, mainly residential inner west suburb with tree-lined streets of federation and interwar cottages and pockets of low-rise apartments clustered near Homebush station. It sits beside Homebush Bay and Sydney Olympic Park, so residents have easy access to riverside parkland, sporting facilities and large green spaces. A village-like shopping strip and local cafes cover day-to-day needs, and the area appeals to families and professionals seeking established housing, good public transport and nearby recreation.

About 11,660 people live in Homebush; the median age is 31 and median household income is $2,101 a week (roughly $109,252 a year). Most dwellings are rented (58.1%) while 41.9% are owner-occupied, so the suburb mixes an active rental market with longer-term residents. The area is included in a state-led transport-oriented development precinct, with planned transport upgrades and council projects for streetscape, community facilities and parks that will affect local connectivity and amenities.

Rents and unit prices in Homebush sit notably above what local households earned at the last Census. A house rent of $895 a week would take about 42.6% of a typical local household's weekly income at the last Census, a large share, while a unit rent of $730 a week would take about 34.7%, a sizeable share. The median unit price of $674,000 is about 6.2 times a typical local annual household income at the last Census, which places buying a unit well above local incomes. On these figures, renting looks somewhat less stretched than buying a unit, though both use a significant slice of local income.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The clearest movement in Homebush over the past year was in house values, which rose 27.8%, a strong increase in what houses are worth. Unit values barely moved, up 0.9%, a slight rise. On the income side, house rents climbed 8.7%, a solid gain, while unit rents rose 4.3%, a modest increase.

Taken together, the figures show houses have been the stronger performer this year for both capital growth and rental growth. Whether that balance suits your needs depends on whether you prioritise capital growth or rental income and on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.