Hurstville suburb profile
Hurstville is a bustling suburb located in the southern part of Sydney, approximately 16km from the CBD. Known for its vibrant multicultural community, Hurstville offers a rich tapestry of cultural experiences, reflected in its diverse dining options and bustling shopping precincts. The suburb is a major commercial hub, featuring Westfield Hurstville and a variety of local businesses. With excellent public transport links, including a major train station, Hurstville provides easy access to the city and surrounding areas. Its blend of urban convenience, cultural diversity, and family-friendly amenities makes Hurstville a popular choice for residents and visitors alike.
Hurstville property market performance
Current median dwelling price$1,345,000Past 3 months
Property growth+2.5%Past 12 months
Hurstville’s property market has shown positive growth over the past 12 months, with house values increasing by 7% and unit values rising by 3.4%. The median house price over the past three months has averaged $2.05 million, while units have averaged $745,000, indicating sustained demand in the area.
Sales activity has been robust, with 23 houses and 107 units sold in the past three months. Units are selling faster than houses, with a median time on market of 26 days compared to 38 days for houses, suggesting stronger demand in the unit market.
The rental market in Hurstville has also seen growth, with average rent for houses increasing by 6.7% and units by 2.9% over the last 12 months, reflecting a healthy demand for rental properties in the suburb.
Houses | Units | |
---|---|---|
Median price Past 3 months | $1.95M | $740K |
Change in value Past 12 months | 4.4% | 0.5% |
Sold Past 3 months | 34 | 101 |
Median days on market Past 12 months | 40 | 65 |
Average rent Past 12 months | $830 | $720 |
Change in rent Past 12 months | 3.8% | 2.9% |
5 year median price trend for houses and units
Hurstville demographics
Hurstville, located in the southern suburbs of Sydney, is a bustling and diverse community known for its vibrant cultural scene and convenient amenities. With a population of 31,162 and a median age of 33, Hurstville is a youthful suburb that attracts a mix of families, young professionals, and students. The suburb's proximity to the city and excellent public transport links make it an attractive location for those seeking a balance between urban living and suburban comfort.
The housing landscape in Hurstville is varied, with nearly half of the properties being rented, indicating a strong demand for rental accommodation. This is complemented by a significant proportion of properties owned outright (24.6%) and those owned with a mortgage (26.3%), reflecting a stable and diverse housing market. The suburb's family-friendly environment is evident, with 41.2% of households being couple families with children, and 39.9% being couple families without children, showcasing its appeal to both growing families and couples.
Hurstville's community is enriched by its multicultural population, contributing to a vibrant local culture with a wide array of dining, shopping, and recreational options. The median total household income of $1,804 per week suggests a comfortable standard of living, supported by a range of employment opportunities in and around the area. Overall, Hurstville offers a dynamic and inclusive environment, making it a desirable place to live for a diverse range of residents.
Hurstville infrastructure, key developments and investment opportunities
Hurstville is undergoing significant development that is likely to impact its property market. The suburb's central business district is seeing ongoing high-density residential construction, adding new apartment supply. Westfield Hurstville, the major shopping center, continues to expand its retail and dining offerings, enhancing local amenities. Public transport remains a key strength, with Hurstville station serving as a major hub on Sydney's T4 Eastern Suburbs & Illawarra Line.
The Georges River Council has plans to revitalize the Hurstville city center, aiming to create more public spaces and improve walkability. This urban renewal, combined with Hurstville's multicultural character and strong Chinese-Australian community, is likely to sustain demand for properties in the area. The suburb's excellent schools, including selective Sydney Technical High School, continue to attract families, potentially supporting house prices in family-oriented areas.
Hurstville rental market trends
The rental market in Hurstville has experienced moderate growth, with house rents increasing by 6.7% over the past year to $800 per week, while unit rents have seen a smaller rise of 2.9% to $700 per week. As a vibrant suburb with diverse amenities and strong community appeal, Hurstville continues to attract both renters and investors seeking stable returns.
Suburbs near Hurstville
Some popular suburbs near Hurstville include:
How does Hurstville compare to nearby suburbs?
- Median house prices: Hurstville’s median house price is 3.2% higher than Penshurst’s.
- Median unit prices: Hurstville’s median unit price is 18.2% higher than Penshurst’s.
- House price growth: Over the past 12 months, house prices in Hurstville have grown 16.1% higher than in Penshurst.
- Unit price growth: Property prices in nearby Penshurst have risen 0.7% more than in Hurstville over the past year.
- Selling speed for houses: Properties in Hurstville are selling 2.4% faster than in Penshurst.
- Selling speed for units: Properties in Hurstville are selling 5.8% faster than in Penshurst.
- Investment considerations: In Hurstville, the rental yield for house is 5.0% lower than the Sydney average, while the rental yield for units is 3.2% lower.
- House price growth: Over the past 12 months, house prices in Hurstville have grown 1.1% higher than the average rate of growth across Sydney.
- Unit price growth:Over the past 12 months, unit prices in Hurstville have grown 16.5% lower than the average rate of growth for units across Sydney.