Is Lilyfield a nice place to live?

Lilyfield is an inner-west suburb where the Bay Run and foreshore reserves around Iron Cove sit beside tree-lined residential streets, early 20th-century cottages and converted warehouse buildings. The community has incomes above the NSW median, is weighted towards couples with children and most homes are owner-occupied (63.5%). Everyday life centres on several compact commercial strips with cafes and small shops, and public transport includes the Inner West Light Rail and local buses. Nearby Rozelle Parklands provide walking and cycling routes and green open space. Inner West Council has formally adopted the Lilyfield Road Cycleway and moved the project into detailed design.

Is it expensive to live in Lilyfield?

A typical local household in Lilyfield earned about $2,858 a week at the last Census. On those figures, buying a house at the median price of $2,364,000 works out to about 15.9 times a typical local annual household income, which sits well above local incomes. Renting looks different: a house rent of about $1,050 a week would take roughly 37% of that weekly income, a sizeable share, while a unit rent of about $620 a week would take about 22% of income, a moderate share. Whether that feels expensive depends on your own income and circumstances. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Lilyfield a good place to invest?

In Lilyfield, median house values rose a solid 9.6% over the past 12 months while median house rents fell 8.7%. That means for houses capital growth and rental income moved in opposite directions: values increased while rents declined. Unit rents rose a modest 3.3% in the same period. 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.

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Lilyfield suburb profile

Lilyfield is an inner-west Sydney suburb where tree-lined residential streets and pockets of former industry sit side by side. The housing mix ranges from early 20th century cottages and federation homes to low-rise apartments and converted warehouse buildings, and the Bay Run and foreshore reserves around Iron Cove provide regular walking and cycling routes and green open space.

Everyday life centres on a few compact commercial strips and neighbourhood services, with cafes and small shops interspersed among the streets. The Inner West Light Rail and local buses connect the suburb to the surrounding inner west and the city, while nearby waterfront reserves and parks shape leisure and recreation.

Lilyfield property market performance

Current median dwelling price$1,537,000Past 3 months

Lilyfield's median house price is $2.36 million and has risen 9.6% over the last 12 months, a solid rise. There is no reliable median unit price because too few units have sold recently for a median to be published. With 25 houses and four units sold in the last 3 months, Lilyfield reads chiefly as a house market; houses sold in a median of 40 days.

In Lilyfield, house rents fell 8.7% over the last 12 months, a marked decline, while house values rose over the same period.

	Houses	Units
Median price Past 3 months	$2.36M	N/A
Change in value Past 12 months	9.6%	N/A
Sold Past 3 months	25	4
Median days on market Past 12 months	40	N/A
Average rent Past 12 months	$1050	$620
Change in rent Past 12 months	-8.7%	3.3%

5 year median price trend for houses and units

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Lilyfield demographics

Lilyfield is a community with incomes above the median for NSW.

Couples with children make up 51.5% of families, and 63.5% of homes are owner-occupied. At the 2021 Census, 7,641 people lived in Lilyfield.

Lilyfield and NSW

	Suburb	NSW
Median age years	41	39
Median household income weekly	$2,858	$1,829
Couples with children share of families	51.5%	44.7%
Couples without children share of families	33.6%	37.9%
One-parent families share of families	13.7%	15.8%
Homes owned outright share of homes	28.7%	32.6%
Homes with a mortgage share of homes	34.8%	33.6%
Homes rented share of homes	36.6%	33.7%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Lilyfield infrastructure, key developments and investment opportunities

Lilyfield sits beside the Rozelle Interchange, which opened to traffic on 26 November 2023; the Rozelle Parklands created as part of the same works fully reopened on 2 May 2024 after an earlier asbestos-related closure and remediation.

Inner West Council formally adopted the Lilyfield Road Cycleway on 20 May 2026, approving a separated two-way cycleway along Lilyfield Road from Maliyawul Street to Victoria Road and moving the project into detailed design with construction expected to start in early 2027/28. A separate proposal for a two-storey para-rowing boatshed, public boat launching pontoon, kiosk and ancillary spaces at Leichhardt Park was deferred by the Sydney Eastern City Planning Panel on 11 November 2024 pending further information.

Suburbs near Lilyfield

Some popular suburbs near Lilyfield include:

How does Lilyfield compare to nearby suburbs?

Median house prices: Lilyfield’s median house price is 18.8% higher than Leichhardt’s.
Median unit prices: Lilyfield’s median unit price is 12.6% lower than Rozelle’s.
House price growth: Over the past 12 months, house prices in Lilyfield have grown 1.9% higher than in Leichhardt.
Selling speed for houses: Properties in Lilyfield are selling 7.0% faster than in Rozelle.
Investment considerations: In Lilyfield, the rental yield for house is 13.8% higher than the Sydney average, while the rental yield for units is 21.5% lower.
House price growth: Over the past 12 months, house prices in Lilyfield have grown 31.5% higher than the average rate of growth across Sydney.
Unit price growth:Over the past 12 months, unit prices in Lilyfield have grown 17.3% lower than the average rate of growth for units across Sydney.

Common questions about Lilyfield

Is Lilyfield a nice place to live?
Lilyfield is an inner-west suburb where the Bay Run and foreshore reserves around Iron Cove sit beside tree-lined residential streets, early 20th-century cottages and converted warehouse buildings.

The community has incomes above the NSW median, is weighted towards couples with children and most homes are owner-occupied (63.5%). Everyday life centres on several compact commercial strips with cafes and small shops, and public transport includes the Inner West Light Rail and local buses. Nearby Rozelle Parklands provide walking and cycling routes and green open space. Inner West Council has formally adopted the Lilyfield Road Cycleway and moved the project into detailed design.
Is it expensive to live in Lilyfield?
A typical local household in Lilyfield earned about $2,858 a week at the last Census. On those figures, buying a house at the median price of $2,364,000 works out to about 15.9 times a typical local annual household income, which sits well above local incomes.

Renting looks different: a house rent of about $1,050 a week would take roughly 37% of that weekly income, a sizeable share, while a unit rent of about $620 a week would take about 22% of income, a moderate share. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Lilyfield a good place to invest?
In Lilyfield, median house values rose a solid 9.6% over the past 12 months while median house rents fell 8.7%. That means for houses capital growth and rental income moved in opposite directions: values increased while rents declined. Unit rents rose a modest 3.3% in the same period.

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.

Choose the right real estate agents in Lilyfield

In Lilyfield ,46 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 48.2% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 1.66% and 2.15%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.