Strathfield suburb profile
Strathfield is a prominent suburb in Sydney's Inner West, known for its multicultural community and excellent transport links. Situated approximately 14km from the Sydney CBD, it offers a blend of residential, commercial, and educational facilities. Strathfield is renowned for its grand Federation-style homes and leafy streets, attracting families and professionals alike. The suburb boasts a vibrant dining scene with diverse culinary options reflecting its multicultural roots. With Strathfield Station serving as a major transport hub, residents enjoy easy access to trains and buses, making it a convenient location for commuters. Its rich history, community spirit, and modern amenities make Strathfield a desirable place to live.
Strathfield property market performance
Strathfield’s property market has shown positive growth over the past 12 months, with house values increasing by 6.7% and unit values rising by 5.3%. The median house price has reached $4.21 million, while the median unit price stands at $741,000, indicating strong demand across both property types.
Sales activity has been robust, with 34 houses and 37 units sold in the past three months. Houses are selling slightly faster than units, with a median of 38 days on the market compared to 42 days for units, suggesting a healthy interest in both sectors.
The rental market in Strathfield has remained relatively stable, with house rents unchanged over the last 12 months, while unit rents have seen a modest increase of 2.9%, reflecting steady demand for rental properties in the area.
Median price - houses$4.21MPast 3 months
Median price - units$741KPast 3 months
Change in value - houses6.7%12 months
Change in value - units5.3%12 months
Houses sold34Past 3 months
Units sold37Past 3 months
Median DOM - houses38Past 12 months
Median DOM - units42Past 12 months
Average rent - houses$900Past 12 months
Average rent - units$700Past 12 months
Change in rent - houses-10.0%Past 12 months
Change in rent - units2.9%Past 12 months
Strathfield demographics
Strathfield, located in Sydney's Inner West, is a vibrant and diverse suburb known for its rich cultural heritage and family-friendly environment. With a population of 25,915 and a median age of 32, Strathfield attracts a youthful demographic, including young families and professionals who appreciate its convenient location and community-oriented atmosphere. The suburb's proximity to major transport links, educational institutions, and shopping precincts makes it a desirable place to live for those seeking a balanced urban lifestyle.
The housing landscape in Strathfield is varied, with a significant portion of properties being rented, accounting for 45.6% of the housing market. This high rental rate reflects the suburb's appeal to those seeking flexibility, including students and young professionals. Meanwhile, 29.8% of properties are owned outright, and 24.6% are owned with a mortgage, indicating a stable and established community with a mix of long-term residents and new homeowners.
Family life is a prominent feature of Strathfield, with 45.4% of households being couple families with children, and 39.6% being couple families without children. The presence of quality schools and parks enhances its attractiveness to families. Additionally, the suburb's multicultural environment is celebrated through various cultural events and a diverse culinary scene, making Strathfield a dynamic and inclusive community that offers a rich tapestry of experiences for its residents.
Strathfield infrastructure, key developments and investment opportunities
Strathfield is experiencing significant developments that are likely to impact its property market. The Strathfield Town Centre Revitalisation project, set to conclude in 2025, aims to enhance the area's vibrancy and livability by improving public spaces, pedestrian access, and introducing new retail and dining options. This project is expected to boost property values in the vicinity and attract more residents and businesses to the area.
Infrastructure improvements are also underway, with upgrades to Strathfield Railway Station enhancing accessibility and commuter experience. The ongoing development of mixed-use projects along major corridors like Parramatta Road and Liverpool Road is increasing housing supply while creating new commercial spaces. These developments, combined with Strathfield's excellent schools and strategic location, are likely to maintain strong demand for properties in the suburb, particularly among families and professionals seeking a balance of urban amenities and suburban living.
Strathfield rental market trends
The rental market in Strathfield has remained relatively stable, with house rents holding steady at $900 per week over the past year, while unit rents have seen a modest increase of 2.9% to $700 per week. This stability, combined with Strathfield's strategic location and amenities, makes it an attractive option for both renters and investors seeking consistent returns.
Suburbs near Strathfield
Some popular suburbs near Strathfield include: