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

Strathfield is an established inner-west suburb built around a major rail hub, where tree-lined streets of Federation and Californian bungalows sit alongside newer apartment developments near the station. Its long-standing multicultural character shows in a busy retail and dining strip with many Asian eateries and shops, and parks plus the nearby Cooks River provide regular green space for families and weekend recreation. Families make up the bulk of households, the median age is 32, and homes are more often owner-occupied than rented, so the suburb tends to suit families, professionals and students who want a mix of period homes and modern apartments.

For commuters there are convenient rail and road links to the city and the Homebush precinct. Council is preparing a town-centre masterplan called Our Place Our Future and has set up governance and a working group to guide renewal and public-realm work, and Transport for NSW is progressing a signalling upgrade to enable more services on the T2 Inner West & Leppington Line. Note that Strathfield station’s accessible toilets are currently closed for maintenance and require substantial infrastructure work. Whether Strathfield is right for you depends on which of these features matter most.

On the figures, renting in Strathfield would take a sizable to large share of a typical local household's income as recorded at the most recent Census. A house at $1,200 a week is about 53.1% of the $2,262 weekly household income, a large share, while a unit at $740 a week is about 32.7% of that weekly income, a sizeable share.

Buying looks further stretched against local incomes. The median house price of $4,111,000 is about 35 times a typical local annual household income at the last Census, and the median unit price of $715,000 is about 6.1 times that annual income. If you plan to rent rather than buy, the rent share is the most relevant number; whether those levels feel expensive will depend on your own circumstances.

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

House rents climbed 13.2% over the past year while median house values increased 11.9% — both fairly large movements. In Strathfield that means the rent a house earns has been the slightly stronger performer this year, with rental income edging ahead of capital growth on the house side.

Units moved a different way: median unit values fell 3.0% over the year while unit rents rose 2.8%, so unit prices dipped modestly while the rent they deliver increased modestly. Which of those patterns matters will depend on whether you prioritise rental income or capital growth.

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.