All About Ashfield, Inner West, NSW, 2131

Ashfield, located in the Inner West of New South Wales, presents a dynamic and diverse housing market that reflects its vibrant community character. Known for its blend of historic architecture and modern developments, the suburb offers a range of housing options from charming Federation homes and Victorian terraces to contemporary apartments. The median property prices have seen a consistent rise, driven by its proximity to Sydney's central business district and excellent transportation links, including both train and bus services. This accessibility, combined with the suburb's rich cultural heritage and amenities, makes Ashfield an attractive option for both young professionals and families. The area has experienced gentrification over recent years, which has boosted property values, making it a competitive market for potential homeowners and investors alike.

Living in Ashfield provides a unique lifestyle that balances urban convenience with community charm. The suburb is known for its vibrant culinary scene, with a strong presence of Asian cuisine reflecting its multicultural populace. Residents enjoy a variety of local amenities, from the Ashfield Mall offering shopping conveniences to the beautiful Ashfield Park, which provides a green retreat ideal for relaxation and recreation. The community is diverse and active, with numerous cultural festivals and local events that enrich the social fabric of the area. Schools and educational facilities are well-regarded, adding to the suburb's appeal for families. Overall, Ashfield offers a compelling blend of urban living and community spirit, making it a highly desirable place to live within Sydney's Inner West.

Ashfield Real Estate Market Outlook

Thinking about buying in Ashfield? Now could not be a better time, with 15389 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,426,000 with prices in this suburb ranging from $35,000 to $90,824,000. Ashfield is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

In Ashfield there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Ashfield is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Ashfield changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Ashfield necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Ashfield we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Ashfield a better buying opportunity than it may have been in the past.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!