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Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Population
Homebush lies within the top 10% of areas nationally in terms of population growth performance according to AreaSearch analysis of short and medium-term trends
Homebush's population is around 23,475 as of Nov 2025. This reflects an increase of 2,653 people since the 2021 Census, which reported a population of 20,822 people. The change is inferred from the estimated resident population of 23,020 from the ABS as of June 2024 and an additional 599 validated new addresses since the Census date. This level of population equates to a density ratio of 6,113 persons per square kilometer. Homebush's 12.7% growth since the 2021 census exceeded the SA4 region (6.4%) and the state, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration that contributed approximately 78.3% of overall population gains during recent periods.
AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered, AreaSearch utilises NSW State Government's SA2 level projections, released in 2022 with 2021 as the base year. Growth rates by age group are applied to all areas for years 2032 to 2041. Based on latest population numbers, a significant increase is forecast for Homebush, expected to grow by 7,344 persons to 2041 with an increase of 29.4% in total over the 17 years.
Frequently Asked Questions - Population
Development
The level of residential development activity in Homebush was found to be higher than 90% of real estate markets across the country
Homebush recorded approximately 158 residential properties granted approval per year over the past five financial years, totalling 794 homes. As of FY26, zero approvals have been recorded. On average, 3.8 people moved to the area annually for each dwelling built between FY21 and FY25, indicating demand outpacing supply. New homes were constructed at an average expected cost of $205,000, below the regional average.
In FY26, $32.4 million in commercial approvals have been registered. Compared to Greater Sydney, Homebush records 54.0% more new home approvals per person. New building activity showed 11.0% standalone homes and 89.0% townhouses or apartments. By 2041, Homebush is expected to grow by approximately 6,889 residents. If current development rates continue, housing supply may not keep pace with population growth.
Looking ahead, Homebush is expected to grow by 6,889 residents through to 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.
Frequently Asked Questions - Development
Infrastructure
Homebush has very high levels of nearby infrastructure activity, ranking in the top 10% nationally
Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 51 projects that may affect the region. Notable initiatives include the Parramatta Road Urban Amenity Improvement Program, Sydney Metro West - Sydney Olympic Park Station and Precinct, Bridge Road Residences, and 136 Parramatta Road Mixed-Use Hotel. The following list details those most likely to be relevant.
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Frequently Asked Questions - Infrastructure
Sydney Metro West - Sydney Olympic Park Station and Precinct
New underground metro station on the Sydney Metro West line with an integrated above-station precinct development. The station is under construction, with station box excavation completed in 2024 by Acciona Ferrovial JV. The Integrated Station Development (ISD) includes three mixed-use towers (27-45 storeys) delivering over 690 apartments (increased from original ~500 via MOD 2 approved October 2025), commercial office space, retail and public domain improvements. Three consortia shortlisted for the ISD PPP contract, with award now expected mid-2026. Station due to open 2032, full precinct completion expected 2034-2035.
Parramatta Road Urban Amenity Improvement Program
A $198 million NSW Government program (PRUAIP) delivering 32 urban amenity projects along the 20km Parramatta Road corridor in partnership with six inner-west councils. Includes new parks, plazas, streetscape upgrades, over 10,000 new trees, separated cycleways, wider footpaths, public art and improved pedestrian crossings. As of December 2025, approximately 60% of projects are complete or under construction, with the full program on track for completion by 2027-2028.
Hill Road Upgrade
A major road upgrade by Transport for NSW to improve connectivity between Sydney Olympic Park and Lidcombe. The project upgrades Hill Road between Parramatta Road and Bombay Street to the south and Old Hill Link to the north, improving connectivity to Carter Street Precinct, Sydney Olympic Park and surrounding areas. Key features include upgrading the intersection of Parramatta Road and Hill Road, widening the M4 Motorway eastbound off-ramp to Hill Road and signalising the intersection, upgrading the Hill Road and John Ian Wing Parade intersection with a new fourth approach through Stockyard Boulevard, and creating new shared pathways for cyclists and pedestrians. The project will ease congestion, deliver reliable travel times and improve safety for all road users. Construction commenced in March 2025 by contractor Abergeldie Complex Infrastructure and is expected to be completed in late 2027. The project is funded as part of the $140 million Housing Acceleration Fund by the Department of Planning, Housing and Infrastructure.
136 Parramatta Road Mixed-Use Hotel
IRIS Capital's first build-to-rent project featuring approved mixed-use development with hotel, 63 serviced and residential apartments, and basement parking. Luxury development with upper floor levels commanding CBD views.
The Crescent
88-apartment development across 8 floors in 2 buildings, featuring 1-3 bedroom apartments with unparalleled finishes and luxury design. Includes communal open space, pool, and premium amenities. Sets new benchmark for luxury living in Homebush.
Ovation Quarter
Multi-stage master-planned development by AYMCI adjacent to Sydney Olympic Park, featuring luxury residential towers, retail precincts, community facilities, and public spaces. The initial stages, including Emerald, Ruby, and Sapphire buildings totaling 421 apartments, have been completed and sold out. The overall development plans for approximately 3000 apartments, with further stages DA-approved and land being marketed.
Sydney Markets Rezoning (Parramatta Road Precinct)
A state-assessed rezoning proposal for a portion of the Sydney Markets site (along Parramatta Road, Flemington) to allow for a mixed-use precinct. The proposal unlocks the capacity for up to 1,500 new homes, approximately 20,000 sqm of supporting non-residential floor space (retail, commercial), and new green open space. The rezoning was selected for fast-tracked assessment under the NSW Government's State Significant Rezoning Policy to boost housing supply in a well-located area. The core Sydney Markets operations will remain at Flemington.
Atrium The Retreat
A residential oasis home to the tallest towers in the Sydney Olympic Park area, rising 43 levels with 655 luxury 1, 2, 3 and 4 bedroom apartments across two towers. The final release within The Retreat master-planned community by Meriton, featuring oversized layouts, premium finishes, a vibrant retail precinct with cafes, restaurants, Woolworths, BWS and a 75-place childcare centre, plus resort-style amenities including pools, gym, gardens and a community centre.
Employment
Employment performance in Homebush exceeds national averages across key labour market indicators
Homebush has a highly educated workforce with strong representation in professional services. Its unemployment rate is 3.7%, lower than the Greater Sydney average of 4.2%.
In June 2025, 14,568 residents were employed, with an unemployment rate of 3.7%, 0.5% below Greater Sydney's rate. Workforce participation in Homebush is 67.3%, higher than Greater Sydney's 60.0%. Key industries of employment among residents are health care & social assistance, professional & technical services, and retail trade. The area has a notable concentration in accommodation & food services, with employment levels at 1.4 times the regional average.
Conversely, construction is under-represented, with only 5.3% of Homebush's workforce compared to Greater Sydney's 8.6%. Over the year ending June 2025, employment increased by 4.1%, while labour force grew by 4.4%, leading to a slight rise in unemployment (0.3 percentage points). National employment forecasts from Jobs and Skills Australia, released in May 2025, project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Homebush's employment mix suggests local growth of approximately 6.9% over five years and 14.0% over ten years.
Frequently Asked Questions - Employment
Income
Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis
Homebush's income level is approximately average nationally according to the latest ATO data aggregated by AreaSearch for financial year 2022. Homebush's median income among taxpayers is $49,606 and the average income stands at $64,018. These figures compare to Greater Sydney's median of $56,994 and average of $80,856 respectively. Based on Wage Price Index growth of 12.61% since financial year 2022, current estimates would be approximately $55,861 (median) and $72,091 (average) as of September 2025. Census data reveals household, family and personal incomes in Homebush cluster around the 68th percentile nationally. Income analysis shows that 39.3% of the population, equating to 9,225 individuals, fall within the $1,500 - 2,999 income range, consistent with broader trends across the surrounding region where 30.9% are in the same category. High housing costs consume 20.3% of income, yet strong earnings place disposable income at the 61st percentile nationally. The area's SEIFA income ranking places it in the 7th decile.
Frequently Asked Questions - Income
Housing
Homebush features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region
Homebush's dwelling structure in its latest Census report showed 10.2% houses and 89.8% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Sydney metro's 33.5% houses and 66.5% other dwellings. Homebush's home ownership rate was 10.9%, with mortgaged dwellings at 29.8% and rented ones at 59.3%. The median monthly mortgage repayment in the area was $2,127, below Sydney metro's average of $2,436. The median weekly rent figure was $450, compared to Sydney metro's $465. Nationally, Homebush's mortgage repayments were higher at $2,127 versus Australia's average of $1,863, and rents were substantially above the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Homebush features high concentrations of group households, with a higher-than-average median household size
Family households account for 67.7% of all households, including 30.2% couples with children, 27.2% couples without children, and 7.5% single parent families. Non-family households constitute the remaining 32.3%, with lone person households at 21.5% and group households comprising 10.9%. The median household size is 2.6 people, which is larger than the Greater Sydney average of 2.5.
Frequently Asked Questions - Households
Local Schools & Education
Homebush shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators
Homebush's educational attainment is notably high, with 55.8% of residents aged 15 and above holding university qualifications. This surpasses the national average of 30.4% and the NSW average of 32.2%. Bachelor degrees are the most common at 34.1%, followed by postgraduate qualifications (19.6%) and graduate diplomas (2.1%). Vocational pathways account for 19.7% of qualifications among those aged 15 and above, with advanced diplomas making up 11.4% and certificates 8.3%.
Educational participation is high in Homebush, with 33.5% of residents currently enrolled in formal education. This includes 10.6% in tertiary education, 7.3% in primary education, and 4.5% pursuing secondary education. The three schools in Homebush have a combined enrollment of 1,790 students as of the latest data. The area demonstrates above-average socio-educational conditions with an ICSEA score of 1077. Education provision is balanced with two primary and one secondary school serving distinct age groups. However, local school capacity is limited at 7.7 places per 100 residents compared to the regional average of 15.9, leading many families to travel to nearby areas for schooling.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
The analysis of public transport in Homebush indicates that there are currently 48 active transport stops operating. These comprise a mix of train and bus services. A total of 19 individual routes service these stops, collectively facilitating 6,185 weekly passenger trips.
The report rates transport accessibility as good, with residents typically located approximately 220 meters from the nearest transport stop. On average, service frequency across all routes is 883 trips per day, which equates to around 128 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Homebush's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups
Health outcomes data shows excellent results across Homebush, with very low prevalence of common health conditions across all age groups. The rate of private health cover is approximately 51% of the total population (~12,019 people), slightly lower than the average SA2 area's 57.3%.
This compares to Greater Sydney's 57.3%. The most prevalent medical conditions are asthma and diabetes, affecting 3.7% and 3.3% of residents respectively. A total of 86.6% of residents report no medical ailments, compared to Greater Sydney's 77.0%. Homebush has 7.5% of its population aged 65 and over (1,755 people), lower than Greater Sydney's 14.5%. Health outcomes among seniors are particularly strong, aligning with the general population's health profile.
Frequently Asked Questions - Health
Cultural Diversity
Homebush is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics
Homebush has a high level of cultural diversity, with 75.8% of its population speaking a language other than English at home and 71.4% born overseas. The predominant religion in Homebush is Hinduism, accounting for 29.3% of the population, which is higher than the Greater Sydney average of 11.2%. In terms of ancestry, the top three groups in Homebush are 'Other' (27.6%), Chinese (21.8%), and Indian (14.4%).
The percentage of people with an 'Other' ancestry is substantially higher than the regional average of 17.6%. There are notable differences in the representation of certain ethnic groups, including Korean at 6.0% compared to the regional average of 2.8%, Sri Lankan at 1.0% versus 0.4%, and Vietnamese at 2.1%, which is similar to the regional average of 2.1%.
Frequently Asked Questions - Diversity
Age
Homebush hosts a very young demographic, ranking in the bottom 10% of areas nationwide
Homebush's median age is 32 years, which is younger than Greater Sydney's average of 37 and lower than Australia's national average of 38. Compared to Greater Sydney, Homebush has a higher proportion of residents aged 25-34 (30.6%) but fewer residents aged 55-64 (6.3%). This concentration of 25-34 year-olds is significantly higher than the national average of 14.5%. According to post-2021 Census data, the proportion of residents aged 35-44 has increased from 17.9% to 19.5%, while the proportion of those aged 25-34 has decreased from 32.8% to 30.6%. Demographic projections suggest that Homebush's age profile will significantly change by 2041, with the 45-54 cohort expected to grow strongly at a rate of 69%, adding 1,396 residents and reaching a total of 3,411.