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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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Sales Detail
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 was around 23,399 as of August 2025. This reflected an increase of 2,577 people since the 2021 Census, which reported a population of 20,822. The change was inferred from the estimated resident population of 23,020 from the ABS in June 2024 and an additional 570 validated new addresses since the Census date. This level of population equated to a density ratio of 6,093 persons per square kilometer, placing Homebush in the top 10% of national locations assessed by AreaSearch. The area's growth rate exceeded that of its SA4 region (6.3%) and the state since the 2021 Census. Population growth was primarily driven by overseas migration contributing approximately 78.3% of overall population gains during recent periods.
AreaSearch adopted ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilized the NSW State Government's SA2 level projections released in 2022 with a base year of 2021. Growth rates by age group from these aggregations were applied to all areas for years 2032 to 2041. Based on demographic trends and latest population numbers, Homebush is forecasted to grow by 7,344 persons by 2041, with an increase of 29.8% in total over the 17-year period.
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 annually over the past five financial years, totalling 794 homes. As of FY26, 0 approvals have been recorded to date. On average, 3.8 people moved to the area per dwelling built each year between FY21 and FY25, indicating demand significantly outpaces supply. New homes are being constructed at an average value of $455,000, aligning with regional trends.
This financial year has seen $32.4 million in commercial approvals registered, reflecting high local commercial activity. Compared to Greater Sydney, Homebush records 54.0% more new home approvals per capita, offering buyers greater choice. New building activity comprises 11.0% standalone homes and 89.0% townhouses or apartments, promoting higher-density living suitable for downsizers, investors, and first-home buyers. With around 159 people per approval, Homebush reflects a developing area. By 2041, it is projected to grow by 6,965 residents.
If current development rates persist, housing supply may not keep pace with population growth, potentially intensifying 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 identified 51 projects likely affecting 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 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 professional services representation. Its unemployment rate was 3.7% in June 2025, below Greater Sydney's 4.2%.
Employment growth over the past year was estimated at 4.1%. As of June 2025, 14,568 residents were employed with a workforce participation rate of 67.3%, above Greater Sydney's 60.0%. Key industries include health care & social assistance, professional & technical services, and retail trade. Accommodation & food services show notable concentration at 1.4 times the regional average.
However, construction is under-represented with only 5.3% of Homebush's workforce compared to Greater Sydney's 8.6%. Many residents commute elsewhere for work based on Census data analysis. Over the year to June 2025, employment increased by 4.1%, labour force by 4.4%, resulting in a slight unemployment rise of 0.3 percentage points. Jobs and Skills Australia forecasts national employment growth at 6.6% over five years and 13.7% over ten years. Applying these projections to Homebush's industry mix suggests local growth of approximately 6.9% over five years and 14.0% over ten years, based on a simple weighting extrapolation for illustrative purposes only.
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 median income among taxpayers is $49,606 according to ATO data aggregated by AreaSearch for financial year 2022. The average income stands at $64,018 in the same period. Comparing these figures with Greater Sydney's median of $56,994 and average of $80,856 shows Homebush has lower incomes. By September 2025, estimated median and average incomes would be approximately $55,861 and $72,091 respectively, based on Wage Price Index growth of 12.61% since financial year 2022. Census data indicates household, family and personal incomes in Homebush cluster around the 68th percentile nationally. Income analysis reveals that 39.3% of Homebush's population (9,195 individuals) fall within the $1,500 - $2,999 income range, which is consistent with broader trends across the surrounding region showing 30.9% in the same category. High housing costs consume 20.3% of income in Homebush, but 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
The latest Census evaluation found that dwelling structures in Homebush comprised 10.2% houses and 89.8% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Sydney metro had 33.5% houses and 66.5% other dwellings. Homebush's home ownership level was at 10.9%, with the remaining dwellings either mortgaged (29.8%) or rented (59.3%). The median monthly mortgage repayment in Homebush was $2,127, below Sydney metro's average of $2,436. The median weekly rent figure in Homebush was recorded at $450, compared to Sydney metro's $465. Nationally, Homebush's mortgage repayments were higher than the Australian average of $1,863, while 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 constitute 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 comprise the remaining 32.3%, with lone person households at 21.5% and group households making up 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
Educational attainment in Homebush is notably high, with 55.8% of residents aged 15 years and over holding university qualifications. This compares to 30.4% nationally and 32.2% across NSW. 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, with advanced diplomas at 11.4% and certificates at 8.3%.
Educational participation is high, 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. Homebush's three schools have a combined enrollment of 1,790 students as of the latest data. The area has 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. Local school capacity is limited at 7.7 places per 100 residents compared to the regional average of 15.9, indicating many families may travel 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
Homebush has 48 active public transport stops offering a mix of train and bus services. These stops are served by 19 individual routes, collectively facilitating 6,185 weekly passenger trips. Transport accessibility is rated as good with residents typically located 220 meters from the nearest stop.
Service frequency averages 883 trips per day across all routes, equating to approximately 128 weekly trips per 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
Homebush demonstrates excellent health outcomes, with low prevalence rates for common conditions across all ages. Private health cover stands at approximately 51% of the total population (~11,980 people), slightly below Greater Sydney's average of 57.3%.
The most prevalent medical conditions are asthma and diabetes, affecting 3.7% and 3.3% of residents respectively. Notably, 86.6% of residents report no medical ailments, compared to 77.0% in Greater Sydney. Homebush has a lower proportion of seniors aged 65 and over at 7.5% (1,750 people), compared to Greater Sydney's 14.5%. Despite this, health outcomes among seniors align with the general population's 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. Hinduism is the predominant religion in Homebush, accounting for 29.3% of people, which is significantly higher than the Greater Sydney average of 11.2%. The top three ancestry groups in Homebush are Other (27.6%), Chinese (21.8%), and Indian (14.4%).
These percentages are notably higher than their respective regional averages: Other at 17.6%, Chinese at 4.4%, and Indian at 4.4%. Additionally, certain ethnic groups are overrepresented in Homebush compared to the region: Korean at 6.0% versus 2.8%, Sri Lankan at 1.0% versus 0.4%, and Vietnamese at 2.1% versus 2.1%.
Frequently Asked Questions - Diversity
Age
Homebush hosts a very young demographic, ranking in the bottom 10% of areas nationwide
Homebush has a median age of 32 years, which is younger than Greater Sydney's average of 37 and significantly 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 notably higher than the national average of 14.5%. According to data from the 2021 Census, the proportion of Homebush's population aged 35-44 has increased from 17.9% to 19.5%, while the proportion of residents aged 25-34 has decreased from 32.8% to 30.6%. By 2041, demographic modeling indicates that Homebush's age profile is projected to change significantly. The 45-54 age group is expected to show the strongest growth, increasing by 70% and adding 1,403 residents to reach a total of 3,411.