Asquith

Population growth drivers in Asquith are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

As of Nov 2025, the estimated population for the Asquith statistical area (Lv2) is around 7,018. This reflects a growth of 858 people since the 2021 Census, which reported a population of 6,160. The change was inferred from AreaSearch's estimation of the resident population at 6,664 following examination of ABS's latest ERP data release in June 2024 and an additional 212 validated new addresses since the Census date. This results in a population density ratio of 1,976 persons per square kilometer, exceeding the average seen across national locations assessed by AreaSearch. The Asquith (SA2) experienced a growth rate of 13.9% between 2021 and Nov 2025, surpassing both its SA4 region (5.7%) and SA3 area. Overseas migration contributed approximately 56.99999999999999% of overall population gains during recent periods in the Asquith statistical area (Lv2).

AreaSearch's projections for the Asquith (SA2) are based on ABS/Geoscience Australia data released in 2024 with a base year of 2022. For areas not covered by this data, NSW State Government's SA2 level projections released in 2022 with a base year of 2021 are used. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. By 2041, the Asquith statistical area (Lv2) is expected to increase by 687 persons based on aggregated SA2-level projections, reflecting an overall increase of 1.0% over the 17-year period.

Recent residential development output has been above average within Asquith when compared nationally

AreaSearch analysis of ABS building approval numbers shows Asquith experienced around 54 dwelling approvals per year. Between FY21 and FY25, approximately 270 homes were approved, with an additional 7 approved in FY26 so far. This indicates a robust demand for new housing, with about 2 people moving to the area per new home constructed over the past five financial years.

The average construction cost of these homes is $443,000, slightly above the regional average. In FY26, there have been $51.4 million in commercial approvals, demonstrating strong commercial development momentum. Compared to Greater Sydney, Asquith has 224.0% higher new home approvals per person. The majority of new developments consist of attached dwellings (63.0%), reflecting a focus on higher-density living and affordability for buyers such as downsizers, investors, and first-home buyers. Currently, there are around 303 people per housing approval in Asquith, suggesting a transitioning market.

Future projections estimate an increase of 73 residents by 2041 based on current development patterns, indicating that new housing supply should meet demand and potentially facilitate population growth beyond current projections.

Asquith has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Six projects have been identified by AreaSearch as potentially impacting the area. These include transforming Hornsby Park from a quarry into parklands, the Hornsby Town Centre Master Plan, widening the M1 Pacific Motorway northbound between Wahroonga and Mount Colah, and developing Westfield Hornsby with transport-oriented design. The following list details those projects likely to be most relevant.

Professional plan users can use the search below to filter and access additional projects.

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Asquith shows employment indicators that trail behind approximately 70% of regions assessed across Australia

Asquith has an educated workforce with notable representation in the technology sector. Its unemployment rate is 8.0%, as per AreaSearch's aggregation of statistical area data.

As of September 2025, there are 3,459 employed residents, with an unemployment rate of 3.8% above Greater Sydney's rate of 4.2%. Workforce participation in Asquith is high at 69.9%, compared to Greater Sydney's 60.0%. Key industries employing locals are health care & social assistance, professional & technical services, and education & training. Health care & social assistance is particularly prominent, with an employment share of 1.3 times the regional level.

Conversely, construction employs only 5.9% of local workers, below Greater Sydney's 8.6%. Between September 2024 and September 2025, labour force levels increased by 0.3%, while employment declined by 2.8%, leading to a rise in unemployment rate by 3.0 percentage points. In contrast, Greater Sydney saw employment grow by 2.1% and labour force growth of 2.4%, with unemployment rising by 0.2 percentage points. Statewide, NSW's employment contracted by 0.03% (losing 2,260 jobs) as of 25-Nov, with an unemployment rate of 3.9%. Nationally, the unemployment rate is 4.3%. Jobs and Skills Australia projects national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Asquith's current employment mix suggests local employment could increase by 7.5% over five years and 15.1% over ten years, though these are simple extrapolations for illustrative purposes only.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

The suburb of Asquith had a very high national income level according to the latest Australian Taxation Office (ATO) data aggregated by AreaSearch for the financial year 2023. The median income among taxpayers in Asquith was $60,897, with an average income of $77,734. These figures compared to those for Greater Sydney, which were $60,817 and $83,003 respectively. Based on Wage Price Index growth of 8.86% since the financial year 2023, current estimates would be approximately $66,292 (median) and $84,621 (average) as of September 2025. According to Census 2021 income data, household, family, and personal incomes in Asquith all ranked highly nationally, between the 82nd and 83rd percentiles. The largest income segment comprised 35.3% earning $1,500-$2,999 weekly (2,477 residents), consistent with broader trends across the surrounding region showing 30.9% in the same category. Higher earners represented a substantial presence with 35.5% exceeding $3,000 weekly, indicating strong purchasing power within the community. High housing costs consumed 18.0% of income, though strong earnings still placed disposable income at the 79th percentile nationally. The area's Socio-Economic Indexes for Areas (SEIFA) income ranking placed it in the 8th decile.

Asquith features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

Asquith's dwelling structure, as per the latest Census, consisted of 42.2% houses and 57.7% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Sydney metro had 61.4% houses and 38.6% other dwellings. Home ownership in Asquith was at 21.3%, with the rest being mortgaged (43.1%) or rented (35.6%). The median monthly mortgage repayment was $2,400, lower than Sydney metro's $2,500. The median weekly rent was $490, similar to Sydney metro's $480. Nationally, Asquith's mortgage repayments were higher at $1,863, and rents were substantially above the national average of $375.

Asquith features high concentrations of family households, with a fairly typical median household size

Family households account for 78.0% of all households, consisting of 42.6% couples with children, 24.1% couples without children, and 10.3% single parent families. Non-family households make up the remaining 22.0%, with lone person households at 19.0% and group households comprising 2.6% of the total. The median household size is 2.7 people, which aligns with the Greater Sydney average.

Educational achievement in Asquith places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community

Educational attainment in Asquith is significantly higher than broader benchmarks. 50.0% of residents aged 15+ hold university qualifications, compared to 30.4% nationally and 32.2% in NSW. Bachelor degrees are the most common at 32.5%, followed by postgraduate qualifications (14.6%) and graduate diplomas (2.9%). Vocational credentials are also prominent, with 25.5% of residents aged 15+ holding them - advanced diplomas (11.6%) and certificates (13.9%).

Educational participation is high, with 31.9% of residents currently enrolled in formal education. This includes 10.5% in primary education, 7.1% in secondary education, and 6.3% pursuing tertiary education.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Asquith has 40 active public transport stops, including train and bus services. These stops are served by 25 different routes that together facilitate 2,202 weekly passenger trips. Residents enjoy excellent transport accessibility, with an average distance of 118 meters to the nearest stop.

Service frequency stands at 314 trips per day across all routes, translating to about 55 weekly trips per individual stop.

Asquith's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Asquith's health outcomes show excellent results across all age groups, with very low prevalence of common health conditions. Private health cover is high at approximately 58% (~4,044 people), compared to Greater Sydney's 61.4%.

Mental health issues and asthma are the most prevalent conditions, affecting 6.6% and 6.3% respectively. A significant majority, 77.2%, report no medical ailments, higher than Greater Sydney's 74.0%. Asquith has a lower proportion of seniors aged 65 and over at 13.9% (975 people) compared to Greater Sydney's 17.1%. Despite this, health outcomes among seniors are strong and align with the general population's profile.

Asquith is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Asquith has a high level of cultural diversity, with 45.4% of its population speaking a language other than English at home and 48.7% born overseas. Christianity is the main religion in Asquith, comprising 40.8% of people. Hinduism is notably overrepresented, making up 11.7% of the population compared to 7.3% across Greater Sydney.

The top three ancestry groups in Asquith are English (18.2%), Other (16.9%), and Australian (16.7%). There are notable divergences in the representation of certain ethnic groups: Korean is overrepresented at 2.4%, Russian at 0.8%, and Indian at 7.6%.

Asquith's population is slightly younger than the national pattern

At an age of 36 years, Asquith's median age is nearly matching Greater Sydney's average of 37 years, which is modestly under the Australian median of 38 years. Compared to Greater Sydney, Asquith has a higher concentration of residents aged 35-44 (20.0%), but fewer residents aged 25-34 (13.5%). This concentration of 35-44 year-olds is well above the national average of 14.2%. Between the 2021 Census and the present, the population aged 15 to 24 has grown from 10.8% to 12.1%, while the 45 to 54 age group has increased from 12.6% to 13.8%. Conversely, the 25 to 34 age group has declined from 15.1% to 13.5%. Demographic modeling suggests that Asquith's age profile will evolve significantly by the year 2041. The population aged 85 and above is projected to grow strongly at a rate of 136%, adding 162 residents to reach a total of 282. Residents aged 65 and above are expected to drive 75% of population growth, highlighting demographic aging trends. Conversely, the populations aged 15-24 and 25-34 are anticipated to experience declines in numbers.