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 Feb 2026, the estimated population of the suburb of Asquith is around 7,016. This figure represents an increase of 856 people since the 2021 Census, which reported a population of 6,160. The change is inferred from AreaSearch's estimation of 6,664 residents following examination of the latest ERP data release by the ABS 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, higher than the average seen across national locations assessed by AreaSearch. Asquith's growth rate of 13.9% since the 2021 census exceeded both the SA4 region (5.8%) and the SA3 area, indicating it as a growth leader in the region. Overseas migration contributed approximately 56.99999999999999% 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 by this data, AreaSearch utilises NSW State Government's SA2 level projections released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. By 2041, the suburb of Asquith is expected to increase by 712 persons based on aggregated SA2-level projections, reflecting an overall increase of approximately 5.1% 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 a further 7 approved in FY26 so far. Each new home constructed attracted an average of 2 people to the area over the past five financial years.

The average construction cost value for new homes was $443,000, slightly above the regional average. This year has seen $51.4 million in commercial approvals. Compared to Greater Sydney, Asquith's new home approvals per capita are 248.0% higher. New development consists of 37.0% standalone homes and 63.0% attached dwellings. Current population growth projections suggest Asquith will add 360 residents by 2041, with new housing supply expected to meet demand based on current development patterns.

Future projections show Asquith adding 360 residents by 2041 (from the latest AreaSearch quarterly estimate). Based on current development patterns, new housing supply should readily meet demand, offering good conditions for buyers and potentially facilitating population growth beyond current projections.

Asquith has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Six projects have been identified by AreaSearch as potentially impacting the area's performance: Hornsby Park transformation from quarry to parklands, Hornsby Town Centre Master Plan, M1 Pacific Motorway northbound capacity expansion between Wahroonga and Mount Colah, Westfield Hornsby Transport Oriented Development.

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

Asquith's workforce is highly educated with notable representation in the technology sector. As of December 2025, its unemployment rate was 7.3%, based on AreaSearch's aggregation of statistical area data. In this month, 3,497 residents were employed while the unemployment rate stood at 3.1% above Greater Sydney's rate of 4.2%.

Workforce participation in Asquith was on par with Greater Sydney's 70.2%. According to Census responses, 50.3% of residents worked from home, potentially influenced by Covid-19 lockdown impacts. The key industries for employment among residents were health care & social assistance, professional & technical services, and education & training. Asquith had a particular specialization in health care & social assistance, with an employment share 1.3 times the regional level.

Conversely, construction employed only 5.9% of local workers, below Greater Sydney's 8.6%. The area appeared to offer limited local employment opportunities, as indicated by the ratio of Census working population to resident population. Over the 12 months to December 2025, labour force levels increased by 1.0%, while employment declined by 0.8%, leading to a rise in unemployment rate by 1.6 percentage points. In comparison, Greater Sydney recorded employment growth of 2.2% and labour force growth of 2.3%, with only a marginal increase in unemployment. Jobs and Skills Australia's national employment forecasts from May-25 offered insights into potential future demand within Asquith. These projections estimated national employment growth at 6.6% over five years and 13.7% over ten years, with varying rates across industry sectors. Applying these projections to Asquith's employment mix suggested local employment should increase by 7.5% over five years and 15.1% over ten years, though these estimates were based on simple weighting extrapolations for illustrative purposes and did not account for localized population projections.

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

The suburb of Asquith has a high national income level according to latest ATO data aggregated by AreaSearch for financial year 2023. The median income among taxpayers in Asquith is $60,897 and the average income stands at $77,734. These figures compare to Greater Sydney's median income of $60,817 and average income of $83,003 respectively. Based on Wage Price Index growth of 8.86% since financial year 2023, current estimates for Asquith would be approximately $66,292 (median) and $84,621 (average) as of September 2025. Census data from 2021 shows that incomes in Asquith rank highly nationally, with household, family, and personal incomes all between the 82nd and 83rd percentiles. The largest income segment comprises 35.3% earning $1,500 - $2,999 weekly (2,476 residents), consistent with broader trends in the surrounding region where 30.9% fall into the same category. A substantial presence of higher earners is indicated by 35.5% exceeding $3,000 weekly, suggesting strong purchasing power within the community. High housing costs consume 18.0% of income, but despite this, disposable income ranks at the 79th percentile nationally. The area's SEIFA income ranking places it in the 8th decile.

Asquith features a more urban dwelling mix with significant apartment living, with ownership patterns similar to the broader region

Asquith's dwelling structures, 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 55.9% houses and 44.1% other dwellings. Home ownership in Asquith was at 21.3%, with mortgaged dwellings at 43.1% and rented ones at 35.6%. The median monthly mortgage repayment in the area was $2,400, below Sydney metro's average of $2,427. The median weekly rent figure was $490, compared to Sydney metro's $470. Nationally, Asquith's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

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

Family households constitute 78.0% of all households, including 42.6% couples with children, 24.1% couples without children, and 10.3% single parent families. Non-family households comprise the remaining 22.0%, with lone person households at 19.0% and group households making up 2.6%. The median household size is 2.7 people, aligning with Greater Sydney's 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 exceeds broader benchmarks significantly. Among residents aged 15+, 50.0% hold university qualifications compared to 30.4% nationally and 32.2% in NSW. This educational advantage positions the area favourably for knowledge-based opportunities. Bachelor degrees are most common at 32.5%, followed by postgraduate qualifications (14.6%) and graduate diplomas (2.9%).

Trade and technical skills are also prominent, with 25.5% of residents aged 15+ holding vocational credentials – advanced diplomas (11.6%) and certificates (13.9%). Educational participation is notably high in the area, 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, a mix of train and bus. These are served by 25 routes, offering 2,202 weekly passenger trips. Transport accessibility is excellent, with residents typically 118 meters from the nearest stop. Most residents commute outward; car use dominates at 74%, while 18% use trains. Vehicle ownership averages 0.9 per dwelling, below the regional average. In 2021 Census data (possibly influenced by COVID-19), 50.3% of residents worked from home.

Service frequency averages 314 trips daily across all routes, equating to approximately 55 weekly trips per stop.

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

AreaSearch's assessment shows Asquith has excellent health outcomes, with very low prevalence of common health conditions across all age groups. The private health cover rate is high at approximately 58% (~4,043 people), compared to Greater Sydney's 59.9%.

Mental health issues and asthma are the most prevalent medical conditions, affecting 6.6 and 6.3% of residents respectively. 77.2% of residents report being completely clear of medical ailments, compared to 74.6% in Greater Sydney. Working-age residents have low chronic condition prevalence. Asquith has 14.6% (1,024 people) of residents aged 65 and over, with strong health outcomes among seniors, broadly in line with national rankings for the general population.

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 predominant religion in Asquith, making up 40.8% of the population. Hinduism is notably overrepresented, comprising 11.7%, which is higher than the Greater Sydney average of 5.2%.

The top three ancestry groups are English at 18.2%, Other at 16.9%, and Australian at 16.7%. Some ethnic groups have notable divergences in representation: Korean is overrepresented at 2.4% (compared to the regional average of 1.1%), Russian at 0.8% (vs 0.4%), and Indian at 7.6% (vs 3.6%).

Asquith's population is slightly younger than the national pattern

Asquith's median age is 37, matching Greater Sydney's figure and closely resembling Australia's median age of 38. The age group 35-44 is strongly represented at 19.0%, higher than Greater Sydney's percentage, while the 25-34 cohort is less prevalent at 13.0%. Between 2021 and present day, the 75 to 84 age group has increased from 3.3% to 4.7% of Asquith's population, and the 15 to 24 cohort has risen from 10.8% to 12.1%. Conversely, the 25 to 34 cohort has decreased from 15.1% to 13.0%. By 2041, demographic projections show significant shifts in Asquith's age structure. The 85+ group is expected to grow by 110%, adding 153 people and reaching 294 from the current 140. The aging population trend is evident, with those aged 65 and above contributing to 68% of projected growth. Meanwhile, the 25-34 and 15-24 age groups are anticipated to experience population declines.