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 May 2026, the estimated population of the suburb of Asquith is around 6,979, reflecting an increase of 819 people since the 2021 Census. The resident population was estimated at 6,962 by AreaSearch following examination of the latest ERP data release by the ABS in June 2025. This increase includes an additional 213 validated new addresses since the Census date. The population density is approximately 1,965 persons per square kilometer, above the average seen across national locations assessed by AreaSearch. Asquith's population growth of 13.3% since the 2021 Census exceeded that of both the SA3 area (4.5%) and the SA4 region, making it a growth leader in the region. Overseas migration contributed approximately 56.99999999999999% of overall population gains during recent periods.

AreaSearch adopts 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 are applied to all areas for years 2032 to 2041. By 2041, the suburb of Asquith is expected to increase by 672 persons based on aggregated SA2-level projections, reflecting a total increase of 9.4% over the 16-year period.

AreaSearch assessment of residential development activity positions Asquith among the top 25% of areas assessed nationwide

Asquith has seen approximately 54 dwelling approvals annually based on AreaSearch analysis. Between FY21-FY25, around 270 homes were approved, with an additional 9 approved in FY26 so far. Each year, about 5.5 new residents arrive per dwelling constructed over the past five financial years.

This high demand coupled with limited supply typically drives price growth and increased buyer competition. The average construction value of new properties is $443,000, slightly above the regional average. In FY26, there have been $51.4 million in commercial approvals, indicating robust commercial development activity. Compared to Greater Sydney, Asquith shows 224.0% higher new home approvals per capita, offering more housing choices for buyers despite recent slowdowns in building activity. New developments consist of 37.0% standalone homes and 63.0% attached dwellings, favoring higher-density living which creates more affordable entry points for downsizers, investors, and first-home buyers.

Currently, Asquith reflects around 313 people per approval, indicating a transitioning market. By 2041, AreaSearch projects an additional 655 residents based on current development patterns, suggesting that new housing supply should meet demand well, providing favorable conditions for buyers and potentially facilitating population growth beyond current projections.

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

Area infrastructure projects significantly impact local performance. AreaSearch identified six such projects, notably Hornsby Park's transformation from quarry to parklands, the Hornsby Town Centre Masterplan and Transit-Oriented Development (TOD) Rezoning, M1 Pacific Motorway Northbound Capacity expansion between Wahroonga and Mount Colah, and Westfield Hornsby Transport-Oriented Development. The following details projects most relevant to the area.

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

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 was 7.4% as of December 2025. Over the past year, employment stability was relative.

As of December 2025, 3,676 residents were employed while the unemployment rate was 3.2% higher than Greater Sydney's rate of 4.2%. Workforce participation was similar to Greater Sydney's 68.8%. According to Census responses, 50.3% of residents worked from home. Key industries included health care & social assistance, professional & technical services, and education & training.

Asquith had a higher employment share in health care & social assistance (1.3 times the regional level) but lower employment in construction (5.9%, compared to Greater Sydney's 8.6%). Employment opportunities locally appeared limited based on Census data comparisons. Between December 2024 and December 2025, employment increased by 0.4% while labour force grew by 2.2%, causing unemployment to rise by 1.6 percentage points. In Greater Sydney, employment grew by 2.2% with a marginal increase in unemployment. Jobs and Skills Australia's national employment forecasts from May-25 projected national employment growth of 6.6% over five years and 13.7% over ten years. 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, based on a simple weighting extrapolation for illustrative purposes.

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 ATO data aggregated by AreaSearch for the financial year ended 30 June 2023. The median income among taxpayers in Asquith was $60,897 and the average income stood at $77,734. In comparison, Greater Sydney's figures were $60,817 and $83,003 respectively. Based on Wage Price Index growth of 10.32% since financial year 2023, current estimates for Asquith would be approximately $67,182 (median) and $85,756 (average) as of March 2026. 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 bracket comprised 35.3% earning $1,500 - $2,999 weekly (2,463 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. High housing costs consumed 18.0% of income, but strong earnings still placed disposable income at the 79th percentile nationally. The area's SEIFA income ranking placed 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). Compared to Sydney metro's figures of 55.9% houses and 44.1% other dwellings, Asquith had a higher proportion of non-house dwellings. Home ownership in Asquith stood at 21.3%, with mortgaged dwellings at 43.1% and rented ones at 35.6%. The median monthly mortgage repayment was $2,400, below Sydney metro's average of $2,427. The median weekly rent in Asquith was $490, slightly higher than Sydney metro's figure of $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 account for 78.0% of all households, including 42.6% that are couples with children, 24.1% that are couples without children, and 10.3% that are 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%. The median household size is 2.7 people, which matches 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 notable with 50.0% of residents aged 15+ holding 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 prevalent with 25.5% of residents aged 15+ holding them, including advanced diplomas (11.6%) and certificates (13.9%). Educational participation is high at 31.9%, with 10.5% in primary education, 7.1% in secondary education, and 6.3% pursuing tertiary education.

Educational participation is notably 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

Public transport analysis shows 40 active transport stops operating within Asquith. These include a mix of train and bus services. There are 25 individual routes collectively providing 2,202 weekly passenger trips. Transport accessibility is rated as excellent, with residents typically located 118 meters from the nearest transport stop. Asquith is primarily residential, with most residents commuting outward. The dominant mode of transport for commuters is car at 74%, while train usage stands at 18%.

Vehicle ownership averages 0.9 per dwelling, below the regional average. According to the 2021 Census, a high 50.3% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 314 trips per day across all routes, equating to approximately 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

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% (~4,021 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. Overall, 77.2% of residents report being completely clear of medical ailments, higher than Greater Sydney's 74.6%. Working-age residents have low chronic condition prevalence. Asquith has 14.4% (1,004 people) of residents aged 65 and over, lower than Greater Sydney's 15.5%. Senior health outcomes are strong, broadly in line with national rankings.

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, comprising 40.8% of people. Hinduism is notably overrepresented, making up 11.7% of the population compared to the Greater Sydney average of 5.2%.

The top three ancestry groups are English (18.2%), Other (16.9%), and Australian (16.7%). Korean (2.4%) and Russian (0.8%) populations are overrepresented in Asquith compared to regional averages of 1.1% and 0.4%, respectively, while Indian representation is also higher at 7.6%.

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 years. The age group of 35-44 is strongly represented at 18.9%, higher than Greater Sydney's percentage. Conversely, the 25-34 cohort is less prevalent in Asquith at 13.3%. Between 2021 and present, the 15 to 24 age group has increased from 10.8% to 12.4%, while the 45 to 54 cohort rose from 12.6% to 14.0%. However, the 25 to 34 cohort decreased from 15.1% to 13.3%, and the 35 to 44 group fell from 20.0% to 18.9%. By 2041, demographic projections indicate significant shifts in Asquith's age structure. Notably, the 85+ group is expected to grow by 125%, reaching 314 people from a starting point of 139. The proportion of those aged 65 and above contributing to this growth is projected at 61%. Meanwhile, the 5-14 and 0-4 age cohorts are anticipated to experience population declines.