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, AreaSearch estimates Asquith's population at around 7,016, reflecting a 13.9% increase since the 2021 Census which reported 6,160 people. This change is inferred from AreaSearch's resident population estimate of 6,664 following examination of ABS' latest ERP data release (June 2024) and additional validated new addresses since the Census date. The suburb's population density stands at 1,976 persons per square kilometer, exceeding national averages assessed by AreaSearch. Asquith's growth outpaces its SA4 region (5.8%) and SA3 area, marking it as a growth leader. Overseas migration contributed approximately 56.99999999999999% of overall population gains during recent periods. AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022, and NSW State Government's SA2 level projections released in 2022 with a base year of 2021 for areas not covered by this data.

Applying growth rates by age group to years 2032 to 2041, Asquith is expected to increase by 695 persons by 2041 based on aggregated SA2-level projections, reflecting a total increase of 1.2% 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 in Asquith indicates approximately 54 dwelling approvals annually. Between fiscal years FY21 to FY25, around 270 homes were approved, with an additional 7 approved in FY26 so far. Each new home constructed attracted about 2 people per year on average over the past five financial years, reflecting strong demand that supports property values.

The average construction cost value of these new homes was $443,000, slightly above the regional average. This fiscal year has seen $51.4 million in commercial approvals, indicating significant commercial development activity. Compared to Greater Sydney, Asquith had 223.0% higher new home approvals per capita as of recent measurements. The majority of new developments, around 63.0%, are attached dwellings, promoting higher-density living and providing more affordable entry points for downsizers, investors, and first-home buyers. Currently, there are approximately 303 people per dwelling approval in Asquith, suggesting a transitioning market.

According to AreaSearch's latest quarterly estimate, Asquith is projected to add 83 residents by 2041. Given current development patterns, new housing supply should meet demand effectively, providing favorable conditions for buyers and potentially facilitating population growth beyond existing 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. These include transforming Hornsby Park from a quarry into parklands, the Hornsby Town Centre Master Plan, expanding capacity on 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 have the most relevance.

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 3474 residents employed, and the unemployment rate stands at 3.8% higher than Greater Sydney's rate of 4.2%.

Workforce participation in Asquith is similar to Greater Sydney's 70.0%. Census responses indicate that 50.3% of residents work from home. Key industries for employment among residents are health care & social assistance, professional & technical services, and education & training. Asquith has a particular specialization in health care & social assistance, with an employment share of 1.3 times the regional level.

However, construction employs only 5.9% of local workers, lower than Greater Sydney's 8.6%. Over the year to September 2025, labour force levels increased by 0.5%, while employment declined by 2.7%, leading to a rise in unemployment rate by 3.0 percentage points. In contrast, Greater Sydney saw employment growth of 2.1% and labour force growth of 2.4%, with an unemployment increase of only 0.2 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest that national employment will expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Asquith's employment mix indicates potential local employment growth of 7.5% over five years and 15.1% over ten years, assuming constant population projections 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 has a 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 is $60,897 and the average income stands at $77,734. This compares with figures for Greater Sydney of $60,817 and $83,003 respectively. Based on Wage Price Index growth of 8.86% since financial year 2023, current estimates would be approximately $66,292 (median) and $84,621 (average) as of September 2025. Income data from the Census 2021 shows household, family, and personal incomes in Asquith all rank highly nationally, between the 82nd and 83rd percentiles. The largest income bracket comprises 35.3% earning $1,500 - $2,999 weekly (2,476 residents), consistent with broader trends across the surrounding region showing 30.9% in the same category. Higher earners represent a substantial presence with 35.5% exceeding $3,000 weekly, indicating strong purchasing power within the community. High housing costs consume 18.0% of income, though strong earnings still place disposable income at the 79th percentile nationally. The area's Socio-Economic Indexes for Areas (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 the rest of dwellings either mortgaged (43.1%) or rented (35.6%). The median monthly mortgage repayment in Asquith was $2,400, below Sydney metro's average of $2,427. The median weekly rent figure in Asquith was $490, compared to Sydney metro's $470. Nationally, Asquith's mortgage repayments were higher at $1,863, and 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 account for 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 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

Asquith's educational attainment exceeds broader benchmarks, with 50.0% of residents aged 15+ holding university qualifications compared to Australia's 30.4% and NSW's 32.2%. This high level positions the area well for knowledge-based opportunities. Bachelor degrees are 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% currently enrolled in formal education, including 10.5% in primary, 7.1% in secondary, 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 operational public transport stops offering a mix of train and bus services. These stops are served by 25 unique routes facilitating 2,202 weekly passenger trips in total. The average distance to the nearest transport stop for residents is 118 meters, indicating excellent accessibility. As primarily residential, most commutes are outward-bound. Car remains the primary mode of transport at 74%, with train usage at 18%. The average vehicle ownership per dwelling is 0.9, lower than the regional average.

According to the 2021 Census, 50.3% of residents work from home, which may be influenced by COVID-19 conditions. Service frequency averages 314 trips daily across all routes, resulting in 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. Mortality rates and chronic condition prevalence are very low across all age groups.

Private health cover is high at approximately 58% of the total population (4,043 people), compared to 59.9% in Greater Sydney. Mental health issues and asthma are the most common conditions, affecting 6.6 and 6.3% of residents respectively. 77.2% of residents report no medical ailments, compared to 74.6% across Greater Sydney. Working-age residents have low chronic condition prevalence. 14.5% of residents are aged 65 and over (1,017 people). Health outcomes among seniors are strong, aligning 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. The dominant religion in Asquith is Christianity, accounting for 40.8% of the population. Hinduism is significantly overrepresented, comprising 11.7%, compared to the Greater Sydney average of 5.2%.

In terms of ancestry, the top three groups are English at 18.2%, Other at 16.9%, and Australian at 16.7%. Notably, Korean (2.4% vs 1.1%), Russian (0.8% vs 0.4%), and Indian (7.6% vs 3.6%) ethnic groups are overrepresented in Asquith compared to regional averages.

Asquith's population is slightly younger than the national pattern

Asquith's median age is 37 years, matching Greater Sydney's figure and closely resembling Australia's median age of 38 years. The 35-44 age group constitutes 19.5%, higher than Greater Sydney but lower than the national average of 14.3%. The 25-34 cohort comprises 13.1% of Asquith's population, less prevalent compared to Greater Sydney. Between 2021 and present, the 15-24 age group has increased from 10.8% to 12.3%, while the 45-54 cohort rose from 12.6% to 14.0%. Conversely, the 25-34 cohort decreased from 15.1% to 13.1%. By 2041, demographic projections indicate significant shifts in Asquith's age structure. Notably, the 85+ group is projected to grow by 112%, reaching 282 individuals from a previous count of 133. This growth is led by an aging population dynamic, with those aged 65 and above accounting for 74% of projected growth. Conversely, the 25-34 and 15-24 age groups are expected to experience population declines.