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This analysis uses Suburbs and Localities (SAL) boundaries, which can materially differ from Statistical Areas (SA2) even when sharing the same name.
SAL boundaries are defined by Australia Post and the Australian Bureau of Statistics to represent commonly-known suburb names used in postal addresses.
Statistical Areas (SA2) are designed for census data collection and may combine multiple suburbs or use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.
est. as @ -- *
2021 Census | -- people
The median house price in Luddenham is $2.76m. House values have moved -3.7% a year compounded over five years.
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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Luddenham has an estimated 2,127 residents, up from 1,927 at the 2021 Census — a change of 200 people, or 10.4%. Growth has averaged 1.4% a year over five years. Natural increase accounts for 40.0% of that increase. Density is about 48 people per square kilometre. Population is estimated from ABS Estimated Resident Population releases and GNAF address data, re-based from the 2021 Census and updated annually.
Detail
In the suburb of Luddenham, demographic evaluation incorporating regional ABS figures alongside validated new addresses from AreaSearch indicates a population of approximately 2,127 as of Aug 2026. Compared with the 1,927 people recorded during the 2021 Census, this marks an expansion of 200 people (10.4%). The estimate stems from an Estimated Resident Population of 2,094 calculated by AreaSearch using the June 2025 ABS release, combined with 68 validated new addresses added post-Census. With a density of 48 persons per square kilometer, the suburb of Luddenham offers substantial space for its inhabitants.
The 10.4% rate of expansion outpaced both Greater Sydney and the wider state figure of 7.3%, positioning the suburb of Luddenham as a prominent regional growth center. Natural increase served as the primary catalyst, delivering around 40.0% of recent population additions, while overseas migration and interstate migration likewise recorded positive inflows. Projections for the suburb of Luddenham are derived from 2024 ABS/Geoscience Australia SA2 datasets utilizing 2022 as their starting point, supplemented where necessary by 2022 NSW State Government SA2 modeling anchored to 2021. For the years 2032 to 2041, age-specific growth trajectories from these models are incorporated across all locations. Forward-looking demographic projections position the suburb of Luddenham within the nation's top 10 percent for expansion, with an anticipated rise of 2,382 persons by 2041 based on compiled SA2 projections, representing an overall increase of 110.4% across the 16 years.
Frequently Asked Questions - Population
Detail
ABS building data analyzed by AreaSearch shows that dwelling approvals have averaged approximately 1 per year, delivering around 7 homes over the prior 5 financial years. In FY-25 to date, 8 approvals have been recorded. With 7.5 new residents arriving for each completed home between FY-21 and FY-25, demand continues to heavily exceed new supply, a trend that commonly drives heightened buyer competition and pricing pressure. Furthermore, with an average construction cost of $710,000 per dwelling, residential development is heavily weighted toward upscale properties. During the current financial year, $1.5 million in commercial approvals was registered, reinforcing the locality's predominantly residential character.
Residential building approvals have focused solely on detached houses, preserving the traditional low-density neighborhood fabric and catering to households seeking family residences with generous space. Registering roughly 316 people per approval, the area displays characteristics of an evolving property landscape. Longer-term forecasts project a population gain of 2,348 residents by 2041 relative to the most recent AreaSearch quarterly figure. If residential building continues at current volumes, dwelling delivery could fall short of community expansion, placing upward pressure on property values and intensifying demand.
Frequently Asked Questions - Development
Development applications around Luddenham
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| Lodged | Address | Description | Type | Distance | Status |
|---|
SOURCE: Planning portals and council registers, compiled by AreaSearch. Distance & bearing measured from the suburb midpoint.
AreaSearch tracks 11 current infrastructure and development projects inside Luddenham, worth an estimated $16.8 billion. A further 72 sit in the immediately surrounding suburbs, taking the tracked pipeline within reach of the area to $93.1 billion. 37 are already under construction and 30 are due for completion within three years. The pipeline spans transport & logistics, communities, precincts & urban renewal and business parks & technology hubs. Records are compiled from Infrastructure Australia, state agencies, council planning portals and public announcements, reviewed and updated daily, then ranked by proximity, construction stage, completion horizon and project scale.
Detail
Local growth and property dynamics are heavily shaped by civil works, major developments, and regional planning strategies. AreaSearch has pinpointed a total of 51 initiatives expected to influence the district, including key projects such as the M12 Motorway, The Northern Road Upgrade, New Bus Services for Western Sydney, and the North South Rail Line and South West Rail Link Extension Corridor Preservation.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
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.
Frequently Asked Questions - Infrastructure
M12 Motorway
A 16-kilometre toll-free motorway providing the primary access to the Western Sydney International Airport. The project features 18 bridges, a 100km/h speed limit, and a dedicated off-road shared user path. While the main motorway opened to traffic on March 14, 2026, construction continues on the critical M7-M12 interchange and integration works to complete the final motorway-to-motorway connection.
Barings Luddenham Industrial Park
A 19.4-hectare state significant development (SSD-48438209) delivering approximately 70,000 sqm of premium industrial warehousing and corporate office accommodation across seven buildings at the Western Sydney Aerotropolis. Facility sizes range from 1,000 to 30,000 sqm across three lots. Approved 28 April 2025, with construction commencing mid-2025 and leasing available from Q3 2026. Located less than 2km from Western Sydney International Airport (Nancy-Bird Walton), adjacent to the Northern Road and Elizabeth Drive intersection, serving logistics, agribusiness and advanced manufacturing sectors.The development includes an onsite cafe, open landscape areas, stormwater infrastructure and estate-wide landscaping.
Northern Gateway Precinct
The Northern Gateway Precinct is a 287-hectare hub within the Western Sydney Aerotropolis, centered on the Sydney Science Park. As of 2026, it is progressing through State Significant Development (SSD) assessments for Stage 1 Estate Works and site-wide concepts. The precinct is designed to integrate high-skill technology, research, and advanced manufacturing sectors with residential areas near the Luddenham Metro station. Current activity focuses on finalizing the Aerotropolis Integrated Stormwater Development Servicing Plan and establishing essential utility infrastructure including the Science Park zone substation.
Bradfield City Centre
Australia's first new city in over 100 years, Bradfield City Centre is a 114-hectare mixed-use precinct at the heart of the Western Sydney Aerotropolis. The first operational building (AMRF Stage 1) is active, with construction underway on Central Park and AMRF Stage 2 following recent SSDA approvals and a $1 billion development agreement with Plenary for Superlot 1. The full master plan envisions 10,000 homes and 20,000 jobs by 2040.
Kemps Creek Data Centre
Microsoft is developing a 1.3 billion AUD hyperscale data centre campus at Kemps Creek within the Mamre Road Precinct and Western Sydney Employment Area. The state significant development includes two two-storey data centre buildings with over 60 data halls, a substation, high voltage switchyard, 61 emergency backup generators, and diesel storage tanks. It offers around 96MW capacity with potential to expand. Construction of Building One and Two is underway with practical completion targeted across 2025-2026.
Western Sydney Airport Business Park
Western Sydney Airport business park features warehouses, offices, retail, hotel with 154 rooms, conference facilities, and commercial offices as part of the Aerotropolis project, aimed at supporting industries, logistics, and retail businesses.
Barings Luddenham Industrial Park
A 19.4-hectare State Significant Development warehousing and distribution estate within the Western Sydney Aerotropolis. The project delivers approximately 63,500 to 70,000 square metres of premium warehouse and office space across seven flexible buildings. Key amenities include an onsite cafe, estate road networks, extensive landscaping, and waterway rehabilitation. Located less than 2km from the new Western Sydney International Airport, it is designed to support over 600 construction and ongoing roles. Construction commenced in mid-2025 with the first facilities targeted for completion in late 2026.
Wianamatta South Creek integrated land use and water cycle management
NSW Government program to restore and protect the Wianamatta South Creek catchment using integrated land use and water cycle management (IWCM). In March 2026, Sydney Water released the Final Scheme Plan for the Western Sydney Aerotropolis Stormwater. Infrastructure will be built in stages through 2056, securing 9.4 GL/yr of harvested stormwater and 1.0 GL/yr of recycled wastewater to support urban cooling, waterways, and resilient water supply across the Western Parkland City.
1,182 residents of Luddenham are employed, from a labour force of 1,201. Unemployment sits at 1.6%, with participation at 73.0%. Weighted for its industry mix, the area's sectors are forecast to grow about 5.9% nationally over five years. That reflects industry composition only and makes no allowance for local population growth. Unemployment and labour force come from ABS Small Area Labour Markets, updated quarterly; the industry and occupation profile is from the 2021 Census.
Detail
The local workforce exhibits specialized skills and a significant concentration in the construction sector, alongside a minimal jobless rate of 1.6% according to AreaSearch statistical area aggregations. As of March 2026, employed locals stand at 1,182, while unemployment sits 2.5% lower than the Greater Sydney mark of 4.1%. Workforce participation is solidly positioned at 73.0% relative to 68.9% across Greater Sydney. Census records also indicate that 35.2% of workers carried out their duties from home, though this figure was influenced by Covid-19 lockdown restrictions. The primary employers of resident workers are construction, retail trade, and education & training.
Construction demonstrates exceptional prominence, with local representation reaching 2.5 times the broader regional benchmark. Conversely, professional & technical roles account for only 5.2% of the workforce, lagging Greater Sydney's 11.5%. Comparing Census counts of resident workers with locally available jobs suggests that a substantial number of residents travel to surrounding districts for employment. According to ABS and SALM figures aggregated by AreaSearch, both the local workforce and overall employment contracted by 3.7% in the year to March 2026, while the number of unemployed individuals showed little variation. Over the identical timeframe, Greater Sydney achieved a 1.9% rise in employment and a 1.9% gain in the labor pool, alongside a slight reduction in unemployment. Five and ten-year national employment projections published by Jobs and Skills Australia in Mar-26 provide additional context regarding future workforce requirements. Nationally, employment is projected to expand by 6.6% across five years and 13.7% across ten years, with wide variation across individual sectors. Aligning these industry trends with local workforce distributions points to expected employment gains of 5.9% across five years and 12.1% across ten years (representing an illustrative weighting model that excludes localized population adjustments).
Frequently Asked Questions - Employment
Median household income in Luddenham is $2,968 a week (about $154,000 a year), with median personal income at $1,007 a week. ATO records put median taxable income at $60,834 a year against an average of $82,044. Household income is from the 2021 Census; taxable income is from ATO Taxation Statistics for the latest financial year available, indexed forward using the ABS Wage Price Index.
Detail
ATO taxation data compiled by AreaSearch for financial year 2023 indicates a median taxpayer income of $60,834 and a mean of $82,044 in the suburb of Luddenham. These metrics rank among the nation's highest, aligning closely with Greater Sydney figures of $60,817 and $83,003. Applying a 10.32% Wage Price Index adjustment since financial year 2023 yields estimated values of $67,112 (median) and $90,511 (average) as of March 2026. Household earnings place in the 96th percentile nationally at $2,968 weekly. A significant 33.3% of residents (708 people) belong to the $4000+ income bracket, contrasting with the broader metropolitan area where the $1,500 - 2,999 tier is largest at 30.9%.
High earners represent 48.2% of the population earning above $3,000/week, confirming strong purchasing power. Accommodation costs consume 14.1% of earnings, disposable income ranks in the 96th percentile, and the SEIFA economic index positions the area in the 8th decile.
Frequently Asked Questions - Income
Luddenham had 528 occupied dwellings at the 2021 Census, 99% detached houses and 1% apartments. 50% are owned with a mortgage, 14% rented and 35% owned outright. At that Census the median rent was $480 a week and the median mortgage repayment $3,000 a month, a total housing cost higher than 94% of areas nationally. Rent absorbs 16.2% of household income here and mortgage repayments 23.3%. Dwelling stock, tenure and housing costs are 2021 Census measures — the only source that counts dwellings at this boundary size.
Detail
At the time of the latest Census, residential stock was overwhelmingly dominated by separate houses at 99.2%, while semi-detached dwellings, apartments, and other configurations represented 0.8%, compared to 55.9% houses and 44.1% other dwellings across the Sydney metro area. Outright homeownership was 35.3%, exceeding metropolitan levels, while mortgaged properties accounted for 50.4% and rental accommodations represented 14.3%. Typical monthly mortgage commitments stood at $3,000, and weekly median rents were $480, both higher than Sydney metro benchmarks of $2,427 and $470. Relative to Australia-wide figures, local mortgage payments significantly exceed the national standard of $1,863, while weekly rents remain well above the national median of $375.
Frequently Asked Questions - Housing
Luddenham counted 528 households at the 2021 Census, an estimated 583 today, averaging 3.5 people each. 55% are couples with children, more than in 97% of areas nationally, against 24% couples without children. 9% of households are people living alone, and families average 1.8 children. Household and family composition is measured only by the Census, so these are 2021 figures.
Detail
Families make up 88.8% of all households in the area, with couples with children accounting for 55.3%, couples without children representing 24.2%, and single parent families comprising 8.5%. Non-family living arrangements constitute the remaining 11.2%, consisting of lone person residences (9.3%) and group households (1.1%). The median household occupancy of 3.5 people surpasses the Greater Sydney standard of 2.7.
Frequently Asked Questions - Households
17.9% of adults in Luddenham hold a university qualification, including 13.1% with a bachelor degree and 3.8% with postgraduate qualifications. A further 27.9% hold a vocational qualification. 2 schools serve the area, with 271 enrolment places and an average ICSEA of 971 against a national benchmark of 1,000. Qualifications come from the 2021 Census; school enrolments, ICSEA and results come from ACARA's current release.
Detail
Tertiary attainment presents an area for development, with 17.9% of residents holding higher education degrees compared to 38.0% across Greater Sydney. By qualification level, Bachelor degrees comprise 13.1%, postgraduate awards represent 3.8%, and graduate diplomas account for 1.0%. Conversely, vocational and technical credentials are widespread, with 38.9% of the population aged 15+ holding trade qualifications, divided between advanced diplomas (11.0%) and certificates (27.9%). Participation in formal learning is strong, with 31.7% of the community actively engaged in study. This includes 11.9% attending primary schools, 9.5% enrolled in secondary education, and 3.9% engaged in tertiary studies.
Frequently Asked Questions - Education
Schools Detail
Public transport in Luddenham reaches 15 stops on 16 routes, timetabled for about 350 services a week. The typical home sits about 320 m from its nearest stop. Households keep an average of 2.6 vehicles. Stop and service counts are built from operators' published GTFS timetables and refresh with each timetable release; vehicle ownership is from the 2021 Census.
Detail
Public transport connectivity within the locality includes 15 designated stops catering to bus travel. These points of access are connected by 16 distinct routes, generating 345 weekly passenger trips. Accessibility is convenient, with residents generally situated 324 meters from their nearest public transit facility. Due to the area's residential profile, the vast majority of commuters head outward, with private vehicles accounting for 96% of journeys. Vehicle ownership stands at an average of 2.6 per household, above regional levels, while 35.2% of residents worked from home during the 2021 Census under prevailing COVID-19 settings.
Public transport services maintain an overall volume of 49 trips per day across the network, providing approximately 23 weekly departures at each individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
75.0% of residents in Luddenham report no long-term health condition, a healthier profile than 76% of areas nationally. 2.8% need daily assistance with core activities, and 59.3% hold private health cover. The standardised death rate runs at 4.6 per 1,000 residents. Health conditions, assistance needs and insurance are 2021 Census measures; the death rate comes from current ABS releases.
Detail
According to AreaSearch evaluations of mortality and chronic illness data, health measures across the area are exceptionally positive, featuring low rates of ongoing medical conditions across every demographic group. Furthermore, private healthcare coverage is substantial, encompassing approximately 59% of residents (1,261 people). Arthritis and asthma are the most prevalent reported conditions, diagnosed in 6.8% and 5.7% of the population, while 75.0% of residents reported no long-term medical conditions, slightly higher than the Greater Sydney rate of 74.6%. The population aged under 65 demonstrates favorable health outcomes. Residents aged 65 and over represent 13.2% of the community (280 people), below the Greater Sydney proportion of 15.5%, and this older cohort achieves health indicators that outpace national averages.
Frequently Asked Questions - Health
Luddenham is largely Australian-born, at 82.9% of residents, with 18.8% speaking a language other than English at home. The largest reported ancestries are Australian (25.2%) and English (18.6%). Ancestry, language and country of birth are counted only by the Census, so these are 2021 figures.
Detail
Cultural diversity measures indicate that 17.1% of the population was born abroad, while 18.8% speak a language other than English in their households. Christianity is the primary declared faith, practiced by 75.2% of residents, in comparison to 49.2% across Greater Sydney. Looking at parental lineage, the leading ancestral backgrounds are Australian at 25.2% (above the regional mark of 17.8%), English at 18.6%, and Italian at 11.1% (substantially higher than the wider regional rate of 3.4%). Notable representation is also seen among other heritage groups, including Maltese at 7.5% (against 1.0% across the region), Croatian at 3.1% (compared to 0.7%), and Lebanese at 2.7% (relative to 2.6%).
Frequently Asked Questions - Diversity
The median resident of Luddenham is 37. 25.1% of residents are aged 15 to 34. Age cohorts are not raw Census counts: the Census split is re-based to the latest ABS population estimates and state projections.
Detail
The demographic structure is characteristic of an established family-oriented locality. As at August 2026, young people aged 0 - 24 represent 36.7% of the population, compared to 30.4% across Greater Sydney, while individuals aged 25 - 44 account for 23.2%, below the 31.4% recorded across the broader region. The median age is an estimated 37 as at August 2026, aligning with the 2021 Census outcome and matching Greater Sydney's median of 37 at that Census. Since that time, the proportion of residents aged 65+ has increased from 11.3% to an estimated 13.2%.
By 2041, the largest numerical expansion is forecast in the 0 - 24 demographic, projected to rise by 766 residents (98%) to 1,547, while the 65+ cohort will record the fastest growth rate, climbing 148% to 697.
Frequently Asked Questions - Age
Data & MethodBoundaries, Sources & Method for Luddenham
9 of 14 data sections on this page were updated within the last 12 months — the newest current to Sep 2026.
Everything is aggregated to the Suburb (SAL) boundary shown above, on a 2021 Census baseline. Only 3 sections — housing, households and cultural diversity — still wait on the 2026 Census.
The ledger — source, cycle and currency by section
| Section | Source & update cycle | Currency |
|---|---|---|
| Updated within the last 12 months 9 sections | ||
| Population | ABS, GNAF, Geoscience Australia Annual (ABS ERP) | Aug 2026 last month headline measures · 2021 Census baseline |
| Re-based to the ABS Estimated Resident Population (June 2025 release) and updated with new dwellings from GNAF address data. Current to Aug 2026, with the 2021 Census supplying the small-area baseline. | ||
| Age profile | ABS, Geoscience Australia, State governments Annual | Aug 2026 last month headline measures · 2021 Census baseline |
| Age cohorts are re-based to the latest ABS population estimates and state projections, current to Aug 2026. Each cohort is held as a Census baseline and a current estimate. | ||
| Development & approvals | ABS, GNAF Monthly (ABS approvals) | Aug 2026 last month headline measures · Jul 2026 baseline |
| Property sales & rents | Valuer General, Rental Board, ABS Weekly sales, quarterly rents | Sep 2026 this month all 21 measures |
| Sales from the state Valuer General register, refreshed weekly, and rents from quarterly rental bond lodgements. Both are read live each time this page loads, current to Sep 2026. | ||
| Infrastructure projects | Infrastructure Australia, State agencies, Local governments Daily | Aug 2026 last month all 11 projects tracked here |
| Project pipeline maintained continuously from Infrastructure Australia, state agencies, local government and public announcements. Records are added and revised daily; this area was last updated Aug 2026. | ||
| Employment | ABS, DEWR, JSA Quarterly (ABS SALM) | Mar 2026 6 months ago headline measures · 2021 Census baseline |
| Unemployment and labour force from ABS Small Area Labour Markets, current to Mar 2026. The growth outlook applies Department of Employment (now Jobs and Skills Australia) forecasts for all 19 industry divisions to the local industry mix, so it measures sector composition rather than local expansion and makes no allowance for population growth. Job demand comes from the same agency via its Internet Vacancy Index; industry and occupation structure from the 2021 Census. | ||
| Education | ABS, ACARA Annual (ACARA) | Aug 2026 last month headline measures · 2021 Census baseline |
| Transport | ABS, State Transport Departments Each timetable release | Jul 2026 2 months ago headline measures · 2021 Census baseline |
| Services & amenities | Provider directories, ACECQA Continuous | Jul 2026 2 months ago all 14 measures |
| Annual and financial-year sources 2 sections | ||
| Income | ABS, ATO Annual (ATO) | FY 2023 3 years ago headline measures · 2021 Census baseline |
| ATO taxable income statistics for FY 2023, indexed forward using the Wage Price Index. Census household income provides the distribution detail. | ||
| Health | ABS, ATO Annual | 2024 2 years ago headline measures · 2021 Census baseline |
| Census-measured — next update: 2026 Census 3 sections No more current small-area source exists for these, so they are labelled as Census-measured rather than implied to be current. | ||
| Housing | ABS 5-yearly (Census) | 2021 Census next update 2026 all 30 measures |
| Households | ABS 5-yearly (Census) | 2021 Census next update 2026 all 18 measures |
| Cultural diversity | ABS, Geoscience Australia 5-yearly (Census) | 2021 Census next update 2026 all 44 measures |
"Currency" is the most recent release feeding that section. Where the Census supplies the structural baseline underneath a current headline figure, the row says so.
How the numbers are built
Population
The Census provides the small-area baseline, aggregated from mesh blocks to this boundary. It is then re-based to the ABS Estimated Resident Population (June 2025 release), and new dwellings built since Census night are counted from address data — 68 validated new addresses here. The headline figure is therefore a current estimate for Aug 2026, not a 2021 count (1,927 at the 2021 Census → 2,127 now). Annual growth rates are compound (CAGR), not simple averages.
Age profile
Cohort shares are not raw Census counts. Every cohort is held as a pair — the Census baseline and a current estimate — and the split is re-based using ERP and state population projections, current to Aug 2026. Median age is the Census median plus modelled change since. Charts that show both are labelled "2021 Census vs Current Estimate".
Property sales
Sourced from the state valuation authority's sales register — current, not Census, and refreshed weekly. Medians are calculated from settled transactions in the period shown; periods with very low transaction counts are flagged or suppressed, because a handful of sales can move a median substantially.
Rents
Derived from state rental bond lodgement data, by dwelling type and bedroom count. Bonds are lodged at the start of a new tenancy, so this reflects new lettings, not the whole rented stock.
Development & infrastructure
Building approvals come from current ABS releases; development applications are collected from council and state planning portals; the infrastructure pipeline is compiled from Infrastructure Australia and local government sources. Applications are matched to this boundary by address or coordinates, so very recent lodgements may not yet appear.
Employment & income
Industry and occupation structure comes from the Census, but the headline labour-market indicators do not. Unemployment and labour force are derived from ABS Small Area Labour Markets (quarterly). The employment outlook applies Department of Employment forecasts for all 19 industry divisions to this area's own industry mix (the agency is now Jobs and Skills Australia), as does the Internet Vacancy Index used for job demand. Because it is weighted on industry composition alone, that outlook carries no allowance for local population growth — in fast-growing areas the real rise in local jobs will typically be higher. Income combines Census household income with ATO taxable-income statistics for FY 2023, indexed forward using the Wage Price Index.
Education, transport & amenities
School enrolments, ICSEA and performance come from ACARA's current release, not the Census. Public transport stops and service frequency are derived from GTFS timetable feeds published by state transport departments. Services and amenities are proximity and count scores built from provider directories, refreshed on their own cycle. The Census contributes only the travel-to-work and qualification measures.
Rankings and benchmarks. Where we rank this area, the comparison set is every area of the same boundary type — suburbs against suburbs, SA2s against SA2s. Benchmarks compare this area against its greater capital city region and the national figure for the same measure and period.
Limits worth knowing. Small areas carry larger error margins, and the ABS introduces small random adjustments to Census counts to protect confidentiality — so totals may not sum exactly. Estimates re-based from regional data describe the area's expected trajectory, not a direct count of it. Figures are indicative for research and are not financial, planning or valuation advice.
Cross-check us. The Census baseline for this boundary is at ABS 2021 Census QuickStats (SAL12428). QuickStats reports 2021 only — the figures on this page are more current wherever the ledger shows a later date.