Lindfield

Lindfield and East Lindfield are affluent suburbs located on the Upper North Shore. Situated 13 kilometres from Sydney’s CBD, the area is famed for its family friendly and leafy nature with large elegant houses, combined with higher density housing along the Pacific Highway.

Lindfield was initially established as a farming community in the late 19th century and the population continued to grow following the opening of the railway line in 1890. Significant growth took place following the Second World War and further still from the mid 1990s when the government encouraged denser housing development along transport hubs.

The development activity has gained substantial traction over the past decade. The number of dwellings in the suburb increased by 22 percent from 2006 to 2016, following just a three percent increase over the previous decade. This was driven by the development of high density apartment blocks, which now account for a third of all residential dwellings in Lindfield compared to just 16 percent in 2006.

East Lindfield differs from Lindfield as it does not have the Pacific Highway or a railway station. The majority of the housing stock is separate houses accounting for 88 percent of dwellings and there are no high density apartment blocks. The number of residential properties has increased just two percent over the past twenty years.

The next step in the transformation of Lindfield is the Lindfield Village Hub and Lindfield Village Green projects.

The Lindfield Village Hub, located on the western edge of Lindfield centre, is one of the largest urban renewal projects in Ku-ring-gai, aiming to transform area into an attractive and dynamic urban village. The project consists of community buildings, public spaces, housing and retail.

The Lindfield Village Green, on the eastern side of the Lindfield centre, aims to deliver new local parks and public plazas and generate a range of property investment and business development opportunities on adjoining properties.

Property prices

House prices in Lindfield and East Lindfield are on a par with a median value of $2.65 million and $2.69 million respectively in August 2017. Prices are slightly below the neighbouring suburbs of Roseville and Killara, which had a median house price of $2.85 million and $2.83 million respectively.

By contrast, the median apartment value in Lindfield, at $977,000 in August 2017, was marginally higher than Roseville but still slightly lower than in Killara. Apartment prices in all three suburbs are higher than the other side of the National Park where the median apartment price in Macquarie Park for example is 25 percent cheaper than in Lindfield.

Prices have increased significantly over the past decade. The median house value in Lindfield has increased 109 percent over the past ten years but the rate of growth has slowed to five percent over past year, in line with many areas in Sydney. In East Lindfield, although the long term growth has not been as strong, median values increased 94 percent over the past decade, a rise of 16 percent was recorded over the past 12 months.

Growth in the median apartment prices in Lindfield has slightly outperformed house price growth with increases of 115 percent and 14 percent over the past decade and year respectively.

Investment

The proportion of households renting in Lindfield has increased over the past five years to 24 percent, higher than the average for Ku-ring-Gai but lower than the Sydney average. This rise has occurred following the growth in high density development along the train line, bringing stock which is popular with investors to the area. Conversely, in East Lindfield the proportion of renters has remained consistently low at 11 percent of households.

In Lindfield, the median weekly rental value was $1,170 for a house and $680 for an apartment in August 2017, equating to average yields of 2.3 percent and 3.6 percent respectively.

Demand

Lindfield is a popular choice for growing and established families who are attracted to the large houses, green space and good schools. Families with children are the largest household type in both suburbs, accounting for 54 percent and 60 percent of households in Lindfield and East Lindfield respectively, significantly higher than the average across Sydney.

The dominance of families has resulted in a lower proportion of residents aged 25 to 34 than the Sydney average. However, this age group is increasing, particularly in Lindfield where the proportion of residents in this age bracket has risen to 10.3 percent from 7.7 percent in 2011. This is on the back of the higher density development, which provides a wider range of housing options suitable for more buyers and renters.

Both suburbs have a similar proportion of residents who were born overseas to the Sydney average, accounting for 38 percent and 35 percent of residents in Lindfield and East Lindfield respectively. Residents who were born in China, the United Kingdom and Hong Kong are most common in both suburbs.

Lindfield has a railway station on the Northern & Western line and is intersected by the Pacific Highway, providing quick access to the CBD by both rail and road. This drives demand from white-collar workers. The largest employment industry for people living in both suburbs is the Professional, Scientific and Tech sector followed by the Financial and Insurance Services sector.

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