Meeting Market Demand: Ashbury Terraces Provides The ‘Missing Link’ for Inner West Buyers

A new benchmark for living in Sydney’s Inner West is in the final stages of taking shape with Ashbury Terraces—a visionary residential project by Coronation Property—offering a rare blend of contemporary living and community connection in one of the city’s most tightly held suburbs.

Due for completion in early August, Ashbury Terraces offers a rare opportunity for residents seeking modern, spacious homes in a community-oriented suburb known for its strong sense of place and extremely limited housing turnover.

“Ashbury is a suburb where people stay, not leave,” said leading property economist Nerida Conisbee. “The average property hold period is 15 years, compared to the Sydney average of around 10 years. That deep local attachment—combined with high ownership levels and a shortage of suitable new housing—is creating significant pent-up demand.”

Designed by award-winning architects SJB, Ashbury Terraces comprises 136 residences across five low-rise buildings—including 62 terraces, 71 apartments, and 3 penthouses—each surrounded by lush landscaping and situated within a peaceful heritage conservation pocket, moments from W H Wagener Oval and Peace Park.

Aras Labutis, Head of Urban Transformations at Coronation Property, said the project was deliberately designed to meet a growing demand for “rightsized” living.

“We’ve created homes for people who love Ashbury, but have outgrown their existing housing, or want to remain close to family without compromising on space or amenity,” Labutis said. “This is the missing link between detached homes and high-rise apartments—and Ashbury Terraces delivers that in a way that’s true to the area’s character.”

Conisbee’s analysis shows that Ashbury’s demographic profile is driving market demand, but supply is lagging far behind.

“With 34% of residents aged over 55 and 27% aged 35–54, there’s a perfect storm of families looking to upsize and older residents ready to downsize—but nowhere for either to go,” she said.

“Just three new homes were approved in Ashbury in 2024—less than 1% of approvals across the Inner West. It’s virtually impossible to meet local demand without new projects like this.”

The project’s economic fundamentals are also compelling. Ashbury’s median household income sits at $2,571 per week—well above the Sydney average—and the suburb boasts a $2.21 million median house price. More than 86% of residents are owner-occupiers, with nearly half owning their homes outright.

“Ashbury Terraces gives these residents a rare chance to find a modern, low-maintenance home that reflects their lifestyle while keeping them close to the people and places they love,” Labutis added.

The project offers larger-than-average floorplans, premium finishes, and a suite of resort-style amenities, including a swimming pool, fully equipped gym, and extensive green areas. It’s also just a short walk from Ashfield and Burwood train stations, village shops, cafés, and local schools.

Ashbury Terraces is uniquely positioned to meet the needs of an undersupplied, high-demand market—delivering lifestyle, connection, and quality in one of Sydney’s most enduring suburbs.

For more information on Ashbury Terraces, call the sales team on 1800 500 515 or visit ashburyterraces.com.au.