
Lilyfield NSW 2040
Suburb summary
Lilyfield NSW 2040 is an Inner West Sydney suburb in the Inner West & Inner West Fringe, known for its inner-west village feel, Harbour / Waterfront setting, and L1 light rail access. Population is 7,616 across 2.1588 sq km, with median age 39, average household size 2.5, and median family income of $3,166 weekly. Housing is mixed, with 590 houses and 643 apartments. In the past 6 months, median house price was $2.86M from 21 sales, while median apartment price was $1.695M from 8 sales. Lilyfield appeal includes walkability, Sydney Inner West lifestyle, and a 20-minute public transport CBD commute.
Pocket Price Distribution
See how house prices vary across different parts of the suburb, and where this pocket sits in the local market.Suburb median
$2.5M
Derived from sales
House sales
61
In past 12 months
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Pocket Price Map

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178 popular houses in Lilyfield NSW 2040
Apartment projects
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PROJECTS MAP

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62 popular apartments in Lilyfield NSW 2040
Demographic info
Median age
41 years
Renters
40%
Top 3 occupations
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Living in Lilyfield NSW 2040: Suburb Profile & FAQs
Note: Data is sourced from the Australian Bureau of Statistics (ABS) 2021 Census data and knest.ai internal statistical data.
Is Lilyfield NSW 2040 a good suburb for families?
Lilyfield NSW 2040 is a solid suburb for families, especially for buyers who want strong schooling access close to the inner city. The school profile stands out, with both primary and secondary education rated 10 out of 10, and the local age mix shows a genuine family presence, with 8.2% of residents aged 0 to 4 and 13.1% aged 5 to 14. That suggests Lilyfield is not just popular with adults who later move on, but with established households raising children. The average household size of 2.5 is moderate rather than especially large, so the suburb feels more inner-west family practical than sprawling family suburb. The main trade-off is that Lilyfield is not an overwhelmingly house-dominated market, with separate houses at 34% and apartments at 37%, and its safety rating is a softer 2 out of 5. For buyers prioritising schools, access and village-style living, Lilyfield can still be a very good suburb for families.
What is it like to live in Lilyfield NSW 2040?
Living in Lilyfield NSW 2040 feels established, urban and distinctly inner-west, with a village character rather than a polished prestige feel. Lilyfield sits in the Inner West & Inner West Fringe and has an “inner-west village” atmosphere, which fits the combination of strong walkability at 4 out of 5 and culture at 4 out of 5. In everyday terms, that usually means a lifestyle where local errands, cafés and community routines are easier to weave into the week than in more car-dependent suburbs. The harbour and waterfront setting adds appeal, while canopy cover of 24.93% gives some greenery without making Lilyfield especially leafy by Sydney standards. Retail is a middling 3 out of 5, so it is convenient without being a major shopping hub. The trade-off is that Lilyfield feels more active and built-in than secluded, so buyers chasing a quieter, greener or more detached suburban lifestyle may find it less relaxing than further-out family areas.
Is Lilyfield NSW 2040 well connected for commuting?
Lilyfield NSW 2040 is well connected for commuting, particularly for buyers who value quick inner-city access by light rail or car. The suburb does not currently have a train or metro station, but it does have light rail service on the L1 line, many bus options, and an average public transport commute to the Sydney CBD of about 20 minutes. Driving is also relatively efficient by inner-Sydney standards at around 10 minutes on average, which is a strong result for commuters working in or near the city. In practical terms, Lilyfield is a good suburb for commuters who want reliable public transport without needing a heavy rail station at their doorstep. The trade-off is that the transport mix is narrower than in suburbs served by both train and metro, and ferry access is not part of the local picture. For many buyers, though, Lilyfield still offers a very workable commute with less travel friction than many outer suburbs.
Who does Lilyfield NSW 2040 suit best?
Lilyfield NSW 2040 suits professionals, established couples and inner-west family buyers who want a balance of lifestyle and city access. The resident profile is telling: 60.7% of locals work in manager or professional roles, with professionals alone making up 39.4% and managers another 21.3%. Median weekly personal income is $1,133 and median family income is $3,166, which points to a relatively high-earning suburb by broader Sydney standards. The housing mix is also mixed rather than purely family-house focused, with 34% separate houses and 37% apartments, while 36.4% of homes are rented. That makes Lilyfield feel more dynamic and varied than tightly held, purely owner-occupied family enclaves. It is likely to appeal to buyers who want an inner-west lifestyle and can compromise on land size. It may suit buyers seeking large-house, low-density living less well, especially if they want a stronger detached-home character or a quieter suburban setting.
What are the pros and cons of living in Lilyfield NSW 2040?
The main trade-off in Lilyfield NSW 2040 is that you get strong inner-west convenience and lifestyle, but you give up some of the calm, low-density feel that many family buyers associate with more traditional suburban areas. On the plus side, Lilyfield offers good walkability at 4 out of 5, solid cultural appeal at 4 out of 5, light rail access, many bus services, and fast CBD commuting times. Its harbour-side setting and village character also give it a lifestyle edge that many buyers actively seek. On the other hand, retail is only moderate at 3 out of 5, safety is a lower 2 out of 5, and the suburb is not dominated by separate houses, with apartments slightly outnumbering them. That matters most for buyers who want a more peaceful, house-led environment with a stronger sense of space. For the right buyer, especially one focused on access and inner-west lifestyle, Lilyfield can still be an excellent fit.
What are property prices like in Lilyfield NSW 2040?
Property prices in Lilyfield NSW 2040 are expensive by normal Sydney buyer expectations, especially for houses. Over the most recent six months of sales captured here, the median house price was about $2.757 million from 19 sales, while the median apartment price was about $1.5 million from 5 sales. That creates a clear split in the suburb’s entry points: houses sit firmly in premium inner-west territory, while apartments still require a substantial budget but offer a lower starting point for buyers wanting access to Lilyfield. The house market also reached into the low-to-mid $4 millions at the top end, showing how quickly budget pressure can rise for better homes. In practical terms, buying property in Lilyfield usually means paying up for location, lifestyle and CBD access rather than chasing cheap land. The trade-off is obvious: buyers may accept less space or a different dwelling type here in exchange for the suburb’s inner-west position and commuting convenience.
