Grasmere
A median age of 59, some 19 years above the national figure, is the defining fact about Grasmere. The suburb holds only 2,105 residents across 5.44 square kilometres, and 85.5% have not moved in five years, producing one of the most stable resident bases in NSW. House prices sit at $2,500,000 median, placing this Camden-area address firmly in premium territory, yet household income is only at the 57.2nd percentile nationally, which means most owners bought years ago at far lower prices and now carry their equity outright. Ownership without a mortgage reaches 52.3%, more than double the typical Australian rate, and just 6.9% of households rent.
Population
2,105
Median Age
59.0
Household IncomeiMedian weekly household income (ABS Census)
$1,652/wk
DAs (12 months)iDevelopment Applications lodged in the past year
24
Median House
$2.5M
2024-2025 (PSI derived)
The median house price reached $2,557,500 in 2025, up from $2,330,000 in 2024, a 9.8% one-year gain. That price comes with a stock profile that suits families: 70.1% of dwellings are separate houses and 60.7% have four or more bedrooms, well above state norms. Semi-detached homes account for 27.4% while apartments are rare at 2.4%. Monthly mortgage repayments average $2,831, but because household income sits at the 57.2nd percentile nationally, the mortgage-to-income ratio reaches 39.6%, above the 30% stress threshold. Buyers should model serviceability carefully compared to higher-income suburbs. The outright ownership rate of 52.3% suggests established owners rarely list, which keeps supply thin.
For Buyers
The median house price reached $2,557,500 in 2025, up from $2,330,000 in 2024, a 9.8% one-year gain. That price comes with a stock profile that suits families: 70.1% of dwellings are separate houses and 60.7% have four or more bedrooms, well above state norms. Semi-detached homes account for 27.4% while apartments are rare at 2.4%. Monthly mortgage repayments average $2,831, but because household income sits at the 57.2nd percentile nationally, the mortgage-to-income ratio reaches 39.6%, above the 30% stress threshold. Buyers should model serviceability carefully compared to higher-income suburbs. The outright ownership rate of 52.3% suggests established owners rarely list, which keeps supply thin.
For Investors
With only 6.9% of households renting and a vacancy rate of 9.3%, Grasmere ranks among the least rental-oriented premium suburbs in the region. Weekly rent of $116 against a $2,500,000 median implies a gross yield well below 1%, making pure yield-based investment unattractive compared to most suburban markets. The suburb recorded 20 development applications in the past 12 months, focused on alterations, additions and demolitions rather than new supply. The 9.8% price appreciation from 2024 to 2025 is the main investment argument, alongside a deeply embedded owner base where 85.5% of residents have not moved, meaning forced selling is uncommon and downward price pressure is limited.
Development Activity
Total DAs
146
Last 12 Months
24
YoY ChangeiYear-over-year change in DA lodgements
-11.1%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Demographics
The median age of 59 is 19 years above the national average, making Grasmere one of NSW's most age-concentrated suburbs outside retirement villages. The resident base is predominantly Australian-born, with overseas-born residents at 16.9%, some 4.7 percentage points below the national figure. Ancestry is heavily Anglo-Celtic: English (868), Irish (221) and Scottish (173) are the top three, with Italian (206) as the main Southern European strand. University qualifications reach 27.1%, which is 3 percentage points below national, consistent with a cohort that completed formal education before degree-level attainment became widespread. Average household size of 2.6 is in line with national norms, and 29.1% of families are couples without children.
Age Distribution
Bedrooms
Dwelling Structure
70.1%
Houses
27.4%
Townhouse
2.4%
Apartment
Tenure
Tenure tells the Grasmere story clearly: 52.3% of households own outright, 40.8% carry a mortgage and only 6.9% rent, a ratio that differs sharply from national patterns where renting typically exceeds 30%. The four-plus bedroom share of 60.7% is exceptional, reflecting large residential lots and family-sized homes on the urban fringe of Camden. Separate houses make up 70.1% of stock and semi-detached dwellings 27.4%, with apartments at just 2.4%. The price-to-income ratio implied by the $2,500,000 median and the 57.2nd-percentile household income is high, and the 39.6% mortgage-to-income figure confirms buyers are stretching compared to most NSW suburbs at similar income levels. Prices rose from $2,330,000 to $2,557,500 across 2024 to 2025.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$2,831
Rent / wk
$116
HH Size
2.6
Personal Income / wk
$543
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
9.3%
Unoccupied
64
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
7.0%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
39.6% stressed
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
29.1%
Couples, no children
1,421
Total families
Economy & Employment
Construction leads local employment at 19.3% of workers (95 people), which makes sense for a suburb on the Camden fringe where residential development in surrounding areas generates ongoing tradesperson demand. Education (14.3%, 70 workers) and Healthcare (12.8%, 63 workers) follow, suggesting many residents commute to Camden and Macarthur institutions. Professional and technical services account for 10.0% (49 workers). By occupation, Professionals (149) and Managers (144) are the two largest groups despite university qualifications sitting 3 points below the national average, indicating that experienced career-track workers make up the resident base. The unemployment rate is low at 3.5%, and 61.0% of employed residents work full-time. Participation sits at only 35.9%, reflecting the large retired and semi-retired population at a median age of 59.
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
61.0%
Part-time
35.5%
Participation
35.9%
Employed
643
Occupations
Top Industries
University
27.1%
Postgraduate
5.2%
Born Overseas
16.9%
Dwellings
613
Transport to Work
Car dependency is near absolute: 93.9% of residents drive to work, compared to a national average well above 60% but rarely reaching 94%. No public transport usage data is recorded, suggesting the suburb sits outside meaningful bus or train catchments. Walking and cycling together account for just 1.2% of trips. With no schools recorded inside the suburb boundary, families rely on Camden and nearby centres for education. The absence of detailed crime data prevents a direct comparison, but the suburb's profile (52.3% outright ownership, 85.5% residential stability, median age 59) correlates with low-turnover, low-crime areas in regional analyses. A volunteering rate of 15.3% and only 25.0% needing daily assistance indicate a community where many residents are still active, despite the older median age.
Drive
93.9%
Public Transport
N/A
Walk / Cycle
1.2%
Work from Home
N/A
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Grasmere compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Grasmere a good suburb to live in?
Grasmere suits buyers who want large, established homes in a quiet, stable setting close to Camden. Owner-occupiers make up 93.1% of households, the median age is 59 and 85.5% of residents have not moved in five years, indicating a settled community. The trade-offs are high prices at a $2,500,000 median and near-total car dependency with 93.9% driving to work.
What is the median house price in Grasmere?
The median house price is approximately $2,500,000, rising from $2,330,000 in 2024 to $2,557,500 in 2025, a gain of about 9.8%. Monthly mortgage repayments average $2,831, producing a mortgage-to-income ratio of 39.6%, which exceeds the 30% stress threshold and is above most comparable NSW suburbs at the 57.2nd-percentile income level.
What schools are in Grasmere?
No schools are recorded inside the Grasmere suburb boundary in this dataset. Families rely on schools in neighbouring Camden and surrounding Macarthur suburbs. The local adult population holds university qualifications at 27.1%, which is 3 percentage points below the national average, reflecting a cohort educated before widespread tertiary attainment.
Is Grasmere safe?
Crime statistics are not available for Grasmere at the suburb level. As indirect indicators, 52.3% of households own their home outright, 85.5% of residents have not moved in five years and the unemployment rate is low at 3.5%, all of which correlate with lower crime incidence in comparable Australian suburb profiles.
Is Grasmere good for property investment?
Grasmere is primarily a capital-growth market rather than a yield play. The rental share is just 6.9% with a vacancy rate of 9.3%, and weekly rent of $116 against a $2,500,000 median implies a gross yield well under 1%, low compared to most NSW markets. The 9.8% price gain from 2024 to 2025 and the ownership-heavy, stable resident base support the long-term capital case.
How is Grasmere's population changing?
Grasmere has 2,105 residents across 5.44 km2, giving a density of 387 people per km2. The suburb's characteristics suggest slow natural growth: 85.5% of residents stayed over five years, only 6.9% rent and the median age is 59, some 19 years above the national average. New residents enter mainly through resale of established owner-occupied properties rather than through new development.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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