Neil Casey
Prosperitii Property Investment Advisory - 30+ reviews (Granny Flat and Dual Occ specilaists)

Sydney · Inner West
An inner west Sydney suburb on Great North Road, where a Sydney Metro West station is being built. Homes are a mix of houses and apartments.
Last reviewed 24 October 2026
Market snapshot
Estimate, not an official figure · September 2026
Median house
$2.25M - $3.10M
Mid-band $2.67Mspread 32%
Median unit
$1.00M - $1.40M
Mid-band $1.2Mspread 33%
Rental yield
1.9% to 2.9%
Gross yield on house stock. Premium suburbs compress.
Price growth for Five Dock is not shown. Our estimates for May and September 2026 gave five-year figures more than 10 points apart, and no licensed sales data is available to check which is right.
Before you buy
A Sydney Metro West station is being built at Five Dock, with one entrance at Fred Kelly Place off Great North Road. Sydney Metro targets 2032 for the line to open. Construction around the site includes piling and a tower crane, and standard work hours include Saturdays, so visit a home near the site on a work day before you buy.
The City of Canada Bay lists over 500 heritage items and 20 conservation areas across the council area. The council's advice for one property is to check Schedule 5 of its 2013 Local Environmental Plan.
NSW Department of Communities and Justice bond data for the June 2026 quarter puts the median weekly rent for a new tenancy in postcode 2046, which covers more than Five Dock, at $1,300 for a house, from 64 bonds, and $800 for a unit, from 132 bonds.
At the 2021 Census, 45.3% of Five Dock homes were separate houses, 36.8% were flats or apartments and 15.1% were semi-detached or townhouses.
Agents on a Pro plan across Inner West
Why a buyers agent
Near a station under construction, two homes a few streets apart can face years of very different noise and traffic. A buyers agent who works the inner west checks each home on your shortlist against the Metro works and the council's heritage list, prices it against the sales closest to it, and negotiates or bids at auction for you.
Sydney Metro West targets 2032 for opening. Until then, an agent weighs how close each home is to the works and the Saturday construction hours.
The City of Canada Bay has over 500 heritage items. An agent checks Schedule 5 of the council's plan for each address before you bid.
At the 2021 Census, Five Dock homes were close to half separate houses and over a third apartments. An agent compares both against your budget and plans.
Revenue NSW charges first home buyers no transfer duty on a home up to $800,000, and a reduced amount below $1,000,000. An agent with your conveyancer checks whether the home you choose qualifies before you exchange.
Compare
| Metric | This suburbFive Dock | NearbyCanada Bay | NearbyDrummoyne | NearbyHaberfield |
|---|---|---|---|---|
| Median house | $2.25M - $3.10M | Not available | Not available | $2.80M - $3.80M |
| Median unit | $1.00M - $1.40M | Not available | Not available | $550,000 - $750,000 |
| Rental yield | 1.9% to 2.9% | Not available | Not available | 1.7% to 2.7% |
| Postcode | 2046 | 2046 | 2047 | 2045 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Five Dock had 9,823 residents at the 2021 Census, with a median age of 41. It is in the City of Canada Bay council area.
The Five Dock Metro station will have one entrance, at Fred Kelly Place off Great North Road.
At the 2021 Census, 60.6% of Five Dock homes were owned outright or with a mortgage. The median weekly rent at that Census was $570 and the median monthly mortgage repayment was $3,000.
Frequently asked
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Editorial review: 24 October 2026.
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