The neighbourhood most never want to leave: Why families are circling these rare Ashbury homes

In one of Sydney’s most sought-after suburbs, a collection of terraces and apartments perfect for downsizers and families is now complete.

Ashbury Terraces by Coronation Property is a 136-residence development in the Inner West suburb of Ashbury.

Completed in July this year with a grand opening, Ashbury Terraces is resort-style living in Sydney’s Inner West and features a range of private park-side terraces, apartments, and penthouses.

Perfect for first home buyers, families, and downsizers looking for a modern lifestyle yet still live in a community with a resort-style pool, gym, lush gardens, and lawns.

In Ashbury, a suburb known for not only its tightly held property but also its scarcity of new builds, Ashbury Terraces is a welcome sight for buyers who want something new, private and lifestyle-focused while staying in the community they love.

“Ashbury is suburb people rarely leave,” says Coronation Property’s Head of Urban Transformations, Aras Labutis.

“Without new projects like this, it’s been nearly impossible for growing families or downsizers to stay in the area.”

In-demand location

Ashbury is rare in the Sydney property market, with homeowners staying put longer than usual.

“In a city where people typically move every decade, Ashbury residents hold onto their homes for an average of 15 years,” says Nerida Conisbee, Ray White Chief Economist.

“This statistic reveals a community where residents develop deep attachments to their neighbourhoods, creating a natural market for housing alternatives that allow them to remain in the area.”

Ms Conisbee finds that new homes are incredibly scarce in the area.

“In 2024, just 3 new homes were approved in the area, amounting to less than 1% of total homes approved in Sydney’s inner west,” she says.

“With so little development, it is impossible to meet the needs of downsizers who want to stay in the area and young families who want to take advantage of the considerable amenity.”

Situated only 10km south-west of the Sydney CBD and only a short walk from both Ashfield Train Station and the future Canterbury Metro station, Ashbury offers residents a quiet, leafy Inner West suburb known for its village-like charm without sacrificing a close connection to the city.

Stuart Gordon, a seasoned town planner with over 20 years of experience, recently purchased a three-bedroom Ashbury Terraces apartment for his family partly because of its location.

“I’ve lived in the Inner West for over 25 years, in Dulwich Hill and currently Summer Hill, and Ashbury has always had that sense of community and character,” Mr Gordon says.

“We ideally wanted a brand-new home in the area that worked for our family right now—the girls can comfortably walk to school; I can easily get to work in Surry Hills.”

Timeless homes

With prices ranging from $850,000 to $3.7 million, the homes at Ashbury Terraces cater to a range of lifestyle and buyers.

This includes one-, two-, three-, and four-bedroom apartments that look out over W H Wagener Oval,

These apartments feature generous entertaining balconies and spacious living areas with floor-to-ceiling windows to perfectly capture the views of local green spaces and the city skyline.

For those looking for something larger, the stand-out Terrace Collection offers three-bedroom, two-bathroom terraces with multi-level open atriums, oversized backyards and courtyards and private rooftop retreats.

Outside each individual residence, the lush landscaping and communal spaces include a heated pool, outdoor dining areas, and a state-of-the art gym for residents to enjoy.

“The gym, and especially, the communal resort-style pool, were big draw cards for all of us,” Mr Gordon says.

“The girls are thrilled about having access to a pool and gym and are really looking forward to bringing friends over after school—it’s a lifestyle that suits them now and gives them space to grow.”

Expert team

Ashbury Terraces is the result of a collaboration between developer Coronation Property, designers SJB and landscape architects 360 Degrees.

Sydney-based Coronation Property are experts in delivering diverse residential and mixed-use precincts with 1,750 homes completed, as well as $5.7 billion in projects in the pipeline.

SJB is a leading town planning, architecture, and urban design studio with more than 45 years of experience and has been recognised at the Australian Interior Design Awards, the NSW Architecture Awards and the Australian Urban Design Awards.

For Mr Gordon, who works with SJB but was not directly involved in this development, the team involved made choosing Ashbury Terraces for his family even easier.

“When I saw SJB Architecture was behind the architecture and 360 Degrees was handling the landscaping, I already had confidence this would be an extremely well-executed development,” says Mr Gordon.

“Everything pointed to Ashbury Terraces being a high-quality, liveable, and sound investment, that would suit a transitional period in my family’s life.”

With construction complete and a limited number of residences remaining, buyers are encouraged to register their interest at the Ashbury Terraces website and experience the community first-hand.

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