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Palace St, Ashfield NSW 2131

Street

Street Summary

Palace St, Ashfield NSW 2131 is a local road where 39% of residences are houses and 45% are apartments. 7 homes sit above the street; 64 homes sit level with the street; 1 homes sit below the street. 7 homes are heritage-listed, 19 are in the flood overlay, and 41 are recommended for a flood check. There are insufficient recent house sales to calculate a reliable comparison against the suburb, so buyers should compare recent sales of individual homes on the street against nearby comparable properties. Notable developments include 22 Palace St (12 lots, 2 levels, built 1968), 49 Palace St (8 lots, 2 levels), and 63 Palace St (8 lots, 2 levels).


PART 1
Street Profile

Property Type Mix

The mix of houses and apartments (units) that make up the Palace St, Ashfield NSW 2131 property market.

Houses vs Apartments204 total lots
39.2%
45.1%
15.7%
Houses (39.2%)
Apartments (45.1%)
Townhouses/Villas/Unclassified (15.7%)

PART 2
Houses

"Houses" in this report includes detached houses, duplexes, and terraces.

Land Topography

How house lots on Palace St, Ashfield NSW 2131 sit relative to street level — topography that affects drainage, flood risk, privacy, and build cost. Statistics are calculated from properties with available data.

High-side vs low-side house lots
High-sideFlatLow-side
7 lots
64 lots
1 lots
High-side (1m above)
Flat
Low-side (1m below)

Risks &Overlays

See which key planning overlays and environmental risks affect this street before you buy.

Heritage
7 houses affected
Bushfire
0 houses affected
Flood
19 houses affected
High voltage power line
0 houses affected

Street Sales - Houses

Actual house sales on Palace St, Ashfield NSW 2131 over the past 5 years, plotted against the Ashfield NSW 2131 median house price trend over the same period.

Street sales vs suburb median
Street SalesSuburb Median Price
$0$1.3M$2.5M$3.8M$5.0MSept 21May 23Jan 25Sept 26$1.8M · 2022$2M · 2023$2.1M · 2024$2.2M · 2025$2M · 2026$2.2M · 2024-09-25 · 43 PALACE ST, ASHFIELD NSW 2131$1.9M · 2022-05-07 · 45 PALACE ST, ASHFIELD NSW 2131$2.5M · 2024-08-17 · 46 PALACE ST, ASHFIELD NSW 2131$1.7M · 2022-11-11 · 48 PALACE ST, ASHFIELD NSW 2131$2.8M · 2024-08-02 · 48 PALACE ST, ASHFIELD NSW 2131$2.2M · 2021-12-04 · 15 PALACE ST, ASHFIELD NSW 2131$1.8M · 2022-03-02 · 7 PALACE ST, ASHFIELD NSW 2131$1.9M · 2023-04-15 · 71 PALACE ST, ASHFIELD NSW 2131
Turnover rate10%Past 5 years

PART 3
Apartments

Street Sales - Apartments

Actual apartment (unit) sales on Palace St, Ashfield NSW 2131 over the past 5 years, plotted against the Ashfield NSW 2131 median apartment price trend over the same period.

Street sales vs suburb median
Street SalesSuburb Median Price
$0$1.3M$2.5M$3.8M$5.0MSept 21May 23Jan 25Sept 26$730k · 2022$758k · 2023$827k · 2024$865k · 2025$885k · 2026$910k · 2023-07-08 · 2/22 PALACE ST, ASHFIELD NSW 2131$840k · 2022-02-04 · 4/61 PALACE ST, ASHFIELD NSW 2131$895k · 2025-08-15 · 2/23 PALACE ST, ASHFIELD NSW 2131$960k · 2025-02-21 · 3/23 PALACE ST, ASHFIELD NSW 2131$738k · 2026-06-17 · 4/23 PALACE ST, ASHFIELD NSW 2131$749k · 2021-10-29 · 6/23 PALACE ST, ASHFIELD NSW 2131$590k · 2022-07-08 · 8/23 PALACE ST, ASHFIELD NSW 2131$900k · 2021-10-02 · 4/25 PALACE ST, ASHFIELD NSW 2131$1.1M · 2025-11-22 · 4/25 PALACE ST, ASHFIELD NSW 2131$4.1M · 2022-04-08 · 27 PALACE ST, ASHFIELD NSW 2131
Apartment sales4Past 12 months
Turnover rate10.9%Past 5 years

Largest Apartment Projects

The largest apartment projects on Palace St, Ashfield NSW 2131, ranked by number of lots.

1
22 PALACE ST, ASHFIELD NSW 2131Small project (<20 lots)
2
49 PALACE ST, ASHFIELD NSW 2131Small project (<20 lots)
3
63 PALACE ST, ASHFIELD NSW 2131Small project (<20 lots)

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Living in Palace St, Ashfield NSW 2131 : Street Profile & FAQs

Common questions about living on and buying property on Palace St, Ashfield NSW 2131 — lifestyle, transport, and the local housing market.

Note: Data is sourced from the Australian Bureau of Statistics (ABS) 2021 Census data and knest.ai internal statistical data.

Is Palace St an expensive or affordable street relative to Ashfield?

There are insufficient recent house sales on Palace St to calculate a reliable premium or discount against the Ashfield average. Buyers should compare recent sales of individual homes on the street against nearby comparable properties to gauge current market positioning.

What are the risk and overlay factors on Palace St?

There are 7 heritage-listed properties on Palace St, meaning renovations or exterior changes may require additional council approval. Flood mapping identifies 19 properties within a flood overlay, 41 recommended for a flood check, and 20 with no flood risk identified or not mapped. There are no bushfire or high-voltage powerline overlays on the street.

Are properties on Palace St mostly on high, level or low ground?

7 homes sit above the street; 64 homes sit level with the street; 1 homes sit below the street. Different site heights relative to the street can influence site characteristics, so buyers should assess the specific property rather than relying on the street average.

What type of road is Palace St?

Palace St is a local road, which generally serves nearby residents rather than carrying through traffic. Speed limit and dominant road percentage data are unavailable, so buyers should assess traffic and noise conditions in person.

Is Palace St mostly houses or apartments?

There are 204 residential properties on Palace St. Houses make up 39.2% of the stock, while apartments account for 45.1%. The street has a mixed profile of dwelling types rather than being predominantly one category.

What are the major apartment developments on Palace St?

The major apartment developments on Palace St include 22 Palace St with 12 lots across 2 levels built in 1968, 49 Palace St with 8 lots across 2 levels, and 63 Palace St with 8 lots across 2 levels. These developments contribute to the street's higher-density residential character.

How many properties have sold on Palace St?

Two apartments sold on Palace St in the past 12 months, while no houses were sold. The 5-year turnover rate is 10% for houses and 9.8% for apartments, representing the proportion of properties that changed ownership during the past five years.

Is Palace St a good street to buy property on?

Palace St suits buyers looking for a mix of detached houses and apartments on a local residential road. The presence of heritage listings and flood mapping may appeal to those comfortable with additional due diligence. Buyers should consider these structural facts and trade-offs when deciding if the street aligns with their needs.