[citation needed] Only a small number of historical homes and newly built apartment blocks are under private ownership.

[3] Subsequently, "Flemington" became officially an "urban place" confined to a small, unpopulated part of the suburb that is within Cumberland Council.

The neighbouring suburb of Homebush is named after a nearby estate called "Home Bush", around today's Sydney Olympic Park, established in the 1800s by the colony's then assistant surgeon D'arcy Wentworth.

According to local government historian Michael Jones, "Wentworth is popularly credited with having called the area after his 'home in the bush', although Homebush is also a place in Kent.

[8] The streets in the grid are named after various locations in southern England, such as Richmond, Henley, Hampstead, Exeter, Tavistock and Eastbourne.

[10] Eventually, in 1992, the residential part of the suburb, south of the railway line, was officially renamed "Homebush West".

A number of these trading firms owned by members of the Chinese community developed into international conglomerates operating across the Asia-Pacific.

With a concentration of Chinese, Vietnamese-Chinese and Vietnamese businesses, the Flemington village centre acquired a cosmopolitan character with a southeast Asian flavour which it has retained to this day.

West of Flemington markets, separated from the rest of the suburb by the A3 arterial road and the railway, the Ford car factory was built in 1935 and closed in 1994.

The Ford factory site was part of the Borough of Rookwood, which became the Municipality of Lidcombe, which merged in turn into Auburn Council.

The village is home to a variety of Asian restaurants and business reflecting the ethnic makeups of the suburb's residents as well as the large workforce involved in the fresh food trade at Flemington markets.

Chinese, Vietnamese, Sri Lankan, Indian, Malaysian and Nepalese restaurants, businesses and food stores are found across the suburb.

[13][14] The village is now largely made up of low-to-medium rise apartment buildings, except for a small number of detached houses close to the boundaries with Homebush and Strathfield.

A recent redevelopment of the industrial area has resulted in a large estate with almost 2000 residents sharing just six street numbers on Courallie Avenue.