Banksmeadow is a close-knit residential community in New South Wales within the Bayside (NSW) local government area (postcode 2019). It is home to about 508 residents, with a blend of families and working-age professionals and a median age of 33. Households earn a median income of $116K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are Chinese, English, Irish.
Units have a median price of $632,000 (-41.9% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 7.4%. The median monthly mortgage repayment is $3,000.
Public transport access includes 11 bus stops. The crime rate in the Bayside (NSW) LGA is below average at 2,355 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 7.4% (high yield). Property prices sit below the state median ($632K/$1.5M), which can point to relative value. The price-to-income ratio of 5.5x is considered affordable. House prices have moved -41.9% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.