Bankstown is a large suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2200). With a population of 34,933, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $69K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are Vietnamese, Lebanese, Chinese.
The median house price in Bankstown is $1.3 million, having dropped significantly 21.6% over the past year. Units have a median price of $585,000 (-2.4% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,800.
Bankstown is served by 12 schools, including 7 primary, 3 secondary, 1 combined, 1 special. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 118 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Bankstown offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 18.3x is considered stretched. House prices have moved -21.6% year-on-year.
Bankstown is a large suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2200). With a population of 34,933, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $69K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are Vietnamese, Lebanese, Chinese.
The median house price in Bankstown is $1.3 million, having dropped significantly 21.6% over the past year. Units have a median price of $585,000 (-2.4% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,800.
Bankstown is served by 12 schools, including 7 primary, 3 secondary, 1 combined, 1 special. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 118 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Bankstown offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 18.3x is considered stretched. House prices have moved -21.6% year-on-year.