Bass Hill (postcode 2197) is an established suburb in New South Wales within the Canterbury-Bankstown local government area. It is home to about 10,230 residents, with a mix of families and early-career residents and a median age of 34. Households earn a median income of $73K per year, with an average household size of 3.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Lebanese, Australian, English.
Median house prices in Bass Hill stand at $1.5 million, having risen solidly by 10% over the last twelve months. Units have a median price of $870,000 (+2.4% YoY). The current median weekly rent is $660. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,383.
Bass Hill is served by 3 schools, including 1 primary, 1 secondary, 1 special. The average ICSEA score is 945, which is below the national average of 1,000. Public transport access includes 47 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,382 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.2%, which reads as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 21.0x is considered stretched. House prices have moved +10.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.