Birrong is a smaller suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2143). With a population of 3,331, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $82K per year, with an average household size of 3.2 people. The most common occupations are professionals, clerical & administrative, labourers. The top ancestries reported are Vietnamese, Chinese, Australian.
The median house price in Birrong is $1.3 million, having dropped significantly 10.3% over the past year. Units have a median price of $669,000 (-15% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,033.
Birrong is served by 3 schools, including 1 primary, 2 secondary. The average ICSEA score is 953, which is around the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Birrong offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 15.9x is considered stretched. House prices have moved -10.3% year-on-year.
Birrong is a smaller suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2143). With a population of 3,331, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $82K per year, with an average household size of 3.2 people. The most common occupations are professionals, clerical & administrative, labourers. The top ancestries reported are Vietnamese, Chinese, Australian.
The median house price in Birrong is $1.3 million, having dropped significantly 10.3% over the past year. Units have a median price of $669,000 (-15% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,033.
Birrong is served by 3 schools, including 1 primary, 2 secondary. The average ICSEA score is 953, which is around the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Birrong offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 15.9x is considered stretched. House prices have moved -10.3% year-on-year.