Birrong is a smaller residential area in New South Wales within the Canterbury-Bankstown local government area (postcode 2143). The area has roughly 3,331 residents and a blend of families and working-age professionals, with a median age of 36. Households earn a median income of $82K per year, with an average household size of 3.2 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, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Vietnamese, Chinese, Australian.
The median house price in Birrong is $1.4 million, having posted strong gains by 6.1% over the past year. Units have a median price of $787,000 (+8.9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.4%. 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 2,382 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.4%, which reads as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 17.1x is considered stretched. House prices have moved +6.1% 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.