Condell Park (postcode 2200) is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area. With a population of 13,066, the suburb has a mix of families and early-career residents with a median age of 34. Households earn a median income of $85K per year, with an average household size of 3.4 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, Vietnamese.
Condell Park has a median house price of $1.4 million, which has dropped significantly by 15.5% year-on-year. Units have a median price of $1.2 million (+19.2% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,300.
Condell Park is served by 3 schools, including 1 primary, 1 secondary, 1 combined. The average ICSEA score is 995, which is around the national average of 1,000. Public transport access includes 1 rail station, 57 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, Gross rental yield sits at around 2.4% (low yield). Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 15.9x is considered stretched. House prices have moved -15.5% 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.