Condell Park is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2200). With a population of 13,066, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $85K per year, with an average household size of 3.4 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Lebanese, Australian, Vietnamese.
The median house price in Condell Park is $1.7 million, having grown strongly 6.9% over the past year. Units have a median price of $1.1 million (+9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.0%. 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 2,349 incidents per 100,000 population.
From an investment perspective, Condell Park offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 20.1x is considered stretched. House prices have moved +6.9% year-on-year.
Condell Park is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2200). With a population of 13,066, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $85K per year, with an average household size of 3.4 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Lebanese, Australian, Vietnamese.
The median house price in Condell Park is $1.7 million, having grown strongly 6.9% over the past year. Units have a median price of $1.1 million (+9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.0%. 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 2,349 incidents per 100,000 population.
From an investment perspective, Condell Park offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 20.1x is considered stretched. House prices have moved +6.9% year-on-year.