Georges Hall (postcode 2198) is a mid-sized suburb in New South Wales within the Canterbury-Bankstown local government area. With a population of 9,739, the suburb has a blend of families and working-age professionals with a median age of 36. Households earn a median income of $93K 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, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are Lebanese, Australian, English.
Georges Hall has a median house price of $1.5 million, which has jumped by 10.7% year-on-year. Units have a median price of $875,000 (+6.7% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,500.
Georges Hall is served by 4 schools, including 3 primary, 1 combined. The average ICSEA score is 1050, which is above the national average of 1,000. Public transport access includes 59 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,382 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.6%, which reads as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 16.1x is considered stretched. House prices have moved +10.7% 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.