Located in New South Wales within the Canterbury-Bankstown local government area, Padstow is a well-established suburb (postcode 2211). It is home to about 14,017 residents, with an established demographic and a median age of 40. Households earn a median income of $98K per year, with an average household size of 2.8 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, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, Chinese, English.
Median house prices in Padstow stand at $1.6 million, having dipped slightly by 0.7% over the last twelve months. Units have a median price of $1.0 million (+9.9% YoY). The current median weekly rent is $740. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,400.
Padstow is served by 5 schools, including 4 primary, 1 special. The average ICSEA score is 1038, which is around the national average of 1,000. Public transport access includes 61 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,382 incidents per 100,000 population.
From an investment perspective, Padstow shows a gross rental yield of approximately 2.4%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 16.5x is considered stretched. House prices have moved -0.7% 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.