Padstow is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2211). With a population of 14,017, the suburb has an established demographic with a median age of 40. Households earn a median income of $98K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, Chinese, English.
The median house price in Padstow is $1.6 million, having declined 3.3% over the past year. Units have a median price of $950,000 (+5.6% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 2.5%. 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 2,349 incidents per 100,000 population.
From an investment perspective, Padstow offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 16.1x is considered stretched. House prices have moved -3.3% year-on-year.
Padstow is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2211). With a population of 14,017, the suburb has an established demographic with a median age of 40. Households earn a median income of $98K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, Chinese, English.
The median house price in Padstow is $1.6 million, having declined 3.3% over the past year. Units have a median price of $950,000 (+5.6% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 2.5%. 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 2,349 incidents per 100,000 population.
From an investment perspective, Padstow offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 16.1x is considered stretched. House prices have moved -3.3% year-on-year.