Padstow Heights is a smaller suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2211). With a population of 3,594, the suburb has an established demographic with a median age of 44. Households earn a median income of $101K per year, with an average household size of 2.7 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Padstow Heights is $1.3 million, having dropped significantly 18.8% over the past year. Units have a median price of $925,000 (-7.3% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,500.
Public transport access includes 15 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 Heights offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 12.7x is considered stretched. House prices have moved -18.8% year-on-year.
Padstow Heights is a smaller suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2211). With a population of 3,594, the suburb has an established demographic with a median age of 44. Households earn a median income of $101K per year, with an average household size of 2.7 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Padstow Heights is $1.3 million, having dropped significantly 18.8% over the past year. Units have a median price of $925,000 (-7.3% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,500.
Public transport access includes 15 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 Heights offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 12.7x is considered stretched. House prices have moved -18.8% year-on-year.