Padstow Heights is a compact 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. 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 English, Australian, Irish.
The median house price in Padstow Heights is $1.5 million, having softened modestly by 2.3% over the past year. Units have a median price of $935,000 (-6.3% YoY). The current median weekly rent is $740. This gives a gross rental yield of approximately 2.5%. 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 2,382 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.5% (low yield). Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 15.2x is considered stretched. House prices have moved -2.3% 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.