Located in New South Wales within the Canterbury-Bankstown local government area, Panania is a well-established suburb (postcode 2213). It is home to about 13,507 residents, with a settled mid-life population and a median age of 38. Households earn a median income of $106K per year, with an average household size of 2.9 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, English, Chinese.
Panania has a median house price of $1.7 million, which has grown strongly by 6.2% year-on-year. Units have a median price of $943,000 (-1.4% YoY). The current median weekly rent is $930. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,600.
Panania is served by 7 schools, including 5 primary, 2 secondary. The average ICSEA score is 1029, which is around the national average of 1,000. Public transport access includes 49 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, Panania shows a gross rental yield of approximately 2.8%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 16.3x is considered stretched. House prices have moved +6.2% 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.