Panania is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2213). With a population of 13,507, the suburb has an established demographic with a median age of 38. Households earn a median income of $106K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, English, Chinese.
The median house price in Panania is $1.0 million, having dropped significantly 36.4% over the past year. Units have a median price of $900,000 (-5.9% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 4.0%. 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 2,349 incidents per 100,000 population.
From an investment perspective, Panania offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.7x is considered moderate. House prices have moved -36.4% year-on-year.
Panania is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2213). With a population of 13,507, the suburb has an established demographic with a median age of 38. Households earn a median income of $106K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, English, Chinese.
The median house price in Panania is $1.0 million, having dropped significantly 36.4% over the past year. Units have a median price of $900,000 (-5.9% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 4.0%. 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 2,349 incidents per 100,000 population.
From an investment perspective, Panania offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.7x is considered moderate. House prices have moved -36.4% year-on-year.