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 +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, 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 increased by 2.5% year-on-year. Units have a median price of $840,000 (-10.9% YoY). The current median weekly rent is $925. This gives a gross rental yield of approximately 2.9%. 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 2,302 incidents per 100,000 population.
On the investment side, Panania shows a gross rental yield of approximately 2.9%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 15.9x is considered stretched. House prices have moved +2.5% 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.