Picnic Point is a mid-sized suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2213). With a population of 6,413, the suburb has an established demographic with a median age of 39. Households earn a median income of $128K per year, with an average household size of 3 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Picnic Point is $2.1 million, having surged 21.4% over the past year. Units have a median price of $1.1 million (+1.9% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,817.
Picnic Point is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1060, which is above the national average of 1,000. Public transport access includes 23 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, Picnic Point offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 16.6x is considered stretched. House prices have moved +21.4% year-on-year.
Picnic Point is a mid-sized suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2213). With a population of 6,413, the suburb has an established demographic with a median age of 39. Households earn a median income of $128K per year, with an average household size of 3 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Picnic Point is $2.1 million, having surged 21.4% over the past year. Units have a median price of $1.1 million (+1.9% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,817.
Picnic Point is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1060, which is above the national average of 1,000. Public transport access includes 23 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, Picnic Point offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 16.6x is considered stretched. House prices have moved +21.4% year-on-year.