Picnic Point is a medium-sized suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2213). With a population of 6,413, the suburb has a settled mid-life population with a median age of 39. Households earn a median income of $128K per year, with an average household size of 3 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 education and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Picnic Point stand at $1.8 million, having dipped slightly by 0.6% over the last twelve months. Units have a median price of $1.2 million (+14.3% YoY). The current median weekly rent is $930. This gives a gross rental yield of approximately 2.7%. 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 2,382 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.7% (low yield). Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 13.8x is considered stretched. House prices have moved -0.6% 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.