Located in New South Wales within the Canterbury-Bankstown local government area, Potts Hill is a small locality (postcode 2143). With a population of 1,454, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $116K per year, with an average household size of 3.2 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, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are Chinese, Vietnamese, Lebanese.
Potts Hill has a median house price of $2.0 million, which has jumped by 15.4% year-on-year. Units have a median price of $701,000 (+9.1% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,600.
Public transport access includes 4 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, Potts Hill shows a gross rental yield of approximately 1.7%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.2x is considered stretched. House prices have moved +15.4% 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.