Potts Hill is a small community in New South Wales within the Canterbury-Bankstown local government area (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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, Vietnamese, Lebanese.
The median house price in Potts Hill is $1.7 million, having dipped slightly 1.7% over the past year. Units have a median price of $778,000 (+8% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.0%. 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 2,349 incidents per 100,000 population.
From an investment perspective, Potts Hill offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 14.7x is considered stretched. House prices have moved -1.7% year-on-year.
Potts Hill is a small community in New South Wales within the Canterbury-Bankstown local government area (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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, Vietnamese, Lebanese.
The median house price in Potts Hill is $1.7 million, having dipped slightly 1.7% over the past year. Units have a median price of $778,000 (+8% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.0%. 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 2,349 incidents per 100,000 population.
From an investment perspective, Potts Hill offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 14.7x is considered stretched. House prices have moved -1.7% year-on-year.