Revesby (postcode 2212) is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area. It is home to about 15,268 residents, with a settled mid-life population and a median age of 38. Households earn a median income of $96K 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 +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 healthcare and retail trade. The top ancestries reported are Australian, English, Chinese.
The median house price in Revesby is $1.4 million, having dropped significantly by 11.6% over the past year. Units have a median price of $1.1 million (+8% YoY). The current median weekly rent is $760. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,472.
Revesby is served by 5 schools, including 3 primary, 1 secondary, 1 special. The average ICSEA score is 1017, which is around the national average of 1,000. Public transport access includes 91 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Canterbury-Bankstown LGA is below average at 2,382 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.8% (low yield). Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 14.5x is considered stretched. House prices have moved -11.6% 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.