Located in New South Wales within the Canterbury-Bankstown local government area, Villawood is a moderately sized suburb (postcode 2163). With a population of 7,051, the suburb has a blend of families and working-age professionals with a median age of 34. Households earn a median income of $49K 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, machinery operators & drivers, labourers. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are Lebanese, Vietnamese, Australian.
Median house prices in Villawood stand at $1.1 million, having ticked up by 1.8% over the last twelve months. Units have a median price of $563,000 (-4.7% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,167.
Villawood is served by 2 schools, including 2 primary. The average ICSEA score is 976, which is around the national average of 1,000. Public transport access includes 1 rail station, 62 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, Villawood shows a gross rental yield of approximately 2.6%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 22.3x is considered stretched. House prices have moved +1.8% 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.