Wiley Park (postcode 2195) is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area. It is home to about 10,016 residents, with a predominantly early-career demographic and a median age of 31. Households earn a median income of $65K 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, community & personal service. Employment in the area leans toward retail trade and healthcare. The top ancestries reported are Lebanese, Australian, Indian.
The median house price in Wiley Park is $1.4 million, having increased by 3.2% over the past year. Units have a median price of $615,000 (+29.2% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,700.
Wiley Park is served by 1 school, including 1 primary. The average ICSEA score is 994, which is around the national average of 1,000. Public transport access includes 1 rail station, 19 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,382 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.0%, which reads as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 20.9x is considered stretched. House prices have moved +3.2% 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.