Yagoona is a settled mid-to-large suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2199). With a population of 19,651, the suburb has a mix of families and early-career residents with a median age of 34. Households earn a median income of $75K 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, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Lebanese, Vietnamese, Australian.
Yagoona has a median house price of $1.4 million, holding roughly steady year-on-year. Units have a median price of $610,000 (-2.4% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,167.
Yagoona is served by 2 schools, including 2 primary. The average ICSEA score is 1014, which is around the national average of 1,000. Public transport access includes 3 tram stops, 82 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, Gross rental yield sits at around 2.6% (low yield). Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 18.7x is considered stretched. House prices have moved +0.0% 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.