Suburb Profile Report for Bass Hill NSW (2197)

Bass Hill House: Median price $806,500, Annual capital growth 7.75%, Number of sales 113, Weekly median advertised rent $550

Bass Hill Unit: Median price $650,000, Annual capital growth 6.01%, Number of sales 16, Weekly median advertised rent $480

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Bass Hill has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.66% to date .

Across a shorter period, Bass Hill, 2197 has seen a median price increase of -0.43% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Bass Hill is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 201th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 9.42 sales per month, which equates to 113 per year.

The NSW suburb of Bass Hill, 2197 is in the Bankstown local government area.

At number 484th in the list of Australian suburbs ordered by increase in median house value over the last year, Bass Hill, 2197 is in the top 30% with a property value increase of 8.33% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Bass Hill,2197 has racked up an average of 8.33% over the period. This ranks it number 51th in the whole country for real estate investors looking at median house price increases.

Bass Hill, 2197 is offering NSW ‘s 7th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.

With the median price for a house in Bass Hill being $650000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 3.84%

YIP MAG Information supplied by:

YIP MAG
August 2015

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Bass Hill may be located 23km south-west of the Sydney CBD, yet it’s only about 15 minutes to the popular business districts in Bankstown and Liverpool.Full summary Bass Hill may be located 23km south-west of the Sydney CBD, yet it’s only about 15 minutes to the popular business districts in Bankstown and Liverpool.

The main shopping centre is Bass Hill Plaza and there are plenty of buses operating to get residents there.

There are also further great shopping options in neighbouring Chester Hill and Georges Hall.

This suburb is becoming increasingly sought-after, as indicated by the vacancy rate of just 0.82% and the fact that units typically spend just 20 days on the market before being sold.

Despite the strong demand for Bass Hill, the 12 month growth rate has not reached double figures unlike the vast majority of suburbs in the Bankstown LGA.

Consequently, there is potentially further strong growth over the next year or so.

Modern two-bedroom units on Hector St are close to parks, buses, shops and schools.

They can be bought for around the $380,000 mark.Close
HOUSE UNIT
$806,500 $650,000
-0.43% 3.17%
3.66% 8.33%
7.75% 6.01%
$550 $480
113 16
3.55% 3.84%
91.83 42.81

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 8175
Median household income ($/weekly) 1051
Median age of persons 36
Median housing loan repayment ($/monthly) 2004
Average household size 3
  • Census Count Percent(%)
    5-14 years 1120 13.7
    25-34 years 1031 12.6
    35-44 years 1059 13.0
    45-54 years 1051 12.9
    55-64 years 876 10.7
    Others 3038 37.2
    Age Group
    Census Count Percent(%)
    Registered Married 3018 51.0
    Not Married 2707 45.8
    Defacto Relationship 191 3.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4927 63.8
    Japan 153 2.0
    Malaysia 605 7.8
    Viet Nam 503 6.5
    Other 465 6.0
    Others 1067 13.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 488 6.4
    Christianity 4894 64.6
    Islam 1640 21.7
    Other Religious Groups 47 0.6
    No Religion 476 6.3
    Others 30 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 210 9.3
    $400-$599 247 10.9
    $600-$799 239 10.6
    $1,000-$1,249 225 10.0
    $1,500-$1,999 254 11.3
    Others 1082 47.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2735 45.5
    Employed, worked full-time 1894 31.5
    Employed, worked part-time 893 14.9
    Unemployed, looking for work 251 4.2
    Employed, away from work 239 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 294 9.7
    Professionals 479 15.8
    Technicians & trades workers 513 17.0
    Clerical & administrative workers 543 18.0
    Sales 294 9.7
    Others 901 29.8
    Occupation
    Census Count Percent(%)
    Pre-school 159 7.9
    Infants/Primary 716 35.7
    Secondary 575 28.6
    Technical or Further Educational Institution 206 10.3
    University or other Tertiary Institutions 309 15.4
    Others 42 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6088 79.4
    Semi-detached, row or terrace house, townhouse 1194 15.6
    Flat, unit or apartment 338 4.4
    Caravan, cabin, houseboat 52 0.7
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 876 35.5
    Being purchased 852 34.5
    Rented 717 29.0
    Other tenure type 24 1.0
    Tenure Type
Census 2011, ABS
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