Suburb Profile Report for Georges Hall NSW (2198)

Georges Hall House: Median price $905,000, Annual capital growth 8.33%, Number of sales 114, Weekly median advertised rent $550

Georges Hall Unit: Median price $600,000, Annual capital growth 5.86%, Number of sales 17, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2610th in the list of Australian suburbs ordered by increase in median house value over the last year, Georges Hall, 2198 is in the BOTTOM 40% with a property value increase of 2.84% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Georges Hall has increased when compared to the 5 year average annual rate.

Georges Hall, 2198 is offering NSW ‘s 224th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.

At number 2254 in a list of fastest selling suburbs, Georges Hall is just in the bottom half of suburbs in Australia with an average of days on market 86.63 for properties listed there.

Situated 20.32km from the CBD, Georges Hall is one of Bankstown localities in the postcode 2198.

Georges Hall is in the bottom 30% in NSW when comparing median price capital growth over the last year. Georges Hall gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.41%.

When looking at the potential capital gains offered to property investors over the last 3 years, Georges Hall comes in at number 278th in NSW.

Property buyers and investors in Georges Hall 2198 should be seeing an average reduction in asking price of around -8.24% . This means that Georges Hall is holding prices well when compared to other suburbs in NSW.

Situated 20.80km from the CBD, Georges Hall is one of Bankstown localities in the postcode 2198.

Metrics i HOUSE UNIT
$905,000 $600,000
0.56% 1.69%
2.84% -0.41%
8.33% 5.86%
$550 $480
114 17
3.16% 4.16%
86.63 49.18

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 8669
Median household income ($/weekly) 1325
Median age of persons 38
Median housing loan repayment ($/monthly) 2167
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1196 13.8
    25-34 years 1091 12.6
    35-44 years 1226 14.1
    45-54 years 941 10.9
    55-64 years 1034 11.9
    Others 3181 36.7
    Age Group
    Census Count Percent(%)
    Registered Married 3625 58.6
    Not Married 2368 38.3
    Defacto Relationship 189 3.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5598 68.3
    Japan 200 2.4
    Malaysia 438 5.3
    Viet Nam 345 4.2
    Other 464 5.7
    Others 1150 14.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 381 4.8
    Christianity 5941 75.2
    Hinduism 36 0.5
    Islam 1005 12.7
    No Religion 493 6.2
    Others 40 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 231 10.1
    $600-$799 211 9.2
    $1,000-$1,249 206 9.0
    $1,500-$1,999 304 13.3
    $2,000-$2,499 258 11.3
    Others 1080 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2684 41.2
    Employed, worked full-time 2358 36.2
    Employed, worked part-time 1012 15.5
    Employed, away from work 251 3.9
    Unemployed, looking for work 209 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 395 10.9
    Professionals 643 17.8
    Technicians & trades workers 545 15.1
    Clerical & administrative workers 714 19.7
    Sales 382 10.5
    Others 942 26.0
    Occupation
    Census Count Percent(%)
    Pre-school 174 8.7
    Infants/Primary 786 39.2
    Secondary 569 28.4
    Technical or Further Educational Institution 148 7.4
    University or other Tertiary Institutions 296 14.8
    Others 33 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7005 87.1
    Semi-detached, row or terrace house, townhouse 1007 12.5
    Flat, unit or apartment 19 0.2
    House or flat attached to a shop, office 14 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1186 46.8
    Being purchased 953 37.6
    Rented 382 15.1
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
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