Suburb Profile Report for Bankstown NSW (2200)

Bankstown House: Median price $942,500, Annual capital growth 8.16%, Number of sales 150, Weekly median advertised rent $520

Bankstown Unit: Median price $500,000, Annual capital growth 7.23%, Number of sales 349, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

Bankstown is an average performer in NSW when comparing median price capital growth over the last year. Bankstown gave property investors a average capital gain figure when compared to the rest of the state, with 7.10%.

Bankstown,2200 has offered an average of 7.10% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bankstown, 2200. Typically our figures indicate that -5.48% is being offered, which puts this NSW suburb at 2212th most discounted overall in Australia.

Residents and property investors in Bankstown have been waiting around 83.34 days to sell a property.

Property investors should expect to get $520 weekly from the median priced house in this suburb.

Over the last year, property investments in Bankstown, 2200 have given investors a capital gain of 3.09%. This compares averagely with the 5.73% for NSW as a whole.

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

Our latest figures would indicate that property sellers in Bankstown are currently offering property investors an average price cut of -6.37% below the asking price at the moment.

With the median price for a house in Bankstown being $500000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.37%

Metrics i HOUSE UNIT
$942,500 $500,000
3.86% -0.40%
7.10% 3.09%
8.16% 7.23%
$520 $420
150 349
2.87% 4.37%
83.34 68.8

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 30571
Median household income ($/weekly) 950
Median age of persons 31
Median housing loan repayment ($/monthly) 1733
Average household size 3
  • Census Count Percent(%)
    0-4 years 2949 9.6
    5-14 years 4221 13.8
    25-34 years 5456 17.8
    35-44 years 4258 13.9
    45-54 years 3726 12.2
    Others 9962 32.6
    Age Group
    Census Count Percent(%)
    Registered Married 10747 50.9
    Not Married 9724 46.1
    Defacto Relationship 643 3.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 11686 42.2
    Croatia 1672 6.0
    Malaysia 2220 8.0
    Viet Nam 3869 14.0
    Other 3224 11.7
    Others 4999 18.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 3735 13.6
    Christianity 12401 45.2
    Hinduism 411 1.5
    Islam 8019 29.2
    No Religion 2662 9.7
    Others 224 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1008 12.2
    $600-$799 1090 13.2
    $800-$999 836 10.1
    $1,000-$1,249 909 11.0
    $1,500-$1,999 959 11.6
    Others 3462 41.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 9509 44.8
    Employed, worked full-time 6724 31.7
    Employed, worked part-time 2959 13.9
    Unemployed, looking for work 1278 6.0
    Employed, away from work 750 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1848 17.7
    Technicians & trades workers 1455 14.0
    Clerical & administrative workers 1539 14.8
    Machinery operators & drivers 1170 11.2
    Labourers 1318 12.6
    Others 3100 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 519 6.9
    Infants/Primary 2460 32.5
    Secondary 1802 23.8
    Technical or Further Educational Institution 1025 13.5
    University or other Tertiary Institutions 1412 18.7
    Others 350 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 13114 46.9
    Separate house 11252 40.2
    Semi-detached, row or terrace house, townhouse 3551 12.7
    Improvised home, tent, sleepers out 30 0.1
    House or flat attached to a shop, office 27 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3998 44.8
    Being purchased 2686 30.1
    Fully owned 2171 24.3
    Other tenure type 66 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals