Suburb Profile Report for Bankstown NSW (2200)

Bankstown House: Median price $970,000, Annual capital growth 9.17%, Number of sales 159, Weekly median advertised rent $530

Bankstown Unit: Median price $518,400, Annual capital growth 8.19%, Number of sales 424, Weekly median advertised rent $428

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

NSW has seen average median house prices change by 11.06% which means that Bankstown, 2200 has done well for property investors by showing a capital gain of 7.18% over the last year

A 81.31% growth in median value for property investors in Bankstown,2200 puts this suburb at number 936th in terms of best performing suburbs in NSW

At number 238th of NSW’s most discounted properties, Bankstown is in the bottom 20% of the state/territory when listing in order of most discounted to least.

In the last year 159 properties changed hands in Bankstown, which puts it as the 116th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $530 and the average annual increase in value of a median property of 9.17%, investors should hope to achieve an overall return of 2.84%

Property investors who have had real estate in Bankstown, 2200 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.65%

Bankstown,2200 was ranked 903 in Australia by increase in median property value over the quarter.

Bankstown, 2200 is offering NSW ‘s 95th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.

Advertised rents are around the $427.5 mark per week – giving a return of 4.29% based on the median price in Suburb

Information supplied by:


June 2017

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Bankstown recorded a whopping 15.9% increase in house prices, whereas units saw 5.2% growth.Full summary

The suburb of Bankstown, which has long been a popular prospect for Sydney buyers, has seen its value skyrocket in the past 12 months alone.

It recorded a whopping 15.9% increase in house prices, whereas units saw 5.2% growth. While the unit market is not growing at the same rate as the house market, it has been rising steadily. Rental yields for apartments are also reasonably strong at an average of 4.4%.

Bankstown’s key appeal is in its proximity to the CBD. The Bankstown Airport is just 10 minutes away, and it is the site of a large business park. There are several schools as well, including a university and a hospital school. There are various shopping hubs, and for public transport, there is a train station in the suburb.

Close
Metrics i HOUSE UNIT
$970,000 $518,400
0.78% 0.66%
7.18% 2.65%
9.17% 8.19%
$530 $428
159 424
2.84% 4.29%
78.16 65.58

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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