Suburb Profile Report for Bankstown NSW (2200)

Bankstown House: Median price $965,000, Annual capital growth 8.84%, Number of sales 166, Weekly median advertised rent $540

Bankstown Unit: Median price $516,500, Annual capital growth 8.33%, Number of sales 414, Weekly median advertised rent $425

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Bankstown, 2200 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 6.04%.

A 78.21% growth in median value for property investors in Bankstown,2200 puts this suburb at number 878th in terms of best performing suburbs in NSW

Vendor discounting in Bankstown is giving property investors an average Vendor Discount of around -5.05%. This puts suburb at number 557th in NSW when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $6480 per annum or $540 every week.

Bankstown has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.58% to date .

Bankstown,2200 was ranked 982 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Bankstown is offering property investors an average of -4.16. This rate of discount on properties puts Suburb at number 70th in terms of most discounted suburbs in NSW

With the median price for a house in Bankstown being $516500 and the advertised rent reaching $425 the gross rental yield for property investors calculates out to be 4.28%

Information supplied by:


June 2017

M
O

W
E
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
$965,000 $516,500
1.58% 0.29%
6.04% 0.58%
8.84% 8.33%
$540 $425
166 414
2.91% 4.28%
89.07 68.67

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Bankstown NSW
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
Chart Table
Recent sales & rentals