Suburb Profile Report for Picnic Point NSW (2213)

Picnic Point House: Median price $1,150,000, Annual capital growth 8.78%, Number of sales 87, Weekly median advertised rent $600

Picnic Point Unit: Median price $841,000, Annual capital growth 7.45%, Number of sales 16, Weekly median advertised rent $590

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Picnic Point, 2213 should be pleased 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 20.42%

Comparing Picnic Point,2213 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Picnic Point is $1150000, with sellers offering an average of -4.93% off the asking price.

On average over the past year, suburb has had 7.25 sales per month, which equates to 87 per year.

Situated 18.70km from the CBD, Picnic Point is one of Bankstown localities in the postcode 2213.

Picnic Point, 2213 ranked 373th in NSW when comparing growth in median property values or capital gain over the last 12 months. Picnic Point is one of 3163 in our list for NSW

Picnic Point,2213 has offered an average of 4.08% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Picnic Point should be aiming for at least -5.03% off the asking price, which is the average vendor discount being achieved at the moment.

A $590 per week rent on the median house gives suburb investors a gross yield of circa 3.65%, without taking into account capital value appreciation, which has been averaging out at 7.45%.

Metrics i HOUSE UNIT
$1,150,000 $841,000
4.07% 2.87%
20.42% 4.08%
8.78% 7.45%
$600 $590
87 16
2.71% 3.65%
69.6 30

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 5608
Median household income ($/weekly) 1710
Median age of persons 39
Median housing loan repayment ($/monthly) 2232
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 763 13.6
    25-34 years 582 10.4
    35-44 years 822 14.7
    45-54 years 833 14.9
    55-64 years 702 12.5
    Others 1906 34.0
    Age Group
    Census Count Percent(%)
    Registered Married 2574 60.6
    Not Married 1493 35.2
    Defacto Relationship 178 4.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4540 83.6
    Malaysia 70 1.3
    Papua New Guinea 67 1.2
    United Kingdom 141 2.6
    Other 130 2.4
    Others 482 8.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 87 1.6
    Christianity 4485 83.8
    Hinduism 34 0.6
    Islam 127 2.4
    No Religion 605 11.3
    Others 14 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 143 8.4
    $1,500-$1,999 217 12.7
    $2,000-$2,499 199 11.7
    $2,500-$2,999 174 10.2
    $3,000-$3,499 164 9.6
    Others 811 47.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1834 42.4
    Not in the labour force 1316 30.4
    Employed, worked part-time 897 20.7
    Employed, away from work 172 4.0
    Unemployed, looking for work 108 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 447 15.4
    Professionals 596 20.5
    Technicians & trades workers 438 15.1
    Community & personal service workers 230 7.9
    Clerical & administrative workers 671 23.1
    Others 519 17.9
    Occupation
    Census Count Percent(%)
    Pre-school 109 7.8
    Infants/Primary 499 35.6
    Secondary 407 29.0
    Technical or Further Educational Institution 134 9.6
    University or other Tertiary Institutions 220 15.7
    Others 33 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4605 84.6
    Semi-detached, row or terrace house, townhouse 819 15.0
    Flat, unit or apartment 11 0.2
    House or flat attached to a shop, office 9 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 834 44.5
    Being purchased 791 42.2
    Rented 242 12.9
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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