Suburb Profile Report for Padstow NSW (2211)

Padstow House: Median price $1,080,000, Annual capital growth 9.21%, Number of sales 148, Weekly median advertised rent $550

Padstow Unit: Median price $711,500, Annual capital growth 6.53%, Number of sales 61, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Padstow have tracked close to the NSW average of 8.12% over the last 12 months.

Over the longer term, Padstow has seen property prices show investors a 30.12% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Padstow is giving property investors an average Vendor Discount of around -5.22%. This puts suburb at number 564th in NSW when ranking the most discounted suburbs.

Residents and property investors in Padstow have been waiting around 58.57 days to sell a property.

Using the current median advertised rental of $550 and the average annual increase in value of a median property of 9.21%, investors should hope to achieve an overall return of 2.65%

If you compare the increase in value of investment property in Padstow, 2211 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 4.63%.

The five-year average increase in median property values for Padstow,2211 has given property investors a potential capital gain of 48.54% across each of those five years.

Property investors looking for a bargain in Padstow should be aiming for at least -4.81% off the asking price, which is the average vendor discount being achieved at the moment.

At number 200 in a list of fastest selling suburbs, Padstow is in the TOP 20% of suburbs in Australia with an average of days on market 43.46 for properties listed there.

Advertised rents are around the $480 mark per week – giving a return of 3.51% based on the median price in Suburb

Information supplied by:


January 2018

M
O

W
E
Bounded by Salt Pan Creek and the M5 motorway, the suburb of Padstow is a highly accessible suburb just 22km from the Sydney CBDFull summary

Accessibility draws unit buyers

Postcode: 2211

Median unit price: $777,500

Three-year growth: 46.7%

Rental yield: 3.3%

Bounded by Salt Pan Creek and the M5 motorway, the suburb of Padstow is a highly accessible suburb just 22km from the Sydney CBD.

The unit market here has seen significant growth over the past five years, with an average annual growth rate of 7.8% leading up to November 2017. Apartments spent an average of just 53 days on the market, indicating considerable demand from buyers.

Padstow has many amenities, including several public schools, a private primary school and a special needs school. A shopping centre is located near the local railway station and several shops scattered throughout the suburb. Padstow station is a stop along the Sydney Trains Airport, Inner West and South Line. There are also several buses linking to Bankstown, Milperra and Parramatta.

Close
Metrics i HOUSE UNIT
$1,080,000 $711,500
0.00% -4.82%
9.64% 4.63%
9.21% 6.53%
$550 $480
148 61
2.65% 3.51%
58.57 43.46

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Padstow NSW
Demographics
Total population 12716
Median household income ($/weekly) 1272
Median age of persons 39
Median housing loan repayment ($/monthly) 2167
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1521 12.0
    25-34 years 1654 13.0
    35-44 years 1682 13.2
    45-54 years 1961 15.4
    55-64 years 1492 11.7
    Others 4406 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 5001 51.0
    Not Married 4290 43.7
    Defacto Relationship 519 5.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 7876 65.0
    Croatia 712 5.9
    Malaysia 257 2.1
    Viet Nam 468 3.9
    Other 593 4.9
    Others 2205 18.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 699 5.9
    Christianity 8403 71.0
    Hinduism 211 1.8
    Islam 610 5.2
    No Religion 1799 15.2
    Others 118 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 385 9.6
    $1,000-$1,249 351 8.7
    $1,250-$1,499 346 8.6
    $1,500-$1,999 460 11.4
    $2,000-$2,499 440 10.9
    Others 2048 50.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3932 39.5
    Not in the labour force 3729 37.5
    Employed, worked part-time 1589 16.0
    Employed, away from work 376 3.8
    Unemployed, looking for work 322 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 631 10.7
    Professionals 1174 19.9
    Technicians & trades workers 871 14.8
    Clerical & administrative workers 1172 19.9
    Sales 539 9.1
    Others 1507 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 172 5.9
    Infants/Primary 969 33.4
    Secondary 838 28.9
    Technical or Further Educational Institution 291 10.0
    University or other Tertiary Institutions 552 19.1
    Others 75 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9117 74.6
    Semi-detached, row or terrace house, townhouse 2175 17.8
    Flat, unit or apartment 835 6.8
    House or flat attached to a shop, office 95 0.8
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1635 37.7
    Being purchased 1501 34.6
    Rented 1174 27.1
    Other tenure type 29 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals