Suburb Profile Report for Bankstown NSW (2200)

Bankstown House: Median price $995,000, Annual capital growth 9.06%, Number of sales 159, Weekly median advertised rent $550

Bankstown Unit: Median price $515,000, Annual capital growth 8.24%, Number of sales 428, Weekly median advertised rent $430

  • 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 quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.56%.

If we look at median property appreciation over just the last three months, Bankstown has given property investors a paper return of 1.53%. This puts Suburb as 786 on a list of fastest fasting appreciating suburbs in NSW

Bankstown2200 is located in NSW which offers an average discount of -5.24% to property investors. Bankstown itself is showing figures that indicate -8.09% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $550 and the average annual increase in value of a median property of 9.06%, investors should hope to achieve an overall return of 2.87%

Investment property in Bankstown has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.18%

While Bankstown,2200 ranked number 423th in NSW for increase in median house value (annualised) increase, it is ranked 189th over the last 5 years.

Bankstown2200 is located in NSW which offers an average discount of -4.11% to property investors. Bankstown itself is showing figures that indicate -5.25% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Bankstown have been waiting around 54.38 days to sell a property.

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
$995,000 $515,000
1.53% -0.96%
10.56% 1.18%
9.06% 8.24%
$550 $430
159 428
2.87% 4.34%
95.22 54.38

Source: CoreLogic

DSR Score for property investment : Above average (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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