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Bankstown, NSW 2200

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Bankstown, NSW 2200 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Bankstown, NSW 2200”

  1. The total adult population (15 years or older) of Bankstown 2200 NSW is 27,836, with a median age of 34. Of those, 48.53% are married, 14.71% are divorced or separated, 32.50% are single and 4.26% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $5,744. The median monthly mortgage repayment for households in this suburb is $1,800 which is 31.34% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Bankstown, a popular area located in NSW, comprises of an estimated 15,956 households. As we step into the third quarter of 2023, the typical prices for houses in Bankstown (postcode 2200) have been observed to be around $1,259,867. Notably, the median weekly rent stands at $578, which equates to an indicative yield of 2.39%.

    As far as the socio-economic status is concerned, Bankstown holds an IRSAD score of a respectable 913 out of 1217, underlining a balanced access to financial resources and economic opportunities. However, with a renter to owner ratio standing at 50%, the area exhibits a divided composition of owners and renters. In terms of property types, the ratio of units to houses is leaning largely towards units with a percentage of 75%.

    Investors might want to consider the fact that the affordability index for houses stands at a substantial 86 years, suggesting that it is a market more favourable to cash buyers or those with significant capital. Turning to the supply aspect, the stock on market Percentage for houses is a favourable 0.36%, showing that properties for sale are not saturating the market. The inventory level for houses stands at a relatively low 1.83 months, implying the market is susceptible to changes in demand.

    Furthermore, the building approvals ratio for houses is a modest 1.23%, indicating a steady stream of new housing contributing to the area’s real estate market. When observing demand in the area, the houses are typically sold relatively quickly, with an average of 27 Days on Market. Additionally, the combined vacancy rate for houses and units stands at a notably low 0.44%, implying that there is high demand and a limited supply of homes for rent. Despite these favourable statistics, the buy search index for houses is at a neutral level of 3, suggesting demand is balanced with supply.

    The real estate sector continues to evolve, thus it’s essential to keep abreast of the changing metrics and trends that can affect the buying and renting conditions in your preferred suburbs.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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