Patrick Sioud
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    • About Bankstown

    Bankstown, located in southwestern Sydney, New South Wales, is a diverse and vibrant suburb known for its multicultural community. It features a mix of residential, commercial, and industrial areas, offering a range of amenities, shopping centers, and cultural experiences. The suburb is well-connected with transport options, reflecting its dynamic urban character.
    About Bankstown
    Wollongong
    Wollongong

    Suburb Statistics

    * Derived from publicly available listing data over a 12 Month period starting November 01, 2023

    Summary

    796 Total number of listingsin the past 12 months
    House listings102
    Unit listings694
    Median Days On Marketin the past 12 months
    House32
    Unit38
    Average Sales Pricein the past 12 months
    House$1,136,946
    Unit$853,743

    Demographics

    20,446 Total Suburb population
    0-45-1920-2425-3435-4445-6465-Over02,0004,0006,0007561,7587,6094,8872,2284,2483,848
    Age Range
    11,605 Total Private Dwellings
    House:2,147
    Owned Ratio:57.35%
    Rented Ratio:41.63%
    Unit:9,284
    Owned Ratio:38.66%
    Rented Ratio:61.12%

    Housing Market

    House Statistics
    Total Sold Properties66
    Median Days On Market32
    Median Sold Price$1,008,750
    Rental Yield3.90%
    Median Sold Price Growth2.90%
    Vacancy Rate0.17%
    Auction Clearance Rate40.00%
    Unit Statistics
    Total Sold Properties438
    Median Days On Market38
    Median Sold Price$697,000
    Rental Yield4.40%
    Median Sold Price Growth-1.30%
    Vacancy Rate0.83%

    Listing Count - 12 Months

    House
    Unit
    Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24May '24Jun '24Jul '24Aug '24Sep '24Oct '240102030405060
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    Market Activity in (Wollongong), last 12 months

    Suburb listings
    Number of Listings*292* House & Units
    Suburb Rental Properties
    Rental Properties*67* During Oct 2024
    Suburb Sold Properties
    Sold Properties*504* House & Units

    Lifestyle and Amenities

    Diverse Cultural Hub:

    Bankstown boasts a rich multicultural atmosphere, offering a diverse range of cuisines, cultural events, and markets that reflect its vibrant community.



    Retail and Entertainment:

    The suburb features shopping centers like Bankstown Central, providing residents with a variety of retail options, dining experiences, and entertainment facilities.



    Transport Connectivity:

    With well-connected transport options, including a train station and bus services, Bankstown provides convenient access to surrounding areas and the broader Sydney region, enhancing residents' lifestyle and mobility.

    Lifestyle and Amenities
    Investment Opportunities

    Investment Opportunities

    Property Development:

    Bankstown presents opportunities for property development, with a growing demand for residential and commercial spaces, particularly in well-connected areas close to amenities and public transport.



    Retail and Business Ventures:

    The suburb's diverse population creates opportunities for retail and business ventures, catering to the varied cultural preferences and needs of the community.



    Infrastructure and Urban Renewal:

    Ongoing infrastructure projects and urban renewal initiatives in Bankstown can attract investors looking for long-term growth, as the suburb undergoes positive transformations, potentially increasing property values and business prospects.

    Unique Characteristics

    Cultural Diversity:

    Bankstown is renowned for its vibrant multicultural community, offering a unique blend of diverse cuisines, traditions, and cultural events that contribute to its dynamic and inclusive atmosphere.



    Transport Hub:

    Serving as a significant transport hub, Bankstown features a well-connected network of trains and buses, enhancing accessibility and making it a central point for commuting within Sydney and the broader region.

    Unique Characteristics