Bankstown, NSW

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Livability Index
94.5
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Population: 30572

House Growth Prediction (per annual): 26%, 1072th out of 5061

Unit Growth Prediction (per annual): 19%, 698th out of 2987

Keywords: Cheap House, Young, Active Market, Valuable Market, High Dwelling, Business Area, High Population, High Population Density, Tourism, Born Overseas, Diverse Language, Unemployed, Large Family

Basics

Bankstown is a local community with population 30,572, and the population growth over the past decade is 23%. It has an average income $41,268.33 per annum. It has 16.9% of population who only speak English at home. Other top languages include Arabic, Vietnamese, Mandarin, Cantonese, Greek. Unemployment rate in Bankstown is 10.9% while people work as professionals is 17.8%. Bankstown has 2 Coles stores and 1 Woolworth stores. Its population density is 4,487.12 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Bankstown has Socio-Economic raw score 890.7 while the average score across Australia is 1000. Therefore, Bankstown has disadvantage in terms of Socio-Economic measure. It obtains relative score 12 out of 100 across Australia, while relative score 11 out of 100 within NSW. Factors considered in this score include income, education level, unemployment, occupation, housing pressure and so on. This score is generated by Australia Bureau of Statistics (ABS).

Similar to Socio-Economic measure, GeoIndex computes smart livability index by considering additional factors, including rental rate against income, property price against income, safety, transport, access convenience, environment, population density and so on. Bankstown has a livability index 91.2, which is lower than average 100 across Australia. It ranks 6,270th out of 8,530 suburbs across Australia. Therefore, it is a suburb less livable for local communities.

Real Estate Price Forecast and Investment Guide

Based on our more than ten millions of historical property transaction data, wide range of predictors and cutting-edge algorithm, we predict the house price would grow by 15.2% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Bankstown has a higher than average growth expectation. It ranks 5,535th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Similar to house, unit/flat/apartment in Bankstown is predicted to grow by 6.9% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Bankstown has a higher than average growth. It ranks 2,799th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Education: Primary and Secondary School Index

As for education, Primary public school NA the attractiveness of Bankstown, which obtains score of NA out of 100 within NSW based on local primary school student exam performance. NA primary school, secondary public school contribute to the attractiveness of Bankstown, which obtains score of 78.4 out of 100 within NSW based on local secondary school student exam performance. Considering the background of students in primary school, Bankstown has a NA than average score, which is NA out of 100. NA to primary school, secondary school has better than average score, which is 54.6 out of 100.

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Bankstown, NSW smart rating was calculated by GeoIndex Australia.

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