Bankstown
NSWBankstown is a growing suburb in NSW with 34,933 residents.
- SAL code
- 10181
- SA2
- 119011571
- Population
- 34,933
Bankstown, NSW had 34,933 residents at the 2021 Census, with the broader statistical area showing a 6.9% growth over the last five years. The predominant age group is 25-34 years, and the median age sits at 34. Households are most often couples with children, and those with a mortgage repay a median of $1,800 a month. Around 46.0% of homes are owner-occupied, with the largest single tenure being rented at 50.4%. Most dwellings are flats or apartments, making up 59.3% of the suburb's housing stock. The suburb has 33 parks and reserves mapped within its boundary. Source: ABS Census 2021 and Estimated Resident Population, with amenity counts from state Open Data and OpenStreetMap.
Suburb analysis
Bankstown, NSW at a glance
Bankstown is a major south-western Sydney centre ~19 km from the CBD in the City of Canterbury-Bankstown. The suburb is unit-dominated (roughly 80% units to houses by transaction mix), multicultural, and on the cusp of a multi-decade transformation tied to the Sydney Metro conversion and a $2 billion shopping-centre redevelopment. The data tiles below cover the demographic baseline; this card adds the live market, lifestyle, and council pipeline.
For homebuyers
Bankstown is one of the larger town centres in south-western Sydney, with a working CBD, a TAFE and Western Sydney University campus, and a deep multicultural food scene (Lebanese, Vietnamese, Chinese, and a growing South Asian presence). Most buyers here are choosing apartments rather than houses: median unit $580,000 against $1,615,000 for a freestanding house (htag.com.au, May 2026). Paul Keating Park anchors the civic precinct and reopened in 2025 with a $5.5 million play space; Bankstown Central is being rebuilt around a new fresh-food precinct called The Grand Market. The T3 train line closed in September 2024 for metro conversion, with services scheduled to resume as the new Sydney Metro Southwest in the second half of 2026 (NSW Government). Several public primary schools serve the area along with Bankstown Senior College, a Years 10–12 specialist school of about 433 students. In short: a transit-and-CBD-led suburb in the middle of a long redevelopment, best suited to buyers comfortable with construction noise now in exchange for a very different town centre by the late 2020s.
For investors
Bankstown is a two-speed market. Units: median $580,000, rent $600/wk, gross yield ~5.61%, 25 days on market, 472 sales in the past 12 months (htag.com.au May 2026). Houses: median $1,615,000, rent $730/wk, gross yield ~2.35%, 56 days on market, 124 sales. Reported 12-month house growth of +24% sits on a thin transaction base — read it cautiously. Unit growth +10.48% over the same window (htag.com.au May 2026).
Strengths
- Deep, liquid unit market — 472 unit sales in 12 months (htag.com.au May 2026) — easy to enter and exit at scale.
- Unit yields around 5.6% are competitive for inner-Sydney metro stock and tighter than most comparable Sydney suburbs.
- Sydney Metro Southwest opens 2H 2026 — 15 trains/hour at peak versus 8 previously (NSW Government), a structural lift in connectivity.
- Vicinity's $2 billion Bankstown Central masterplan is funded and in early delivery, planning for ~3,500 residents and ~8,400 workers on-site by 2050.
Trade-offs
- House market is illiquid (124 sales/yr, 56 days on market) and the +24% headline growth reflects a small, mix-shifted sample — not a clean signal.
- House yield ~2.35% is well below the cost of debt at current rates — house buyers here are paying for land banking, not cashflow.
- Apartment supply pipeline is heavy: Bankstown Central alone plans up to ~1,500 new homes, on top of LGA-wide multi-unit approvals — risk of yield compression late this decade.
- Construction disruption around the CBD continues through 2026 (metro conversion + civic precinct works) and may dampen short-term rental amenity.
What's coming
Sydney Metro Southwest is the headline event — Sydenham–Bankstown reopens as a metro line in 2H 2026, with Bankstown station being rebuilt as the western terminus. Vicinity's Bankstown Central redevelopment has begun with The Grand Market and the broader masterplan adds offices, a hotel, student accommodation and apartments over the centre. Council's Bankstown CBD Upgrade has already delivered the Appian Way pedestrian transformation and continues with drainage and streetscape works on North Terrace and The Mall (City of Canterbury-Bankstown).
Bottom line
For homebuyers: a centre being rebuilt around a new metro line — accept the disruption now to live in a denser, better-connected town in five years. For investors: a unit-led yield play with strong leasing depth, a major infrastructure catalyst, and a heavy apartment pipeline to watch.
Population
?34,933
Suburb · Census 2021
5-Year Growth
+6.9%
3yr: +8.7% · 10yr: +10.7%
SA2 · 5yr
Household Income
$1,331/wk
Suburb · Census 2021 median
Median Age
34
Suburb · Census 2021
Socio-Economic Index
?1/10
SA2 · more disadvantaged
Unemployment
?10.0%
SA2 · Q4 2025
Schools
8
5 primary, 2 secondary
Hospitals
?1
Within suburb
Childcare services
?30
20 long day, 9 OSHC, 3 family
Parks & green space
?33
Parks, reserves
Transport stops
?103
GTFS stops
Dwelling approvals
No data for this suburb
Median Weekly Rent
Based on NSW rental bond lodgements, aggregated at postcode level. All SALs sharing this postcode show the same median.
Median House Sale Price
Source: state Valuer-General (suburb-level quarterly medians).
→ Calculate stamp duty on this suburb's median price→ Estimate mortgage repayments→ Calculate rental yield (price + median rent)
Safety & Crime
2025 Q4Reported incidents from NSW police. Offence rates may not reflect all crime.
Population over time — Bankstown - North (SA2)
ABS publishes annual estimates only at SA2; Bankstown suburb alone is ~34,933 (Census 2021).
Source: ABS ERP (latest release · 2025) · Census 2021. Numbers refreshed quarterly.
Growth at a Glance
Population grew from 12,417 to 18,671 over 24 years, averaging 1.7% per year.
Schools
8 in suburbSector
8 public
Type
5 primary · 2 secondary
Total enrolment
2,867(7 of 8 reporting)
Avg per school
410
Government school catchment
Intake zonePrimary
Bankstown PS39.0%
- Bankstown NPS 17.6%
- Bankstown WPS 12.7%
- Condell Park PS 11.9%
- Yagoona PS 8.3%
- Banksia Rd PS 4.7%
- Wattawa Hts PS 3.2%
- Padstow NPS 1.3%
- Punchbowl PS 1.2%
- Revesby PS 0.3%
Secondary
Sir Joseph Banks HS57.7%
- Bankstown GHS 52.4%
- Condell Park HS 42.0%
- Punchbowl BHS 36.9%
- Birrong GHS 14.9%
- Birrong BHS 14.9%
- Strathfield SHS 0.3%
- Bass HS 0.0%
- Beverly Hls GHS 0.0%
Infants
Bankstown SIS31.9%
- Mt Lewis IS 5.0%
Source: NSW Department of Education — School Intake Zones. Boundaries can be amended without notice; confirm with the school before relying on enrolment.
Profile
Census snapshot
Housing
Public housing 5.9%Predominantly apartments (59.3%), rental-heavy (50.4% renting), built for families (51% are 2 bed).
Dwelling mix
Tenure
NSW 33%
Number of bedrooms
Bushfire risk
Source: NSW RFS BFPL via SEED
As of May 2026
Overlap is the percentage of the suburb's land area inside the mapped bushfire polygons. Always verify the exact property address with the relevant authority before making decisions.
Flood risk
This suburb falls outside every flood polygon mapped by the relevant authority. Always confirm at the property address — local conditions and unmapped overlays can still apply.
Overlap is the percentage of the suburb's land area inside the mapped flood polygons. Always verify the exact property address with the relevant authority before making decisions. Source when available: NSW Rural Fire Service (BFPL) and NSW DPHI EPI Flood.
Planning zones
11 zones in suburb| Code | Zone | % covered | Area |
|---|---|---|---|
| R2 | ZoneResidential | 41.3% | 2.62 km² |
| R4 | ZoneResidential | 21.8% | 1.38 km² |
| MU1 | ZoneBusiness | 10.4% | 0.66 km² |
| SP2 | ZoneSpecial use | 10.2% | 0.65 km² |
| E4 | ZoneEnvironmental | 6.5% | 0.41 km² |
| RE1 | ZoneRecreation | 5.3% | 0.34 km² |
| R3 | ZoneResidential | 1.7% | 0.11 km² |
| E2 | ZoneEnvironmental | 1.3% | 0.09 km² |
| E3 | ZoneEnvironmental | 1.1% | 0.07 km² |
| E1 | ZoneEnvironmental | 0.2% | 0.01 km² |
| RE2 | ZoneRecreation | 0.1% | 6,539 m² |
Source: NSW DPHI EPI Land Zoning (ZONE_NSW/2026-04-29/1eccf1a530fa1be5) · As of Apr 2026. Zone boundaries are amended periodically; verify the exact property with the relevant council before relying on permitted use.