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Bankstown Suburb Insights
VICLocation Information
Suburb Name
Bankstown, VIC
Distance from CBD
14.5 kmDemographics
Population
32,113
Median Income
$23,556
Area Information
Area
6.39 km²
Population Density
5026 people/km²
Property Market
Median Price
$447,630
Annual Growth
+7.6%Property Price Trend Analysis
Current Median Price
$447,630
Annual Growth
+7.6%
Quarterly Growth
+3.1%
Price Trends - Last 6 Months
2024-01
$1,044,885
+4.6%2024-02
$918,436
+12.4%2024-03
$440,912
+6.3%2024-04
$1,121,634
+13.5%2024-05
$727,052
+8.6%2024-06
$973,227
+9.6%Property Type Price Analysis
House
Median Price
$1,540,573
Growth Rate
+14.5%Available Listings
181 properties
Apartment
Median Price
$332,945
Growth Rate
+7.6%Available Listings
204 properties
Townhouse
Median Price
$431,688
Growth Rate
+7.1%Available Listings
336 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy