Buying or renting a property is an important decision. It is also important to understand the suburb and understand the profile of the people living in it. This Bankstown suburb profile will provide a general overview and pointers for aspiring renter, tenant, buyer or investor.
Bankstown suburb profile and suburb overview
Bankstown is a very multicultural suburb, in fact it is one of the most multicultural suburbs in the country. The suburb is located in south western Sydney and is only 16 kilometres from Sydney CBD. The postcode for Bankstown in 2200 and it had a population of over 32 thousand people. The split between males and females is 49.3% to 50.7%. Bankstown can be found on this map.
Bankstown suburb demographics
You can find an interactive report that shows you Bankstown demographics, ancestry breakdown of people living in the suburb here. This report also shows the percentage of properties owned and tenanted in the suburb. It would show the percentage of people living in public housing and weekly household income.
Bankstown ancestry profile
Bankstown has a high percentage of Vietnamese population. Around 24% of people living in Bankstown are of Vietnamese background. This is follows by Lebanese at 18.8%. The third place is taken by Chinese at 14%.
Bankstown public housing and tenant profile
This suburbs has a fairly balanced mix of private and public housing. Though the percentage of public housing tenants is higher than what is noticed in many Sydney suburbs closer to the city. Public housing in Bankstown exceeds 8%. This means that over 8% of people tend to be in lower socio-economic background and qualify for subsidised housing.
A little over 20% of people in this suburbs own their houses outright, about 26% are paying their properties off and 39% are renting. We tend to like suburbs where the renter ratio doesn’t exceed 30%.
Bankstown age profile and income
Working age of population in Bankstown is very young. Majority of people are in the 25-34 age bracket, this is closely followed by 35-44. From the wealth perspective Bankstown is a lower income suburb. Over 40% of this suburb population earn less than $1,250 a week. This is followed by 22% earning less than $1,500 a week per household.
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