Banksmeadow at a glance
Median house
$429,000
Median unit
$970,000
Weekly rent
$1,150
Houses · units $900
Gross yield
13.9%
Houses, on the median
Population
508
Median age 33
Walk score
0
Very car dependent
Prices: ABS statistical area (SA2) median · 2024 · Rent: NSW rental bond data (postcode 2019), June 2026 · Population: 2021 Census
Across the ABS statistical area that takes in Banksmeadow, houses changed hands at $429,000 in 2024, well below the NSW median. An SA2 can take in surrounding localities, so this can differ from sales in Banksmeadow itself. Units come in around $970,000, roughly -126% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $86,000. Prices are well below the NSW median, which keeps Banksmeadow on the radar for first-home buyers and right-sizers.
Market
House prices in Banksmeadow.
Median house price
$429,000
Median unit price $970,000.
ABS statistical area (SA2) median · 2024
An SA2 can take in surrounding localities, so this can differ from sales in Banksmeadow itself.
Rental and ownership
Weekly rent (house)
$1150/wk
Weekly rent (unit)
$900/wk
Owner occupied
40%
Renter occupied
60%
At a deeper level
$429,000
$970,000
508
Median age: 33
Rental data as of June 2026· rental-nsw
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The brief
What to know about Banksmeadow.
Banksmeadow sits in an ABS statistical area (SA2) where the median house price is $429,000 (2024).
Postcode 2019 (NSW), Bayside Council, part of Greater Sydney.
Banksmeadow (2019) sits in the Bayside region of NSW. The median house here is $429,000, well below the NSW median of around $1.10M.
Banksmeadow has roughly 508 residents, with a young-family demographic. Households are renter-heavy. Daily life is car-dependent: most residents drive to work, school and the shops.
Side by side
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Nearby suburbs
Day to day
What it’s like to live here.
Banksmeadow scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 26°C (mild), winter mornings around 8°C (mild). Annual rainfall lands at about 1302mm. Data comes from the Bureau of Meteorology's Sydney (Observatory Hill) station, 32.5km away.
Schooling within or near the suburb covers 10 government primary, 3 government secondary, 5 Catholic, 2 independent.
Who lives here
Demographics.
The 2021 Census put Banksmeadow's population at 508, with a median age of 33. That sits as a young-family demographic. Households are renter-heavy (40% own, 60% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (67% family households, 32% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
508
Median age
33
Family households
67%
Lone person
32%
Demographics data as of May 2026· ABS 2021 Census
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For investors
Investment overview.
Gross rental yield on houses sits at 13.94% (median rent $1150/wk against a $429,000 price tag). Units yield 4.82% gross, often the better cash-flow play for first-time investors. With 60% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
Gross Yield (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 202413.94%
Based on $429,000 median
Gross Yield (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20244.82%
Based on $970,000 median
Annual Growth (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Year-on-year capital growth
Annual Growth (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202640%
Higher = more owner-occupier demand
Days on Market
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
31
total offences in 2026
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of January 2026· State Police Open Data
Getting around
Walkability.
0
0
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Nearby suburbs
Education
Schools in Banksmeadow.
Local schools for Banksmeadow
View the catchment for each school to find out more.
Government School Catchment
Banksmeadow Public School
Pagewood Public School
Botany Public School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
1302 mm
Hottest Month (avg max)
26.2°C
Coldest Month (avg min)
8.4°C
Monthly Rainfall (mm)
Weather data from BOM station Sydney (Observatory Hill) (33 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Banksmeadow.
- What is the median house price in Banksmeadow?
- The median house price for the ABS statistical area (SA2) that takes in Banksmeadow, NSW 2019 is $429,000 (2024). An SA2 can take in surrounding localities, so this can differ from sales in Banksmeadow itself. The median unit price is $970,000.
- How much is my house worth in Banksmeadow?
- A useful starting point is the Banksmeadow median house price of $429,000 (units $970,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Banksmeadow a good investment?
- On the published figures, the gross rental yield on houses in Banksmeadow is 13.9%: the median weekly house rent is $1,150 (NSW rental bond data (postcode 2019), June 2026) against the ABS statistical area (SA2) median house price of $429,000 (ABS, 2024), which can take in surrounding localities. No 12-month price change is published for Banksmeadow: the ABS figures we hold do not measure one. Whether Banksmeadow is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Banksmeadow postcode?
- Banksmeadow is in the 2019 postcode, in NSW, in the Bayside Council region.
- Where is Banksmeadow?
- Banksmeadow is a suburb of Sydney, in NSW 2019. It is part of the Greater Sydney area, in the Bayside Council region.
- What is the average rent in Banksmeadow?
- The median weekly rent for houses is $1150, for units it's $900.
- What schools are in Banksmeadow?
- There are 20 schools serving Banksmeadow on this page, including Banksmeadow Public School, St Bernard's Catholic Primary School, Pagewood Public School.
- How walkable is Banksmeadow?
- Banksmeadow has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 100.
- What suburbs are near Banksmeadow?
- Banksmeadow is close to Botany, Pagewood, Hillsdale, Eastgardens, Matraville.
- What is the population of Banksmeadow?
- The population of Banksmeadow is approximately 508 (2021 Census). The median age is 33.
Banksmeadow
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Surrounding Suburbs
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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