Banksmeadow

SA2

Greater Sydney / Botany

 
 
 
 
 
 
 
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Statistical Area (SA2) Boundary Analysis

This analysis uses ABS Statistical Areas Level 2 (SA2) boundaries, which can materially differ from Suburbs and Localities (SAL) even when sharing similar names.

SA2 boundaries are defined by the Australian Bureau of Statistics and are designed to represent communities for statistical reporting (e.g., census and ERP).

Suburbs and Localities (SAL) represent commonly-used suburb/locality names (postal-style areas) and may use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.

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Sales ActivityProperty Sales Trends in Banksmeadow

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The median unit price in Banksmeadow is $980k. House values have moved 0.0% a year compounded over five years.

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DemographicsPopulation Growth in Banksmeadow

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Banksmeadow has an estimated 697 residents, up from 508 at the 2021 Census — a change of 189 people, or 37.2%. Interstate and internal migration accounts for 68.4% of that increase. That puts 177 residents on each square kilometre. Population is estimated from ABS Estimated Resident Population releases and GNAF address data, re-based from the 2021 Census and updated annually.

Detail

Based on AreaSearch's analysis, Banksmeadow's population is around 697 as of Nov 25. This reflects an increase of 189 people (37.2%) since the 2021 Census, which reported a population of 508 people. The change is inferred from the estimated resident population of 645 from the ABS as of June 2024 and an additional 83 validated new addresses since the Census date. This level of population equates to a density ratio of 176 persons per square kilometer, providing significant space per person and potential room for further development. Banksmeadow's 37.2% growth since the 2021 census exceeded the SA3 area (6.6%), along with the state, marking it as a growth leader in the region.

Population growth for the area was primarily driven by interstate migration that contributed approximately 68.4% of overall population gains during recent periods, although all drivers including natural growth and overseas migration were positive factors. AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the NSW State Government's SA2 level projections, as released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are also applied to all areas for years 2032 to 2041. As we examine future population trends, exceptional growth, placing in the top 10 percent of statistical areas across the nation, is predicted over the period with the area expected to increase by 469 persons to 2041 based on the latest population numbers, reflecting an increase of 59.8% in total over the 17 years.

Frequently Asked Questions - Population

What is the latest population estimate for Banksmeadow?
Total population for Banksmeadow was estimated to be approximately 697 as at Nov 25. This is based upon an estimated resident population of 645 from the ABS up to June 2024.
How has the population in Banksmeadow changed since 2021?
Banksmeadow has added approximately 189 people and shown a 37.20% increase from the 508 people recorded at the 2021 Census period.
What is the population density in Banksmeadow?
The population density in Banksmeadow is estimated at 176 persons per square kilometer based on the latest population estimate.
How much has the population grown over the past 10 years?
Over the past 10 years, the population has shown a compound annual growth rate of 43.0% per annum.
What are the main drivers of population growth in the area?
Population growth in Banksmeadow is driven by: Interstate migration (68.4%), Natural increase (18.8%), Overseas migration (12.8%). The primary driver is Interstate migration, contributing 68.4% of overall population gains.

Residential SupplyHousing Development & Building Approvals in Banksmeadow

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29 new dwellings have been approved in Banksmeadow over the past five years, an average of 5 a year. That places the area in the 84th percentile for residential development activity nationally, about 7 approvals per 1,000 residents a year. Few approvals have been recorded in the most recent months, well below the longer-run average; the latest ABS periods are still being reported. Figures come from ABS building approvals aggregated to this SA2 boundary and are updated monthly as the ABS releases them.

Detail

Banksmeadow has experienced around 5 dwellings receiving development approval each year, totalling 29 homes over the past 5 financial years. So far in FY-26, 0 approvals have been recorded. At an average of 21.2 new residents per year for every home built over the past 5 financial years (between FY-21 and FY-25), demand significantly exceeds new supply, which usually results in price growth and increased buyer competition, while new homes are being built at an average value of $549,000, demonstrating a developer focus on the premium segment with upmarket properties.

Also, $75.3 million in commercial approvals have been registered this financial year, indicating strong commercial development momentum. When measured against Greater Sydney, Banksmeadow has similar development levels (per person), maintaining market balance consistent with the broader area. Further, recent development has been entirely comprised of attached dwellings. This skew toward compact living offers affordable entry pathways and attracts downsizers, investors, and first-time purchasers. Looking ahead, Banksmeadow is expected to grow by 417 residents through to 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

Frequently Asked Questions - Development

How many dwelling approvals have occurred in the Banksmeadow area recently?
Dwelling approval activity in the Banksmeadow area has seen 29 residential approvals over the past two financial years, based on AreaSearch's SA2 aggregation method. Banksmeadow's current population of 697 has been supported by 5 approvals on average over recent years.
How does Banksmeadow's development activity compare to the broader region?
Banksmeadow has seen 0.93 approvals per 100 people in recent years, compared to 0.66 approvals in the broader region. This means that one dwelling has been approved for every 0 people in Banksmeadow, compared to one for every 186 in the broader region.
Is the Banksmeadow area keeping up with housing demand?
With the population expected to increase by 417 people by 2041, around 209 new dwellings will be necessary. Recent approval levels may be insufficient to meet these forecasts, considering the census average of 2.0 persons per dwelling. This indicates potential housing shortages if current approval trends continue.
What has been the trend in development approvals over the past five years?
Looking at development activity over the past five years, Banksmeadow's approval levels have been significantly above the yearly average of 5, indicating strong recent growth in development activity.
How many dwellings will be needed to accommodate future population growth?
The population in Banksmeadow is expected to grow by 417 people by 2041, necessitating approximately 209 new dwellings. This calculation is based on the current census average of 2.0 persons per dwelling in the area.
How does recent development compare to population growth in Banksmeadow?
Over the past five years, the population in Banksmeadow has grown by approximately 631 people, while 29 residential approvals were recorded. This equates to a ratio of 21.8 people added for each new dwelling approval. This high ratio suggests strong population growth relative to housing supply, potentially indicating unmet housing demand.
Are there opportunities for residential developers in Banksmeadow?
With dwelling approval activity running at an average of 5 approvals per year and a population of 697, there appears to be a supply shortfall relative to projected demand, presenting strong opportunities for residential developers. With the population expected to increase by 417 people by 2041, around 209 new dwellings will be necessary. Current approval trends may be insufficient to meet forecast demand, indicating strong development opportunities.
Approvals Pipeline Development applications near Banksmeadow

Development applications around Banksmeadow

Development approvals is a new addition to AreaSearch. We’re actively expanding council coverage and refining the dataset — details and statuses for some councils may be partial. Check back regularly for the latest pipeline.
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SOURCE: Planning portals and council registers, compiled by AreaSearch. Distance & bearing measured from the suburb midpoint.

Project PipelineInfrastructure & Major Projects in Banksmeadow

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AreaSearch tracks 3 current infrastructure and development projects inside Banksmeadow, worth an estimated $5 million. A further 110 sit in the immediately surrounding suburbs, taking the tracked pipeline within reach of the area to $41.6 billion. 30 are already under construction and 34 are due for completion within three years. The pipeline spans residential development, sports & recreation and communities, precincts & urban renewal. Records are compiled from Infrastructure Australia, state agencies, council planning portals and public announcements, reviewed and updated daily, then ranked by proximity, construction stage, completion horizon and project scale.

Detail

Nothing can influence an area's performance as much as changes to local infrastructure, major projects and planning initiatives. In total 19 projects have been identified by AreaSearch that are likely to have an impact on the area. Key projects include Botany Aquatic Centre Redevelopment, Booralee Park Playspace Renewal and Fitness Station, F. Mayer Chalmers Crescent Commercial Masterplan, and Swan Suites Mascot, with the below list detailing those likely to be of most relevance. Banksmeadow has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

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Frequently Asked Questions - Infrastructure

What are some of the major infrastructure and planning changes likely to influence Banksmeadow?
Key infrastructure and planning changes likely to influence Banksmeadow include: Botany Aquatic Centre Redevelopment (Construction); Booralee Park Playspace Renewal and Fitness Station (Construction); F. Mayer Chalmers Crescent Commercial Masterplan (Under Assessment); Swan Suites Mascot (Completed); and Pagewood Centro Masterplan (Completed). These projects represent significant developments that will shape the area's future infrastructure landscape.
What types of infrastructure projects are impacting Banksmeadow?
Infrastructure development impacting Banksmeadow spans multiple sectors including Sports & Recreation, Residential Development, and Business Parks & Technology Hubs, among others.
What is the scale of infrastructure investment impacting Banksmeadow?
Infrastructure investment analysis indicates substantial capital deployment exceeding $18.0 billion in projects that will impact the extended area, with a notable concentration of investment within the immediate Banksmeadow vicinity.
How does Banksmeadow's infrastructure development compare to other areas?
Banksmeadow ranks in the top 20% nationally for infrastructure development, reflecting exceptional investment activity compared to similar areas across the country.
MOD 6 Chlorine Liquefaction Plant
Category: Manufacturing
Stage: Under Assessment | Est. Comp: 2027
Source / Links: Link 1   Link 2  

Construction and operation of a new chlorine liquefaction and packaging plant with a maximum production capacity of 50 tonnes per day at the Botany Industrial Park. The facility is intended to serve as a contingency source to improve supply chain resilience for water treatment across Australia, providing operational redundancy for IXOM's existing Laverton facility.

Manufacturing

Botany Aquatic Centre Redevelopment
Category: Sports & Recreation
Stage: Construction | Est. Comp: 2028
Source / Links: Link 1   Link 2  

Redevelopment of Botany Aquatic Centre into a modern community aquatic and recreation facility. The project includes an outdoor 50 m competition pool with grandstand seating, indoor 25 m lap pool, indoor learn-to-swim pool, adventure waterplay, water slides, splash pad, gym, amenities, kiosk, car park upgrades and landscaping. Early works, demolition and ground remediation have been completed. FDC took possession of the site in March 2026 and site establishment has commenced, with construction activity expected to ramp up after final construction certificate and planning coordination.The project remains on track to open for the summer 2027/28 season.

Sports & Recreation

Botany Aquatic Centre Redevelopment
Category: Sports & Recreation
Stage: Construction | Est. Comp: 2028
Source / Links: Link 1   Link 2  

Major redevelopment of the Botany Aquatic Centre in Bayside NSW, replacing the 1966-built facility with adventure waterplay and slides, a 50-metre outdoor competition pool, a 25-metre indoor lap pool, an indoor learn-to-swim pool, a new building with entrance, gym space, change rooms and kiosk, a new grandstand, and landscaping of the open green space. Early works (demolition and ground remediation) are complete and the main works contractor FDC took possession of the site in March 2026, with site establishment now underway ahead of main construction.The project is delivered by Bayside Council with funding support from Sydney Airport, and remains on track for completion in summer 2027/28.

Sports & Recreation

Sir Joseph Banks Park Carpark and Amenities
Category: Sports & Recreation
Stage: Approved | Est. Comp: 0
Source / Links: Link 1   Link 2  

Bayside Council is delivering a new amenities building and carpark upgrade at Sir Joseph Banks Park in Botany. The project includes demolition of the existing amenities building, construction of a new facility with six toilets, an accessible toilet, a unisex family toilet and an open wash basin, plus a carpark upgrade to increase capacity, improve accessibility and mitigate flood-related issues. The project is currently at tender stage, with construction expected to start in spring 2025 and no confirmed completion date.

Sports & Recreation

Project Duke Data Centre
Category: Business Parks & Technology Hubs
Stage: Approved | Est. Comp: 2028
Source / Links: Link 1   Link 2  

Construction and operation of a 120 MW data centre at 2 and 10-22 Kent Road, and 685 Gardeners Road, Mascot. The four-storey facility features nine data halls spanning a gross floor area of 26,052 sqm, architectural design by Grimshaw Architects, and robust backup power infrastructure including 72 diesel generators and lithium-ion batteries.

Business Parks & Technology Hubs

One Global Gallery (formerly Eastlakes Live)
Category: Communities, Precincts & Urban Renewal
Stage: Construction | Est. Comp: 2027
Source / Links: Link 1   Link 2  

A $1 billion urban renewal project transforming the former Eastlakes Shopping Centre into a modern town centre. Stage 1 (The Grand Residences) is complete, featuring 133 luxury apartments and a retail precinct anchored by ALDI and Woolworths Metro. Stage 2, rebranded as One Global Gallery, is under construction and will deliver a 13,000sqm three-level retail and dining precinct with approximately 400 additional apartments and an 'eat street' dining destination.

Communities, Precincts & Urban Renewal

Heffron Park Central Amenities Upgrade
Category: Sports & Recreation
Stage: Construction | Est. Comp: 2026
Source / Links: Link 1   Link 2  

Reconstruction of the Heffron Park Central amenities block adjacent to the netball courts in Maroubra, funded by the NSW Government under the Level Playing Field Program in association with Randwick City Council. The upgrade aims to enhance accessibility and inclusivity for community sport, providing a safe and welcoming environment for women and girls to train and compete. Features include a large change room, female dedicated bathrooms, a DDA bathroom, 5 unisex bathrooms, a referee bathroom, a sports groups storeroom, a building plant room and a council storeroom.Design finalisation ran from August to October 2025, with construction underway from October 2025 through to mid-2026.

Sports & Recreation

Sydney Metro Eastern Suburbs Extension
Category: Transport & Logistics
Stage: Proposed | Est. Comp: 2041
Source / Links: Link 1   Link 2  

A long-term strategic extension of the Sydney Metro network envisioned as a continuation of Metro West eastward from Hunter Street. Identified in the South East Sydney Transport Strategy to 2056, the corridor proposes new underground stations at Zetland (Green Square), Randwick, Maroubra Junction, Maroubra, Malabar, and La Perouse, to be delivered by 2041. The project aims to support high-density urban renewal in the Green Square precinct and reduce pressure on existing light rail and bus corridors.As of 2025-2026, no active planning or funding commitment has been made; the corridor remains marked as future metro subject to further investigation on official NSW Government maps. City of Sydney Council has actively lobbied the NSW Government to accelerate at minimum a Zetland station as part of Stage 1 Metro West.

Transport & Logistics

Jobs & IndustryEmployment Trends in Banksmeadow

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447 residents of Banksmeadow are employed, from a labour force of 456. Unemployment sits at 2.0%, with participation at 64.0%. Weighted for its industry mix, the area's sectors are forecast to grow about 7.2% nationally over five years. That reflects industry composition only and makes no allowance for local population growth, so in an area growing as fast as this one it understates the likely rise in local jobs. Unemployment and labour force come from ABS Small Area Labour Markets, updated quarterly; the industry and occupation profile is from the 2021 Census.

Detail

Banksmeadow possesses a highly educated workforce, with professional services showing strong representation, an unemployment rate of just 2.0%, and 0.7% in estimated employment growth over the past year. As of June 2025, 447 residents are in work while the unemployment rate is 2.2% below Greater Sydney's rate of 4.2%, and workforce participation is fairly standard (64.0% compared to Greater Sydney's 60.0%). Employment among residents is concentrated in construction, health care & social assistance, and professional & technical. The area shows particularly strong specialization in construction, with an employment share of 1.5 times the regional level.

Conversely, manufacturing shows lower representation at 1.4% versus the regional average of 5.7%. With 16.3 workers for every resident, as at the Census, the area functions as an employment hub, hosting more jobs than residents and attracting workers from surrounding areas. Based on AreaSearch analysis of SALM and ABS data, over the 12 months to June 2025, employment increased by 0.7% while labour force increased by 0.7%, keeping the unemployment rate relatively stable. By comparison, Greater Sydney recorded employment growth of 2.6%, labour force growth of 2.9%, with unemployment rising 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 can offer further insight into potential future demand within Banksmeadow. These projections, covering five and ten-year periods, have been mapped against the local employment profile to estimate growth patterns. While national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, growth rates differ significantly between industry sectors. Applying these industry-specific projections to Banksmeadow's employment mix suggests local growth of approximately increase by 7.2%% over five years and 14.2% over ten years (please note this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections).

Frequently Asked Questions - Employment

What is the employment situation in Banksmeadow?
As of June 2025, Banksmeadow has approximately 447 employed residents with an unemployment rate of 2.0%. This very low unemployment rate indicates a tight labour market with strong demand for workers. The area ranks in the top 25% nationally for employment performance, indicating a robust job market.
How does Banksmeadow's unemployment rate compare to the broader region?
As of June 2025, the unemployment rate in Banksmeadow stands at 2.0%, which is 2.2 percentage points below Greater Sydney's rate of 4.2%. This lower unemployment rate suggests stronger local employment conditions. For comparison, the national unemployment rate is 4.1%.
What are the major employment sectors in Banksmeadow?
The employment landscape in Banksmeadow is dominated by several key sectors. The largest employers are construction (13.0% of employment), health care & social assistance (12.3%), and professional & technical (10.9%). Other significant employers include education & training and finance & insurance.
How has employment changed recently in Banksmeadow?
Over the past year to June 2025, Banksmeadow has experienced employment growth, with total employment increasing while the labour force increased. As a result, the unemployment rate has fall. By comparison, Greater Sydney saw employment increased and its unemployment rate rose.
What is the workforce participation rate in Banksmeadow?
The workforce participation rate in Banksmeadow is 64.0%, which represents the proportion of working-age residents who are either employed or actively seeking work. This healthy participation rate reflects good employment opportunities and workforce engagement. The local rate leading the Greater Sydney average of 60.0%, showing similar workforce dynamics to the broader region.
Which industries are over-represented in Banksmeadow's employment market?
Banksmeadow shows notable specialization in construction, which employs 13.0% of the local workforce compared to 8.6% regionally. This concentration suggests the area has developed competitive advantages in this sector. The area also shows above-average employment in 2 other sectors, contributing to a distinctive economic profile.
What are the employment growth prospects for Banksmeadow?
Based on Jobs and Skills Australia projections applied to Banksmeadow's industry mix, employment is expected to grow by 7.2% over the next five years and 14.2% over ten years. This exceeds the national forecast of 6.6% over five years, suggesting the area's industry composition is well-positioned for future growth. Steady growth is anticipated across multiple sectors, providing diverse employment opportunities.
How does the job market in Banksmeadow compare nationally?
Banksmeadow's employment market shows strong performance nationally, ranking in the top 25% of areas assessed by AreaSearch. This indicates robust employment conditions and economic vitality compared to other regions. Recent job advertisement trends show the broader employment region saw a 13.1% decline, ranking 19.0th out of 37 regions nationally.
What employment opportunities exist for skilled workers in Banksmeadow?
Skilled workers will find excellent opportunities in Banksmeadow, with knowledge-intensive sectors comprising 44.2% of local employment. Key sectors for skilled workers include health care & social assistance (12.3%), professional & technical (10.9%), and education & training (9.8%). With projected employment growth of 7.2% over five years, demand for skilled workers is expected to remain strong.

EarningsHousehold Income in Banksmeadow

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Median household income in Banksmeadow is $2,225 a week (about $116,000 a year), with median personal income at $1,353 a week. ATO records put median taxable income at $66,778 a year against an average of $80,117. Household income is from the 2021 Census; taxable income is from ATO Taxation Statistics for the latest financial year available, indexed forward using the ABS Wage Price Index.

Detail

Banksmeadow's income level is extremely high nationally according to the latest ATO data aggregated by AreaSearch for FY-22. Banksmeadow's median income among taxpayers is $66,778 and the average income stands at $80,117, which compares to figures for Greater Sydney's of $56,994 and $80,856 respectively. Based on Wage Price Index growth of 12.61% since FY-22, current estimates would be approximately $75,199 (median) and $90,220 (average) as of September 2025. Census data reveals individual earnings stand out at the 96th percentile nationally ($1,353 weekly). Income brackets indicate the largest segment comprises 44.1% earning $1,500 - 2,999 weekly (307 residents), consistent with broader trends across regional levels showing 30.9% in the same category.

The district demonstrates considerable affluence with 30.1% earning over $3,000 per week, supporting premium retail and service offerings. High housing costs consume 25.6% of income, though strong earnings still place disposable income at the 64th percentile and the area's SEIFA income ranking places it in the 10th decile.

Frequently Asked Questions - Income

What is the median taxable income in Banksmeadow?
Based on Wage Price Index adjustments to September 2025, the estimated median taxable income in Banksmeadow is approximately $75,199. The official ATO data from FY-22 recorded a median of $66,778.
What is the average taxable income in Banksmeadow?
Based on Wage Price Index adjustments to September 2025, the estimated average taxable income in Banksmeadow is approximately $90,220. The official ATO data from FY-22 recorded an average of $80,117.
How does the median taxable income in Banksmeadow compare to the region?
Based on Wage Price Index adjustments to September 2025, the estimated median taxable income in Banksmeadow is approximately $75,199 compared to $64,181 in Greater Sydney. The official ATO data from FY-22 shows $66,778 and $56,994 respectively.
How does the average taxable income in Banksmeadow compare to the region?
Based on Wage Price Index adjustments to September 2025, the estimated average taxable income in Banksmeadow is approximately $90,220 compared to $91,052 in Greater Sydney. The official ATO data from FY-22 shows $80,117 and $80,856 respectively.
What are the main income cohorts in Banksmeadow according to the 2021 Census?
As per the 2021 Census, the income bracket containing the largest proportion (~44.1% / 307 persons) of Banksmeadow's population is the $1,500 - 2,999 cohort.
How do the main income cohorts in Banksmeadow compare to the region?
The largest income cohort in Banksmeadow is the $1,500 - 2,999 group, representing about 44.1% of the population. In comparison, Greater Sydney's largest income cohort is the $1,500 - 2,999 group, representing 30.9% of its population, according to the 2021 Census.
What is the median household income in Banksmeadow according to the 2021 Census?
The 2021 Census data indicates that the median household income in Banksmeadow is $2,225/wk.
What is the median family income in Banksmeadow according to the 2021 Census?
According to the 2021 Census, the median family income in Banksmeadow is $2,571/wk.
What is the median personal income in Banksmeadow according to the 2021 Census?
The 2021 Census shows that the median personal income in Banksmeadow is $1,353/wk.
How does Banksmeadow's income rank nationally?
Banksmeadow's income level is extremely high nationally according to the latest ATO data aggregated by AreaSearch for FY-22. Banksmeadow's median income among taxpayers is $66,778 and the average income stands at $80,117, which compares to figures for Greater Sydney's of $56,994 and $80,856 respectively. Based on Wage Price Index growth of 12.61% since FY-22, current estimates would be approximately $75,199 (median) and $90,220 (average) as of September 2025.
What is the disposable income in Banksmeadow?
The estimated disposable income in Banksmeadow is $7,174 per year according to AreaSearch analysis.
How does Banksmeadow's disposable income compare to the region?
Banksmeadow's disposable income is $7,174 compared to $7,412 for Greater Sydney, based on AreaSearch analysis.

Housing StockHousing & Dwellings in Banksmeadow

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Banksmeadow had 203 occupied dwellings at the 2021 Census, 4% detached houses and 82% apartments. 27% are owned with a mortgage, 62% rented and 11% owned outright. At that Census the median rent was $620 a week and the median mortgage repayment $3,000 a month. Rent absorbs 27.9% of household income here and mortgage repayments 31.1%. Dwelling stock, tenure and housing costs are 2021 Census measures — the only source that counts dwellings at this boundary size.

Detail

Dwelling structure within Banksmeadow, as evaluated at the latest Census, comprised 4.4% houses and 95.6% other dwellings (semi-detached, apartments, 'other' dwellings), in comparison to Sydney metro's 26.0% houses and 74.0% other dwellings. Meanwhile, the level of home ownership within Banksmeadow was lagging that of Sydney metro, at 11.3%, with the remainder of dwellings either mortgaged (26.8%) or rented (61.9%). The median monthly mortgage repayment in the area was well above the Sydney metro average at $3,000, while the median weekly rent figure was recorded at $620, compared to Sydney metro's $2,600 and $550.

Nationally, Banksmeadow's mortgage repayments are significantly higher than the Australian average of $1,863, while rents are substantially above the national figure of $375.

Frequently Asked Questions - Housing

What percentage of homes are owned vs rented in Banksmeadow?
In Banksmeadow, 11.3% of homes are owned outright, 26.8% are owned with a mortgage, and 61.9% are rented.
What percentage of dwellings in Banksmeadow are houses?
According to the latest data, 4.4% of dwellings in Banksmeadow are houses.
What percentage of dwellings in Banksmeadow are apartments or units?
In Banksmeadow, 82.4% of dwellings are apartments or units, with an additional 13.2% being semi-detached dwellings.
What is the level of outright home ownership in Banksmeadow?
Outright home ownership in Banksmeadow stands at 11.3%, compared to 20.7% in Greater Sydney.
What is the median monthly mortgage repayment in Banksmeadow?
The median monthly mortgage repayment in Banksmeadow is $3,000, compared to $2,600 in Greater Sydney.
What is the median weekly rent in Banksmeadow?
The median weekly rent in Banksmeadow is $620, compared to $550 in Greater Sydney.
What is the distribution of rental prices in Banksmeadow?
In Banksmeadow, 0.0% of rentals are $0-149/week, 3.2% are $150-349/week, 49.6% are $350-649/week, 37.6% are $650-949/week, and 9.6% are $950+/week.
What is the average monthly housing cost in Banksmeadow?
The aggregate monthly housing cost in Banksmeadow is $2,467, which represents the average monthly cost across all housing types.
What percentage of income do residents spend on housing?
In Banksmeadow, households with mortgages typically spend 31.1% of their income on mortgage repayments, while renters spend 27.9% of their income on rent.
How crowded are homes in Banksmeadow?
The average persons per bedroom ratio in Banksmeadow is 1.2, indicating the level of household density.
How does housing affordability in Banksmeadow compare to the region?
Housing affordability in Banksmeadow shows mortgage holders spending 31.1% of income on repayments (vs 29.1% regionally), while renters spend 27.9% of income on rent (vs 26.6% regionally).
What types of dwellings are most common in Banksmeadow?
The dwelling mix in Banksmeadow consists of 4.4% detached houses, 13.2% semi-detached dwellings, 82.4% apartments, and 0.0% other dwelling types.
What is the weighted average housing cost based on tenure mix in Banksmeadow?
Based on the area's tenure composition, the weighted average monthly housing cost is approximately $2,466. This accounts for outright owners paying no housing costs, mortgage holders paying $3,000/month, and renters paying $2,685/month.
How affordable is housing in Banksmeadow relative to local incomes?
Housing in Banksmeadow consumes approximately 25.6% of median household income ($9,634 monthly), indicating costs are highly affordable. The generally accepted benchmark is that housing should not exceed 30% of household income.
How do proposed developments compare to existing housing types in Banksmeadow?
Recent development applications in Banksmeadow show attached dwellings contributing 100% of approvals compared to 96% of existing stock, while detached houses represent 0% of applications versus 4% of current dwellings. This suggests development patterns consistent with existing housing mix. This area is seeing substantial increases in dwelling density compared to most Australian locations.

HouseholdsHousehold Composition in Banksmeadow

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Banksmeadow counted 203 households at the 2021 Census, an estimated 279 today, averaging 2.0 people each. 19% are couples with children, against 34% couples without children. 31% of households are people living alone, and families average 0.6 children. Household and family composition is measured only by the Census, so these are 2021 figures.

Detail

Family households dominate at 66.5% of all households, comprising 18.8% couples with children, 34.3% couples without children, and 8.2% single parent families. Non-family households make up the remaining 33.5%, with lone person households at 30.9% and group households comprising 4.8% of the total. The median household size of 2.0 people is smaller than the Greater Sydney average of 2.5.

Frequently Asked Questions - Households

How many households are in Banksmeadow?
As of the 2021 Census, Banksmeadow had 203 households. Based on population growth patterns, this has grown by approximately 37.4% to an estimated 279 households today.
What is the typical household size?
The median household size in Banksmeadow is 2.0 people. This compares to 2.5 in Greater Sydney and reflects the area's household composition mix.
What types of households are most common?
Family households dominate at 66.5% of all households. The remaining households consist of lone person households (30.9%), group households (4.8%), and other household types (0.0%).
How are families structured in the area?
Among the 134 family households, 18.8% are couples with children, 34.3% are couples without children at home, and 8.2% are single parent families. This mix shapes local demand for schools, family services, and housing types.
How does Banksmeadow compare to regional household patterns?
Compared to Greater Sydney, Banksmeadow shows distinct household patterns. Lone person households are notably over-represented at 30.9% (versus 25.1% regionally). This higher proportion of single-person households drives demand for smaller dwellings and different community services.
What is the average family size?
Families in Banksmeadow have an average of 0.6 children, slightly below the Greater Sydney average of 1.1. This influences local demand for child-related services and larger family homes.
What are the marriage patterns in Banksmeadow?
Marriage patterns reveal 37.4% of the adult population are currently married, while 53.6% have never married. This compares to 40.7% married and 45.8% never married across Greater Sydney.
How significant are single-person households?
Single-person households represent 30.9% of all households in Banksmeadow, higher than the regional average of 25.1%. This affects demand for smaller dwellings and single-person accommodation.
Are shared living arrangements common?
Group households (unrelated people sharing) account for 4.8% of households, well below the Greater Sydney average of 7.7%. This low rate suggests limited student or young professional shared accommodation.
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EducationSchools & Education in Banksmeadow

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54.8% of adults in Banksmeadow hold a university qualification, including 35.5% with a bachelor degree and 16.0% with postgraduate qualifications, higher than 82% of areas nationally. A further 14.1% hold a vocational qualification. Qualifications come from the 2021 Census.

Detail

Educational attainment in Banksmeadow significantly surpasses broader benchmarks, with 54.8% of residents aged 15+ holding university qualifications compared to 30.4% in Australia and 32.2% in the NSW. This substantial educational advantage positions the area strongly for knowledge-based opportunities. Bachelor degrees lead at 35.5%, followed by postgraduate qualifications (16.0%) and graduate diplomas (3.3%). Trade and technical skills feature prominently, with 26.7% of residents aged 15+ holding vocational credentials – advanced diplomas (12.6%) and certificates (14.1%). Educational participation is notably high, with 33.9% of residents currently enrolled in formal education. This includes 10.5% in tertiary education, 8.6% in primary education, and 4.7% pursuing secondary education.

Educational facilities appear to be located outside the immediate catchment boundaries, requiring families to access schools in neighboring areas.

Frequently Asked Questions - Education

What percentage of people in Banksmeadow have university qualifications?
54.8% of people aged 15 and over in Banksmeadow have university qualifications, compared to 40.4% in the broader region.
What percentage of people in Banksmeadow have no formal qualifications?
18.5% of people aged 15 and over in Banksmeadow have no formal qualifications, compared to 31.7% regionally.
How does Banksmeadow's education level compare to national averages?
Banksmeadow ranks in the 82th percentile nationally for education based on AreaSearch's analysis of qualification and performance metrics.
What types of qualifications are most common in Banksmeadow?
The most common qualifications in Banksmeadow are: Bachelor Degree (35.5%), Postgraduate (16.0%), Certificate (14.1%).
What proportion of Banksmeadow's population is currently attending educational institutions?
33.9% of the population in Banksmeadow is currently engaged in formal education, with 8.6% in primary school, 4.7% in secondary school, 10.5% at university.
What is the ICSEA score for schools in Banksmeadow?
The average ICSEA (Index of Community Socio-Educational Advantage) score for schools in Banksmeadow is 0, indicating below-average socio-educational advantage compared to the national average of 1000.

Schools Detail

AmenitiesServices & Amenities in Banksmeadow

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Getting AroundTransport & Commuting in Banksmeadow

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Public transport in Banksmeadow reaches 9 stops on 9 routes, timetabled for about 2,500 services a week. The typical home sits about 490 m from its nearest stop. Buses carry the largest share of public transport commuters. Stop and service counts are built from operators' published GTFS timetables and refresh with each timetable release; vehicle ownership is from the 2021 Census.

Detail

Public transport analysis reveals 9 active transport stops operating within Banksmeadow comprising a mix of buses. These stops are serviced by 9 individual routes, collectively providing 2,526 weekly passenger trips. Transport accessibility is rated as moderate, with residents typically located 486 meters from the nearest transport stop. Service frequency averages 360 trips per day across all routes, equating to approximately 280 weekly trips per individual stop.

Frequently Asked Questions - Transport

How many public transport stops are in Banksmeadow?
There are 9 public transport stops within Banksmeadow.
How frequent are the transport services in Banksmeadow?
Banksmeadow has 2,526 weekly trips across 9 routes, averaging 360 trips per day.
How far are residents from public transport in Banksmeadow?
On average, residential properties are 486 meters from the nearest transport stop.

Transport Stops Detail

HealthcareHealth Services in Banksmeadow

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84.1% of residents in Banksmeadow report no long-term health condition, a healthier profile than 98% of areas nationally. 2.4% need daily assistance with core activities, and 59.8% hold private health cover. Health conditions, assistance needs and insurance are 2021 Census measures; the death rate comes from current ABS releases.

Detail

Health outcomes data demonstrates outstanding results across Banksmeadow with a fairly standard level of common health conditions seen across both young and old age cohorts , and the rate of private health cover found to be exceptionally high at approximately 60% of the total population (416 people). This compares to 57.5% across Greater Sydney. The most common medical conditions in the area were found to be mental health issues and asthma, impacting 6.5 and 3.9% of residents, respectively, while 84.1% declared themselves as completely clear of medical ailments compared to 78.7% across Greater Sydney.

The area has 12.7% of residents aged 65 and over (88 people). Health outcomes among seniors are above average though, requiring more attention than the broader population. Overall 2.4% of the total population registered as requiring assistance with day to day activities, which is well below average. In Greater Sydney, 4.3% require assistance. Nationally, 5.8% require assistance.

Frequently Asked Questions - Health

How many people in Banksmeadow have private health insurance?
Around 59.8% of people in Banksmeadow are covered by private health insurance, which compares to 57.5% in the broader region of Greater Sydney.
What percentage of the population requires ongoing medical assistance in Banksmeadow?
In Banksmeadow, 2.4% of the population is identified as requiring ongoing medical assistance. This figure is slightly different from the regional average, where 4.3% of people in Greater Sydney require similar assistance.
How prevalent is asthma in Banksmeadow?
3.9% of people in Banksmeadow are diagnosed with asthma. In comparison, 5.7% of the population across Greater Sydney is affected by asthma.
What percentage of people have diabetes in Banksmeadow?
Diabetes affects 3.2% of the Banksmeadow population, while in the surrounding region, 3.9% of people are diagnosed with diabetes.
What is the percentage of people with heart disease in Banksmeadow?
0.9% of people in Banksmeadow have heart disease. Across the region of Greater Sydney, 2.3% of the population is affected by heart disease.
How does Banksmeadow compare to the region in terms of overall private health coverage?
In Banksmeadow, 59.8% of the population are estimated to have private health insurance. Comparatively, Greater Sydney sees an estimated private health coverage rate of 57.5%.

Ancestry & LanguageCultural Diversity in Banksmeadow

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60.1% of Banksmeadow residents were born overseas and 43.5% speak a language other than English at home, more culturally diverse than 92% of areas nationally. The largest reported ancestries are Chinese (20.9%) and English (15.8%). Ancestry, language and country of birth are counted only by the Census, so these are 2021 figures.

Detail

Banksmeadow is among the most culturally diverse areas in the country, with 43.5% of its population speaking a language other than English at home and 60.1% born overseas. The main religion in Banksmeadow was found to be Christianity, which makes up 46.7% of people in Banksmeadow. However, the most apparent overrepresentation was in Judaism, which comprises 3.1% of the population, compared to 1.9% across Greater Sydney. In terms of ancestry (country of birth of parents), the top three represented groups in Banksmeadow are Chinese, comprising 20.9% of the population, which is substantially higher than the regional average of 13.7%, Other, comprising 17.4% of the population, and English, comprising 15.8% of the population.

Additionally, there are notable divergences in the representation of certain other ethnic groups: French is notably overrepresented at 1.5% of Banksmeadow (vs 0.6% regionally), Polish at 1.5% (vs 0.7%) and Hungarian at 0.6% (vs 0.4%).

Frequently Asked Questions - Diversity

What is the level of cultural diversity in Banksmeadow?
Banksmeadow is among the most culturally diverse areas in the country, with 43.5% of its population speaking a language other than English at home and 60.1% born overseas.
What is the most common religion in Banksmeadow?
The main religion in Banksmeadow was found to be Christianity, which makes up 46.7% of people in Banksmeadow. However, the most apparent overrepresentation was in Judaism, which comprises 3.1% of the population, compared to 1.9% across Greater Sydney.
What are the top countries of origin in Banksmeadow?
In terms of ancestry (country of birth of parents), the top three represented groups in Banksmeadow are Chinese, comprising 20.9% of the population, which is substantially higher than the regional average of 13.7%, Other, comprising 17.4% of the population, and English, comprising 15.8% of the population. Additionally, there are notable divergences in the representation of certain other ethnic groups: French is notably overrepresented at 1.5% of Banksmeadow (vs 0.6% regionally), Polish at 1.5% (vs 0.7%) and Hungarian at 0.6% (vs 0.4%).
How does the percentage of people born overseas compare to the regional average?
60.1% of the Banksmeadow population was born overseas, compared to 51.4% regionally.
What percentage of the Banksmeadow population speaks a language other than English at home?
43.5% of the population in Banksmeadow speaks a language other than English at home, compared to 47.9% in the wider region.
How many people in Banksmeadow identify as Australian Aboriginal?
0.6% of the Banksmeadow population identifies as Australian Aboriginal, compared to 1.5% in the region.
What is the citizenship status of the population in Banksmeadow?
53.3% of the Banksmeadow population holds citizenship, compared to 69.6% in the wider region.

Age StructureAge Profile of Banksmeadow

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The median resident of Banksmeadow is 37, younger than 88% of areas nationally. That is 4 years older than at the 2021 Census. 38.0% of residents are aged 15 to 34. Age cohorts are not raw Census counts: the Census split is re-based to the latest ABS population estimates and state projections.

Detail

With a median age of 37, Banksmeadow is equal to the Greater Sydney figure of 37 and remains comparable to Australia's 38 years. The 25 - 34 age group shows strong representation at 24.7% compared to Greater Sydney, whereas the 55 - 64 cohort is less prevalent at 3.2%. This 25 - 34 concentration is well above the national 14.5%. In the period since 2021, the median age has increased by 3.6 years from 33 to 37, reflecting an aging population. Key changes show the 75 to 84 age group has grown from 1.4% to 5.6% of the population, while the 15 to 24 cohort increased from 10.2% to 13.3%.

Conversely, the 25 to 34 cohort has declined from 36.5% to 24.7% and the 0 to 4 group dropped from 6.2% to 4.7%. Demographic modeling suggests Banksmeadow's age profile will evolve significantly by 2041. Leading the demographic shift, the 15 to 24 group will grow by 258% (239 people), reaching 332 from 92. In contrast, both 5 to 14 and 0 to 4 age groups will see reduced numbers.

Frequently Asked Questions - Age

What is the median age in Banksmeadow?
According to the latest data, the median age in Banksmeadow is 37 years.
How does Banksmeadow's median age compare to broader areas?
At 37 years, Banksmeadow is equal to the Greater Sydney average and similarly aligned with comparable to the national average (38 years).
What age groups are over-represented in Banksmeadow?
The most over-represented age group in Banksmeadow compared to the Greater Sydney region is the 25 - 34 group, making up 24.7% of the population.
What age groups are under-represented in Banksmeadow?
The most under-represented age group in Banksmeadow compared to the Greater Sydney region is the 55 - 64 group, making up 3.2% of the population.
Are there age groups with notable population variances?
Yes, certain age groups in Banksmeadow show significant variance compared to the Greater Sydney region. The most over-represented age groups are 25-34 year-olds (24.7% vs 15.9%) and 35-44 year-olds (21.5% vs 15.2%). The most under-represented age groups are 55-64 year-olds (3.2% vs 10.4%) and 5-14 year-olds (6.5% vs 12.1%).
What is the percentage of children (0-14 years) in Banksmeadow?
The percentage of children aged 0-14 years in Banksmeadow is 11.2%.
What is the percentage of older people (65+ years) in Banksmeadow?
The percentage of people aged 65 and over in Banksmeadow is 12.7%.

Data & MethodBoundaries, Sources & Method for Banksmeadow

Data currency Refreshed

9 of 14 data sections on this page were updated within the last 12 months — the newest current to Aug 2026.

Everything is aggregated to the SA2 boundary shown above, on a 2021 Census baseline. Only 3 sections — housing, households and cultural diversity — still wait on the 2026 Census.

The ledger — source, cycle and currency by section

Section Source & update cycle Currency
Updated within the last 12 months 9 sections
Population ABS, GNAF, Geoscience Australia Annual (ABS ERP) May 2026 3 months ago headline measures · 2021 Census baseline
Re-based to the ABS Estimated Resident Population (June 2024 release) and updated with new dwellings from GNAF address data. Current to May 2026, with the 2021 Census supplying the small-area baseline.
Age profile ABS, Geoscience Australia, State governments Annual May 2026 3 months ago headline measures · 2021 Census baseline
Age cohorts are re-based to the latest ABS population estimates and state projections, current to May 2026. Each cohort is held as a Census baseline and a current estimate.
Development & approvals ABS, GNAF Monthly (ABS approvals) Jun 2026 2 months ago headline measures · May 2026 baseline
Property sales & rents Valuer General, Rental Board, ABS Weekly sales, quarterly rents Aug 2026 this month all 21 measures
Sales from the state Valuer General register, refreshed weekly, and rents from quarterly rental bond lodgements. Both are read live each time this page loads, current to Aug 2026.
Infrastructure projects Infrastructure Australia, State agencies, Local governments Daily Jul 2026 last month all 3 projects tracked here
Project pipeline maintained continuously from Infrastructure Australia, state agencies, local government and public announcements. Records are added and revised daily; this area was last updated Jul 2026.
Employment ABS, DEWR, JSA Quarterly (ABS SALM) Mar 2026 5 months ago headline measures · 2021 Census baseline
Unemployment and labour force from ABS Small Area Labour Markets, current to Mar 2026. The growth outlook applies Department of Employment (now Jobs and Skills Australia) forecasts for all 19 industry divisions to the local industry mix, so it measures sector composition rather than local expansion and makes no allowance for population growth. Job demand comes from the same agency via its Internet Vacancy Index; industry and occupation structure from the 2021 Census.
Education ABS, ACARA Annual (ACARA) Jul 2026 last month headline measures · 2021 Census baseline
Transport ABS, State Transport Departments Each timetable release Jul 2026 last month headline measures · 2021 Census baseline
Services & amenities Provider directories, ACECQA Continuous Jul 2026 last month all 14 measures
Annual and financial-year sources 2 sections
Income ABS, ATO Annual (ATO) FY 2023 3 years ago headline measures · 2021 Census baseline
ATO taxable income statistics for FY 2022, indexed forward using the Wage Price Index. Census household income provides the distribution detail.
Health ABS, ATO Annual 2024 2 years ago headline measures · 2021 Census baseline
Census-measured — next update: 2026 Census 3 sections No more current small-area source exists for these, so they are labelled as Census-measured rather than implied to be current.
Housing ABS 5-yearly (Census) 2021 Census next update 2026 all 30 measures
Households ABS 5-yearly (Census) 2021 Census next update 2026 all 18 measures
Cultural diversity ABS, Geoscience Australia 5-yearly (Census) 2021 Census next update 2026 all 44 measures

"Currency" is the most recent release feeding that section. Where the Census supplies the structural baseline underneath a current headline figure, the row says so.

How the numbers are built

Population

The Census provides the small-area baseline, aggregated from mesh blocks to this boundary. It is then re-based to the ABS Estimated Resident Population (June 2024 release), and new dwellings built since Census night are counted from address data — 83 validated new addresses here. The headline figure is therefore a current estimate for Nov 2025, not a 2021 count (498 at the 2021 Census → 697 now). Annual growth rates are compound (CAGR), not simple averages.

Age profile

Cohort shares are not raw Census counts. Every cohort is held as a pair — the Census baseline and a current estimate — and the split is re-based using ERP and state population projections, current to Nov 2025. Median age is the Census median plus modelled change since. Charts that show both are labelled "2021 Census vs Current Estimate".

Property sales

Sourced from the state valuation authority's sales register — current, not Census, and refreshed weekly. Medians are calculated from settled transactions in the period shown; periods with very low transaction counts are flagged or suppressed, because a handful of sales can move a median substantially.

Rents

Derived from state rental bond lodgement data, by dwelling type and bedroom count. Bonds are lodged at the start of a new tenancy, so this reflects new lettings, not the whole rented stock.

Development & infrastructure

Building approvals come from current ABS releases; development applications are collected from council and state planning portals; the infrastructure pipeline is compiled from Infrastructure Australia and local government sources. Applications are matched to this boundary by address or coordinates, so very recent lodgements may not yet appear.

Employment & income

Industry and occupation structure comes from the Census, but the headline labour-market indicators do not. Unemployment and labour force are derived from ABS Small Area Labour Markets (quarterly). The employment outlook applies Department of Employment forecasts for all 19 industry divisions to this area's own industry mix (the agency is now Jobs and Skills Australia), as does the Internet Vacancy Index used for job demand. Because it is weighted on industry composition alone, that outlook carries no allowance for local population growth — in fast-growing areas the real rise in local jobs will typically be higher. Income combines Census household income with ATO taxable-income statistics for FY 2022, indexed forward using the Wage Price Index.

Education, transport & amenities

School enrolments, ICSEA and performance come from ACARA's current release, not the Census. Public transport stops and service frequency are derived from GTFS timetable feeds published by state transport departments. Services and amenities are proximity and count scores built from provider directories, refreshed on their own cycle. The Census contributes only the travel-to-work and qualification measures.

Rankings and benchmarks. Where we rank this area, the comparison set is every area of the same boundary type — suburbs against suburbs, SA2s against SA2s. Benchmarks compare this area against its greater capital city region and the national figure for the same measure and period.

Limits worth knowing. Small areas carry larger error margins, and the ABS introduces small random adjustments to Census counts to protect confidentiality — so totals may not sum exactly. Estimates re-based from regional data describe the area's expected trajectory, not a direct count of it. Figures are indicative for research and are not financial, planning or valuation advice.

Cross-check us. The Census baseline for this boundary is at ABS 2021 Census QuickStats (117011320). QuickStats reports 2021 only — the figures on this page are more current wherever the ledger shows a later date.

Common questions about this page

Why can the Banksmeadow SA2 boundary differ from the suburb boundary?
This page uses ABS Statistical Area Level 2 (SA2) boundaries for statistical reporting (e.g., census and ERP). SA2 areas can differ materially from Suburbs and Localities (SAL) boundaries, even when they share similar names, because they are defined for different purposes and often use different geographic boundaries.
Where does the data on this Banksmeadow page come from?
AreaSearch compiles this page from official and industry sources — including ABS, Geoscience Australia, Valuer General, Provider directories, DEWR, JSA, State Transport Departments and ACARA — then aggregates them to the boundary shown and calculates the rankings, growth rates and benchmarks itself. Property sales come from the state valuation authority, rents from state rental bond lodgements, development applications from council and state planning portals, school data from ACARA, and public transport from state transport departments.
Is the Banksmeadow data on this page just from the 2021 Census?
No. Most of this page is maintained well beyond the Census. Sourced entirely from current releases: development & approvals (Jun 2026), property sales & rents (Aug 2026), infrastructure projects (Jul 2026) and services & amenities (Jul 2026). Built on a Census baseline but carrying newer measures on top: population (to May 2026), age profile (to May 2026), employment (to Mar 2026), income (to FY 2023), education (to Jul 2026), transport (to Jul 2026) and health (to 2024). Population and age cohorts in particular are re-based to the latest ABS Estimated Resident Population rather than left at 2021 counts. Only housing, households and cultural diversity remain wholly Census-based, because no more current small-area dataset exists for those measures.

Nearby Areas