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Sales Activity
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Population
Population growth drivers in Greenacre - South are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends
Greenacre - South's population, as of August 2025, is approximately 13,606, indicating a growth of 190 people since the 2021 Census. This increase represents a 1.4% rise from the previous population count of 13,416. The change is inferred from the estimated resident population of 13,613 in June 2024 and an additional 42 validated new addresses since the Census date. This results in a population density ratio of 4,691 persons per square kilometer, placing Greenacre - South among the top 10% of locations assessed by AreaSearch, highlighting its land as highly sought-after. The area's 1.4% growth since the census is within 2.6 percentage points of the SA3 area (4.0%), indicating competitive growth fundamentals. Overseas migration contributed approximately 59.1% to overall population gains during recent periods in Greenacre - South.
AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch employs NSW State Government's SA2 level projections, released in 2022 with a base year of 2021. Growth rates by age group from these aggregations are applied to all areas for the years 2032 to 2041. Future population trends suggest lower quartile growth for statistical areas analysed by AreaSearch, with Greenacre - South expected to expand by 441 persons to 2041 based on the latest population numbers, reflecting a total increase of 3.3% over the 17-year period.
Frequently Asked Questions - Population
Development
AreaSearch analysis of residential development drivers sees Greenacre - South recording a relatively average level of approval activity when compared to local markets analysed countrywide
Greenacre - South has consistently received around 73 dwelling approvals annually. The Australian Bureau of Statistics (ABS) records show a total of 365 approvals over the past five financial years, from FY21 to FY25, with an additional six approved in FY26 so far. On average, approximately 0.3 new residents have arrived per new home each year during these five years, indicating that new supply has been keeping pace with or exceeding demand. The average construction cost value of new dwellings is $504,000.
This financial year has seen commercial approvals valued at $345,000, reflecting the area's residential nature. Comparatively, Greenacre - South maintains similar development levels per capita to Greater Sydney, preserving market equilibrium with surrounding areas. Currently, new building activity comprises 46.0% detached houses and 54.0% attached dwellings, showing a trend towards denser development that caters to downsizers, investors, and entry-level buyers. This shift contrasts with the area's existing housing composition, which is currently 68.0% houses. The location has an approximate population density of 225 people per dwelling approval, indicating a low-density market.
Population forecasts project Greenacre - South will gain 447 residents by 2041. Given current construction levels, housing supply should adequately meet demand, creating favourable conditions for buyers and potentially enabling growth that exceeds current forecasts.
Frequently Asked Questions - Development
Infrastructure
Greenacre - South has very high levels of nearby infrastructure activity, ranking in the top 10% nationally
Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 19 projects likely affecting the region. Notable projects include Sydney Metro City and Southwest - Punchbowl Station Upgrade, Greenacre Community Place Precinct Framework, Lakemba Station Sydney Metro Upgrade, and Eden Residential Development. The following list details those most relevant.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
Frequently Asked Questions - Infrastructure
New Bankstown Hospital
Historic $2 billion investment in new state-of-the-art hospital at TAFE campus in Bankstown CBD on Chapel Road. The largest capital works investment in a public hospital in NSW history, designed to serve the growing population of Sydney's south-west. Features 450+ beds, emergency department, intensive care, operating theatres, maternity services, mental health facilities, cancer care, and teaching facilities. Construction expected to start 2026 after TAFE relocation, with completion by 2030-2031. The existing Bankstown-Lidcombe Hospital will remain as a health facility and be integrated with the new hospital.
Bankstown-Lidcombe Hospital
The NSW Government is investing $2 billion in the new Bankstown-Lidcombe Hospital, located on the current TAFE NSW campus in Bankstown's CBD. The project will deliver a state-of-the-art facility with expanded health services, improved access via public transport, and opportunities for research and education. The existing hospital will continue operations until the new one is complete.
Sydney Metro Bankstown Line Conversion
Conversion of the 130-year-old T3 Bankstown Line to modern metro standards between Sydenham and Bankstown. Major infrastructure upgrade includes platform screen doors, upgraded stations, accessibility improvements with lifts and level access, new signalling systems, and autonomous train operations with 4-minute peak frequency. Air-conditioned metro trains with level access. Line was closed in September 2024 for conversion work managed by Martinus Rail. Will provide fast travel times including Bankstown to Central in 28 minutes. Forms part of the 66km Sydney Metro network connecting to Chatswood.
Lakemba Transport Oriented Development (TOD) Masterplan
Canterbury-Bankstown Council's comprehensive masterplan for Lakemba TOD precinct, creating capacity for over 9,000 new homes within 400m of Lakemba station. Transport Oriented Development featuring mixed-use development with residential, retail and community facilities that supports increased density near public transport while respecting local community character and cultural diversity. Features enhanced public domain, heritage protection, and community infrastructure to support sustainable growth around the future Metro station. Part of 18,000+ home capacity across both Belmore and Lakemba sites.
Sydney Metro City and Southwest - Punchbowl Station Upgrade
The Punchbowl Station upgrade is part of the Sydney Metro City and Southwest project, converting the T3 Bankstown Line between Sydenham and Bankstown to metro standards. Key features include new lifts for accessibility, platform screen doors for safety, level access between platforms and trains, and air-conditioned metro trains every four minutes during peak hours. This upgrade enhances train frequency, safety, and accessibility, forming part of the broader 30km metro network extension.
Bankstown City Centre Transformation
Comprehensive redevelopment of Bankstown CBD, incorporating a new 18-storey Western Sydney University campus by Walker Corporation and Built, an expanded Bankstown Central shopping centre by Vicinity Centres, and integration with the Sydney Metro City & Southwest line. The university campus includes 32 learning studios for 10,000 students, with architecture by Lyons (base) and HDR (fit-out).
Compass Centre Redevelopment
Redevelopment of the Compass Centre site with demolition and a new mixed-use podium (5 storeys) supporting three towers: a 19-storey hotel (~169 rooms) and two 24-storey residential towers (~339 dwellings). The scheme includes retail, a gym, childcare, medical uses, a function centre, through-site links to Bankstown station and Paul Keating Park, landscaping and a two-level basement with parking.
Bankstown CBD Transformation
Comprehensive transformation of Bankstown CBD including streetscape improvements, new mixed-use developments, enhanced public spaces, and transport connectivity. Creating vibrant, walkable city centre celebrating cultural diversity and supporting future growth.
Employment
Employment conditions in Greenacre - South face significant challenges, ranking among the bottom 10% of areas assessed nationally
Greenacre - South has a skilled workforce with diverse sector representation. Its unemployment rate was 10.1% in the past year, with an estimated employment growth of 1.3%.
As of June 2025, 5,077 residents are employed while the unemployment rate is 5.9%, above Greater Sydney's rate of 4.2%. Workforce participation lags at 41.8% compared to Greater Sydney's 60.0%. Leading employment industries include health care & social assistance, retail trade, and construction. Retail trade has notable concentration with employment levels at 1.4 times the regional average.
Professional & technical services have limited presence at 7.2%, compared to the regional average of 11.5%. Over the year to June 2025, employment increased by 1.3% while labour force grew by 2.6%, leading to a rise in unemployment rate by 1.1 percentage points. In comparison, Greater Sydney saw employment growth of 2.6%, labour force expansion of 2.9%, and an unemployment increase of 0.3 percentage points. State-level data from Sep-25 shows NSW employment contracted by 0.41% (losing 19,270 jobs), with the state unemployment rate at 4.3%. National employment forecasts from May 2025 project national growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Greenacre - South's employment mix suggests local growth of approximately 6.6%% over five years and 13.5% over ten years.
Frequently Asked Questions - Employment
Income
Income figures position the area below 75% of locations analysed nationally by AreaSearch
AreaSearch's latest postcode level ATO data for financial year ending June 30, 2022 shows median income in Greenacre - South at $39,476 and average income at $53,384. In comparison, Greater Sydney had a median income of $56,994 and an average income of $80,856 for the same period. Based on Wage Price Index growth of 10.6% from July 1, 2022 to June 30, 2022, estimated current incomes are approximately $43,660 (median) and $59,043 (average) as of March 2025. According to the 2021 Census, individual income was at the 4th percentile ($507 weekly), while household income was at the 34th percentile. The earnings profile indicates that 29.2% of residents earn $1,500 - 2,999 weekly (3,972 residents). Housing affordability pressures are severe, with only 77.4% of income remaining after housing costs, ranking at the 25th percentile.
Frequently Asked Questions - Income
Housing
Greenacre - South displays a diverse mix of dwelling types, with above-average rates of outright home ownership
Greenacre - South had 68.1% houses and 31.8% other dwellings in its dwelling structure at the latest Census, compared to Sydney metro's 61.5% houses and 38.4% other dwellings. Home ownership stood at 33.3%, with mortgaged dwellings at 35.1% and rented ones at 31.6%. The median monthly mortgage repayment was $2,330, above Sydney metro's $2,240. Median weekly rent was $450, compared to Sydney metro's $425. Nationally, Greenacre - South's mortgage repayments were significantly higher than the Australian average of $1,863 and rents substantially above the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Greenacre - South features high concentrations of family households, with a higher-than-average median household size
Family households constitute 82.9% of all households, including 50.9% couples with children, 15.4% couples without children, and 15.4% single parent families. Non-family households comprise the remaining 17.1%, with lone person households at 15.7% and group households making up 1.4%. The median household size is 3.5 people, which is larger than the Greater Sydney average of 3.1.
Frequently Asked Questions - Households
Local Schools & Education
Greenacre - South shows below-average educational performance compared to national benchmarks, though pockets of achievement exist
The area's university qualification rate is 24.2%, significantly lower than Greater Sydney's average of 38.0%. Bachelor degrees are the most common at 16.5%, followed by postgraduate qualifications (6.4%) and graduate diplomas (1.3%). Vocational credentials are prevalent, with 26.4% of residents aged 15+ holding them - advanced diplomas at 10.3% and certificates at 16.1%. Educational participation is high, with 38.2% of residents currently enrolled in formal education: 13.9% in primary, 11.1% in secondary, and 6.8% in tertiary education.
Seven schools operate within Greenacre - South, educating approximately 4,823 students. The area functions as an education hub with 35.5 school places per 100 residents, attracting students from surrounding communities.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is moderate compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Greenacre - South has 59 active public transport stops, all of which are bus stops. These stops are served by 19 different routes that collectively facilitate 1,614 weekly passenger trips. The area's transport accessibility is rated excellent, with residents typically located just 163 meters from the nearest stop.
The service frequency averages 230 trips per day across all routes, equating to approximately 27 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Greenacre - South's residents are extremely healthy with younger cohorts in particular seeing very low prevalence of common health conditions
Analysis of health metrics indicates strong performance throughout Greenacre - South, particularly among younger cohorts who exhibit a very low prevalence of common health conditions. The rate of private health cover stands at approximately 47% of the total population (6,394 people), compared to the national average of 55.3%.
Diabetes and arthritis are the most prevalent medical conditions in the area, affecting 6.1% and 5.9% of residents respectively. Meanwhile, 76.7% of residents declare themselves completely clear of medical ailments, slightly higher than the Greater Sydney average of 75.8%. The area has a lower proportion of residents aged 65 and over at 14.2% (1,937 people), compared to Greater Sydney's 15.8%.
Frequently Asked Questions - Health
Cultural Diversity
Greenacre - South is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics
Greenacre - South has a population where 43.2% were born overseas, and 73.9% speak a language other than English at home. Islam is the predominant religion in Greenacre - South, with 51.6%, which is higher compared to Greater Sydney's 27.9%. The top three ancestry groups are Lebanese at 32.3%, Other at 26.5%, and Australian at 12.0%.
Notably, Vietnamese (3.2% vs regional 8.5%), Greek (3.3% vs 3.4%), and Korean (0.9% vs 0.7%) groups are overrepresented in Greenacre - South compared to the regional averages.
Frequently Asked Questions - Diversity
Age
Greenacre - South's young demographic places it in the bottom 15% of areas nationwide
Greenacre - South has a median age of 33, which is lower than Greater Sydney's figure of 37 and Australia's national average of 38 years. Compared to Greater Sydney, Greenacre - South has a higher proportion of residents aged 5-14 (16.8%) but fewer residents aged 25-34 (11.7%). Between the 2021 Census and the present day, the population share of those aged 15-24 has increased from 15.2% to 16.2%, while the proportion of those aged 5-14 has decreased from 17.7% to 16.8%. By 2041, significant demographic shifts are projected for Greenacre - South. The 75-84 age group is expected to grow by 60%, adding 394 residents and reaching a total of 1,049. This growth will contribute to an overall aging population, with residents aged 65 and older accounting for 70% of the projected growth. Conversely, the 0-4 and 35-44 age groups are anticipated to experience population declines.