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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 is around 13,606 as of Aug 2025. This reflects an increase of 190 people since the 2021 Census, which reported a population of 13,416 people. The change is inferred from the estimated resident population of 13,613 from the ABS as of June 2024 and an additional 42 validated new addresses since the Census date. This level of population equates to a density ratio of 4,691 persons per square kilometer. Greenacre - South's 1.4% growth since census positions it within 2.6 percentage points of the SA3 area (4.0%). Population growth for the area was primarily driven by overseas migration that contributed approximately 59.1% of overall population gains during recent periods.
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. Lower quartile growth of statistical areas analysed by AreaSearch is anticipated, with the area expected to expand by 441 persons to 2041 based on the latest population numbers, with an increase of 3.3% in total over the 17 years.
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 received around 73 dwelling approvals per year over the past five financial years, totalling 365 homes from FY-21 to FY-25. As of FY-26, 10 approvals have been recorded. On average, 0.3 new residents arrive per new home built annually in this period. The supply of new homes meets or exceeds demand, offering more buyer choices and supporting potential population growth.
The average construction value of these new homes is $504,000. In FY-26, there have been $345,000 in commercial approvals, indicating the area's residential nature. Compared to Greater Sydney, Greenacre - South has similar development levels per capita, maintaining market equilibrium with surrounding areas. In terms of new building activity, 46.0% are detached houses and 54.0% attached dwellings. This shift towards denser development provides accessible entry options for downsizers, investors, and first-time buyers.
This trend is a notable change from the area's existing housing composition, which is currently 68.0% houses. The location has approximately 225 people per dwelling approval, indicating a low-density market. Population forecasts suggest Greenacre - South will gain 447 residents by 2041. With 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 influence an area's performance. AreaSearch has identified 16 projects likely to impact the area. Notable projects include Punchbowl Station Upgrade (Sydney Metro City & Southwest), Bankstown CBD Transformation, Greenacre Community Place Precinct Framework, and Lakemba Station Sydney Metro Upgrade. The following list details those most relevant.
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Frequently Asked Questions - Infrastructure
Bankstown CBD Transformation
The comprehensive transformation of the Bankstown CBD is underway. Key components include the Bankstown CBD Upgrade (in construction) and the adoption of the Bankstown City Centre Master Plan (Planning Proposal submitted for Gateway Determination). The Master Plan guides streetscape improvements, new mixed-use developments, enhanced public spaces, and transport connectivity to create a vibrant, walkable city center, celebrating cultural diversity and supporting future growth. Recent completed projects under this umbrella include a $27 million stormwater upgrade, Paul Keating Park Play Space, and The Appian Way Pedestrian Mall transformation. The overall vision is a long-term, multi-developer initiative for Bankstown to become a leading health, education, and jobs hub.
Bankstown Central Masterplan
A 30-year transformational redevelopment of 11.4 hectares in Bankstown CBD into a vibrant mixed-use urban neighbourhood. Stage One, Bankstown Exchange, features 30,000 sqm of A-grade commercial office space across three buildings with ground-floor retail and an Eat Street dining precinct. The full masterplan includes up to 3,500 residential apartments, 1,800 student accommodation units, 800-guest hotel, serviced apartments, childcare facilities, and landscaped green spaces. The project aims to create a Health and Education Innovation Precinct, supporting 8,400 workers and generating significant economic activity. Retail precinct upgrades include The Grand Market fresh food area with new Coles supermarket, plus major retailers like Uniqlo, JB Hi-Fi, and Services Australia. The development integrates with the Sydney Metro City & Southwest line and complements the adjacent Western Sydney University campus.
Bankstown Exchange (Stage 1 - Bankstown Central Masterplan)
Stage 1 of the Bankstown Central masterplan delivers approximately 30,000 sqm of A-grade commercial office space across three buildings (two 8-level towers and one 5-level building), ground-floor retail with an activated 'Eat Street' dining precinct, new public plazas, a repositioned bus interchange, basement parking for 320 vehicles, 240 bicycle spaces and end-of-trip facilities. The project is a key catalyst for the Bankstown Health and Education Innovation Precinct.
Lakemba Transport Oriented Development (TOD) Masterplan
Canterbury-Bankstown Council's masterplan for the Lakemba Transport Oriented Development (TOD) precinct, which aims to create capacity for over 9,000 new homes within 400m of Lakemba station by implementing an alternative, place-based approach to the NSW Government's TOD Program. The plan features mixed-use development with residential, retail, and community facilities, focusing on increased density near public transport while respecting local character and cultural diversity, and includes enhanced public domain and community infrastructure. The Council's alternative scheme, including Recommended Planning Provisions and supporting studies, was submitted to the NSW Department of Planning, Housing and Infrastructure (DPHI) in late 2024 and is currently under assessment. The planning controls for the precinct are expected to be finalised in early 2025.
Compass Centre Redevelopment
Redevelopment of the Compass Centre site in Bankstown with demolition of existing structures and construction of a mixed-use precinct featuring a 5-storey podium and three towers: one 19-storey hotel (~169 rooms) and two 24-storey residential build-to-rent towers (339 apartments). Includes retail spaces, supermarket, gym, childcare centre, medical centre, function centre, through-site links to Bankstown Station and Paul Keating Park, enhanced public domain, landscaping, and a two-level basement. SSD application (PPSSDH-182) under assessment as of November 2025.
Punchbowl Station Upgrade - Sydney Metro City & Southwest
Punchbowl Station is being upgraded as part of the Sydney Metro City & Southwest project to convert the T3 Bankstown Line to fully automated metro standards. Works include three new lifts, new family-accessible toilets, platform screen doors, level boarding, concourse improvements, new signage and wayfinding. The station upgrade supports new single-deck air-conditioned metro trains running every 4 minutes in peak in each direction upon opening.
Lakemba Station Sydney Metro Upgrade
Upgrade of Lakemba Station to Sydney Metro standards as part of the City & Southwest project. Works include platform screen doors, level access between trains and platforms, accessibility upgrades, and interchange improvements. When services commence on the Sydenham to Bankstown metro section, trains are planned every 4 minutes in the peak with faster journeys to the CBD.
Salt Pan Creek Channel Repairs
Structural repairs and bank stabilization along Salt Pan Creek within the Cooks River catchment, affecting parts of Greenacre, Punchbowl, Belfield and nearby suburbs. Scope includes flood mitigation, stormwater channel rehabilitation, erosion control and environmental restoration works to improve waterway health and reduce flood risk.
Employment
Employment conditions in Greenacre - South face significant challenges, ranking among the bottom 10% of areas assessed nationally
Greenacre - South has a diverse workforce with an unemployment rate of 10.1% as of June 2025. It experienced a 1.3% employment growth over the past year.
Out of its 5,077 working residents, 41.8% participate in the labour force, compared to Greater Sydney's 60.0%. The leading industries are health care & social assistance, retail trade, and construction, with retail trade being particularly prominent at 1.4 times the regional average. Professional & technical services have a limited presence at 7.2%, compared to the regional average of 11.5%. Over the year ending June 2025, employment increased by 1.3% while labour force grew by 2.6%, leading to an unemployment rate rise of 1.1 percentage points.
In contrast, Greater Sydney saw employment grow by 2.6%, labour force expand by 2.9%, and unemployment rise by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 project a 6.6% growth over five years and 13.7% over ten years nationally, with local projections suggesting Greenacre - South will increase by 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 ended 30 June 2022 shows median income in Greenacre - South was $39,476 and average income was $53,384. In contrast, Greater Sydney had a median income of $56,994 and an average income of $80,856. Based on Wage Price Index growth of 12.61% from financial year ended 30 June 2022 to September 2025, estimated median income in Greenacre - South would be approximately $44,454 and average income would be around $60,116. According to the Census conducted on 9 August 2021, individual incomes were at the 4th percentile ($507 weekly) while household incomes performed better at the 34th percentile. The earnings profile showed that 29.2% of residents earned between $1,500 and $2,999 weekly (3,972 residents), consistent with broader trends across the region where 30.9% fell into the same category. Housing affordability pressures were 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's dwelling structure, as per the latest Census, had 68.1% houses and 31.8% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Sydney metro had 61.5% houses and 38.4% other dwellings. Home ownership in Greenacre - South stood at 33.3%, with mortgaged dwellings at 35.1% and rented ones at 31.6%. The median monthly mortgage repayment was $2,330, higher than Sydney metro's $2,240. The median weekly rent in Greenacre - South was $450, compared to Sydney metro's $425. Nationally, Greenacre - South's mortgage repayments were significantly higher at $1,863 and rents substantially above the national average 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 account for 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 consist of the remaining 17.1%, with lone person households at 15.7% and group households comprising 1.4% of the total. The median household size is 3.5 people, 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 prominent, with 26.4% of residents aged 15+ holding them, including advanced diplomas (10.3%) and certificates (16.1%). Educational participation is high at 38.2%, with 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, under typical Australian school conditions (ICSEA: 1001) with balanced educational opportunities. The educational mix includes five primary, one secondary, and one K-12 school. The area functions as an education hub with 35.5 school places per 100 residents, significantly above the regional average of 16.8, attracting students from surrounding communities. Note: where schools show 'n/a' for enrolments please refer to parent campus.
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 operating within its boundaries. These stops serve a mix of bus routes, with a total of 19 individual routes in operation. Collectively, these routes facilitate 1,614 weekly passenger trips.
The accessibility to public transport is rated as excellent, with residents typically located 163 meters from the nearest stop. On average, service frequency across all routes is 230 trips per day, 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, with younger cohorts particularly experiencing very low prevalence of common health conditions. The rate of private health cover was found to be low at approximately 47% of the total population (6,394 people), compared to the national average of 55.3%.
Diabetes and arthritis were the most common medical conditions in the area, affecting 6.1 and 5.9% of residents respectively. A total of 76.7% of residents declared themselves completely clear of medical ailments, compared to 75.8% across Greater Sydney. The area has 14.2% of residents aged 65 and over (1,937 people), which is lower than the 15.8% in Greater Sydney.
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 is among the most culturally diverse areas in the country, with 43.2% of its population born overseas and 73.9% speaking a language other than English at home. The main religion in Greenacre-South is Islam, comprising 51.6% of people, compared to 27.9% across Greater Sydney. In terms of ancestry, the top three represented groups are Lebanese at 32.3%, Other at 26.5%, and Australian at 12.0%.
Notably, Vietnamese, Greek, and Korean ethnicities are overrepresented in Greenacre-South compared to regional averages: Vietnamese at 3.2% (vs 8.5%), Greek at 3.3% (vs 3.4%), and Korean at 0.9% (vs 0.7%).
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 younger 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 present, the population 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, Greenacre - South's population is forecasted to undergo significant demographic changes. The 75-84 age group is projected to grow by 60%, adding 394 residents to reach a total of 1,049. Residents aged 65 and older are expected to represent 70% of the anticipated population growth. Conversely, the 0-4 and 35-44 age groups are projected to experience population declines.