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This analysis uses Suburbs and Localities (SAL) boundaries, which can materially differ from Statistical Areas (SA2) even when sharing the same name.
SAL boundaries are defined by Australia Post and the Australian Bureau of Statistics to represent commonly-known suburb names used in postal addresses.
Statistical Areas (SA2) are designed for census data collection and may combine multiple suburbs or use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.
est. as @ -- *
2021 Census | -- people
Sales Activity
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Population
Population growth drivers in Bankstown are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends
Bankstown's population is estimated at around 37,490 as of May 2026. This reflects an increase of 2,557 people since the 2021 Census, which reported a population of 34,933. The change was inferred from AreaSearch's estimate of the resident population at 37,403 following examination of ABS data released in June 2025 and an additional 143 validated new addresses since the Census date. This results in a density ratio of 5,903 persons per square kilometer, placing Bankstown in the top 10% nationally according to AreaSearch. The suburb's growth rate of 7.3% since the 2021 census exceeded both the SA4 region (6.5%) and the state average. Overseas migration contributed approximately 72.0% of overall population gains during recent periods, driving this growth.
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, NSW State Government's SA2 level projections released in 2022 with a base year of 2021 are utilised. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. By 2041, Bankstown is forecasted to grow by 11,983 persons based on aggregated SA2-level projections, reflecting an increase of 31.7% in total over the 16-year period.
Frequently Asked Questions - Population
Development
AreaSearch assessment of residential development activity positions Bankstown among the top 25% of areas assessed nationwide
Bankstown recorded approximately 98 residential properties granted approval per year over the past five financial years, from FY21 to FY25. This totals an estimated 492 homes. In FY26 so far, 40 approvals have been recorded. On average, 4.2 people moved to the area for each dwelling built during this period.
Commercial approvals registered in FY26 totalled $264.2 million, indicating high local commercial activity. New building activity comprised 36.0% detached dwellings and 64.0% medium and high-density housing. Bankstown has a developed market with around 361 people per dwelling approval.
According to AreaSearch's latest quarterly estimate, the area is expected to grow by approximately 11,896 residents by 2041.
Frequently Asked Questions - Development
Development applications around Bankstown
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SOURCE: Planning portals and council registers, compiled by AreaSearch. Distance & bearing measured from the suburb midpoint.
Infrastructure
Bankstown has very high levels of nearby infrastructure activity, ranking in the top 10% nationally
Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 43 projects that could impact the area. Major projects include Bankstown Exchange (Stage 1 - Bankstown Central Masterplan), New Bankstown Hospital, Compass Centre Redevelopment, and Bankstown CBD Transformation. The following list details those most relevant.
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Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.
Frequently Asked Questions - Infrastructure
Bankstown TOD Accelerated Precinct
State-led Transport Oriented Development (TOD) Accelerated Precinct revitalising the Bankstown CBD and Metro station area. Rezoning took effect on 27 November 2024, enabling capacity for 14,000 new homes and up to 100,000 new jobs via 3.15 million square metres of commercial floor space. The plan features high-density mixed-use buildings up to 25 storeys, over 14 hectares of new and improved public open space, a new bus interchange, and enhanced walking and cycling links to Sydney Metro and heavy rail stations. Mandatory affordable housing contributions of 3-4% apply across the precinct, with all affordable homes managed by registered Community Housing Providers in perpetuity. Development applications can now be lodged, with a temporary State Significant Development pathway available until November 2027 for residential projects valued over $60 million. The NSW Government has committed $520 million to community infrastructure, active transport links, and open spaces across all TOD Accelerated Precincts. New public open spaces under the Parks for People program are planned for mid-2025 community exhibition.
New Bankstown Hospital
The NSW Government is investing $2 billion to deliver a new state-of-the-art hospital on the former TAFE NSW Bankstown campus site on Chapel Road, the largest single public hospital investment in NSW history. The latest design unveiled in April 2026 features a 14-storey hospital tower alongside a 10-storey car park providing at least 950 spaces (almost double the current capacity). The facility will include an expanded emergency department, operating theatres, intensive care, surgical and medical services, maternity and paediatric services, mental health, outpatients, aged health, and a Research and Education Centre. Located in Bankstown CBD with strong connections to bus, train and the future Sydney Metro, the new hospital aims to transform healthcare for the fast-growing south-west Sydney community. Enabling works commenced on site in March 2026 with Hindmarsh Construction Australia engaged following a competitive tender (contract awarded 16 February 2026), with site fencing installed and demolition of former TAFE buildings due to begin mid 2026. The early works Review of Environmental Factors (REF) was approved on 24 January 2026, and the State Significant Development Application (SSD-105396208) was lodged on 10 April 2026 with submissions closing 7 May 2026. Main works construction is expected to start in 2027 subject to planning approval, with completion targeted for 2031. Existing Bankstown-Lidcombe Hospital on Eldridge Road will continue operating throughout construction and later be repurposed for community health services.
Bankstown CBD Transformation
A multi-billion dollar urban renewal initiative. As of March 2026, the Bankstown Station transit interchange and a 90-meter pedestrian plaza have opened. The 2 billion dollar New Bankstown Hospital is in the enabling works phase on the former TAFE site with main construction slated for 2027. Major stormwater upgrades to protect the CBD from 1-in-100-year floods were completed in August 2025. The Sydney Metro City and Southwest line is in final testing, with services to Bankstown expected to commence in the second half of 2026. The precinct is designated as a Transport Oriented Development (TOD) Accelerated Precinct, facilitating up to 14,000 new homes.
Community Infrastructure Strategic Plan 2050
The Community Infrastructure Strategic Plan 2050 (CISP) is a long-term framework adopted by Canterbury-Bankstown Council to guide the planning and delivery of 149 community facilities over the next 25 years. The plan focuses on consolidating ageing, fit-for-purpose assets into modern multipurpose hubs. Key initiatives include the redevelopment of the Canterbury Leisure and Aquatics Centre, new district libraries, youth centres, and enhanced cultural spaces. The strategy is designed to support a population expected to reach 500,000 by 2036, with priority growth areas identified in the Bankstown CBD and Campsie precincts.
Bankstown Central Masterplan
Vicinity Centres' long-term Bankstown Central masterplan proposes to transform the 11.4 ha shopping centre site into a mixed-use health, education and innovation precinct. The vision includes about 300,000 sqm of new buildings across 16 development sites, with commercial offices, retail and dining, residential apartments, student accommodation, hotel uses, childcare, open space and transport integration. Stage One, Bankstown Exchange, has development approval for three A-grade commercial office buildings totalling about 30,000 sqm with ground-floor retail, Eat Street dining, public open space, a relocated bus interchange, basement parking and end-of-trip facilities. The broader 2022 planning proposal for about 19 towers is listed by the NSW Planning Portal as Not Proceeding, while Vicinity's FY25 update notes approved LEP controls supporting a potential residential opportunity at Bankstown Central under the NSW TOD program.
Bankstown Exchange (Stage 1 - Bankstown Central Masterplan)
Bankstown Exchange is the initial phase of the 30-year Bankstown Central masterplan, creating a vibrant mixed-use destination. The project includes approximately 30,000 sqm of modern office space across three buildings, a new 'Eat Street' dining precinct, and 5,000 sqm of landscaped public space. It features a revitalized bus interchange to integrate with the Sydney Metro City and Southwest line. The development is designed to support the Bankstown Health and Education Innovation Precinct (BHEIP) and includes basement parking for 320 cars and 240 bicycles.
Western Sydney University Bankstown City Campus
$340 million 18-storey vertical campus opened in early 2023, replacing the former Milperra campus. Features 26,000 square meters of state-of-the-art facilities designed by HDR and Lyons architects with distinctive block and stack concept and gold/red curtain wall facade. Built by Walker Corporation, achieving 6 Star Green Star Design & As Built rating. Capacity for 10,000 students and 1,000 staff. Located between Bankstown's Council administration building and Library and Knowledge Centre. Offers undergraduate and postgraduate courses in education, psychology, business, IT and health areas, delivering $140 million annually in economic uplift to the region. The campus embeds Western Sydney University in the economic, social and civic life of Bankstown.
Compass Centre Redevelopment
Redevelopment of the Compass Centre site into a mixed-use precinct comprising a 5-storey podium and three towers. The proposal includes a 19-storey hotel with approximately 169 rooms and two 24-storey build-to-rent residential towers providing 339 apartments. The precinct will feature a supermarket, retail shops, a gym, a medical centre, childcare, and a function centre. It aims to improve connectivity with through-site links between Bankstown Station and Paul Keating Park, alongside significant public domain and landscaping upgrades.
Employment
AreaSearch assessment indicates Bankstown faces employment challenges relative to the majority of Australian markets
Bankstown has a well-educated workforce with diverse sector representation. The unemployment rate was 9.3% in the past year, with an estimated employment growth of 5.1%. As of December 2025, 16,571 residents were employed while the unemployment rate stood at 5.1%, higher than Greater Sydney's rate of 4.2%.
Workforce participation was lower at 60.3% compared to Greater Sydney's 68.8%. A high proportion of residents, 29.3%, worked from home, possibly influenced by Covid-19 lockdowns. The leading employment industries were health care & social assistance, retail trade, and manufacturing. Bankstown showed strong specialization in manufacturing with an employment share 1.6 times the regional level.
However, professional & technical services were under-represented at 7.5% compared to Greater Sydney's 11.5%. The area offered limited local employment opportunities based on Census data. In the 12-month period ending May-25, employment increased by 5.1%, labour force grew by 5.3%, and unemployment rose by 0.2 percentage points. National employment forecasts from Jobs and Skills Australia indicate a projected growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Bankstown's employment mix suggests local employment should increase by 6.3% over five years and 13.2% over ten years, assuming constant population projections.
Frequently Asked Questions - Employment
Income
Income metrics place the area in the bottom 10% of locations nationally according to AreaSearch analysis
AreaSearch's latest postcode level ATO data for financial year 2023 shows Bankstown's median income is $39,890 and average income is $50,066. This is lower than national averages of a median income of $60,817 and an average income of $83,003. By March 2026, estimated incomes are approximately $44,007 (median) and $55,233 (average), based on Wage Price Index growth of 10.32% since financial year 2023. The 2021 Census ranks Bankstown's household income at the 22nd percentile ($1,331 weekly) and personal income at the 6th percentile. Most residents (30.9%, or 11,584 people) earn $1,500 - 2,999 weekly, similar to the surrounding region. Housing affordability pressures are severe, with only 76.4% of income remaining, ranking at the 15th percentile.
Frequently Asked Questions - Income
Housing
Bankstown features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region
Bankstown's dwelling structure, as per the latest Census, consisted of 30.1% houses and 70.0% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Sydney metro had 55.9% houses and 44.1% other dwellings. Home ownership in Bankstown was at 22.2%, with mortgaged dwellings at 25.5% and rented ones at 52.2%. The median monthly mortgage repayment in the area was $1,800, below Sydney metro's average of $2,427. Weekly rent median was $400, compared to Sydney metro's $470. Nationally, Bankstown's mortgage repayments were lower at $1,863 and rents higher at $375.
Frequently Asked Questions - Housing
Household Composition
Bankstown features high concentrations of group households, with a higher-than-average median household size
Family households make up 73.8% of all households, including 37.7% couples with children, 18.1% couples without children, and 15.9% single parent families. Non-family households account for the remaining 26.2%, with lone person households at 22.0% and group households comprising 4.2%. The median household size is 2.9 people, larger than the Greater Sydney average of 2.7.
Frequently Asked Questions - Households
Local Schools & Education
Bankstown shows below-average educational performance compared to national benchmarks, though pockets of achievement exist
Bankstown's educational qualifications trail Greater Sydney's regional benchmarks. Among residents aged 15+, 30.2% hold university degrees compared to the region's 38.0%. This gap suggests potential for educational development and skill enhancement. Bachelor degrees are most common at 20.8%, followed by postgraduate qualifications (8.1%) and graduate diplomas (1.3%).
Vocational pathways account for 24.3% of qualifications among those aged 15+, with advanced diplomas at 10.9% and certificates at 13.4%. Educational participation is high, with 34.9% currently enrolled in formal education, including 10.3% in primary, 7.8% in secondary, and 7.4% pursuing tertiary education.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Bankstown has 179 active public transport stops offering a mix of train and bus services. These are covered by 57 routes providing 12,055 weekly passenger trips. Transport accessibility is excellent with residents typically located 135 meters from the nearest stop. Most residents commute outward daily. Car remains the dominant mode at 73%, followed by train at 14% and bus at 5%. Vehicle ownership averages 1.0 per dwelling, below the regional average.
According to the 2021 Census, 29.3% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 1,722 trips per day across all routes, equating to approximately 67 weekly trips per stop. The map shows the 100 nearest stops to the location's centrepoint.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
The level of general health in Bankstown is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions
Bankstown shows better-than-average health results based on AreaSearch's evaluation of mortality rates and chronic condition prevalence. Both younger and older age groups have low incidence of common health issues. Private health coverage is quite low at around 47% (~17,545 people), compared to Greater Sydney's 59.9%.
Nationally, the average is 55.7%. Diabetes and arthritis are most prevalent in Bankstown, affecting 5.2% and 5.0% of residents respectively. About 79.7% report no medical conditions, compared to 74.6% across Greater Sydney. The area has 13.9% seniors (5,211 people), lower than Greater Sydney's 15.5%. Health outcomes for seniors are above average, similar to the general population nationally.
Frequently Asked Questions - Health
Cultural Diversity
Bankstown is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics
Bankstown's population is predominantly culturally diverse, with 61.1% born overseas and 80.3% speaking a language other than English at home. Islam is the main religion in Bankstown, comprising 34.4%, compared to 6.8% across Greater Sydney. The top three ancestry groups in Bankstown are Other (28.8%), Vietnamese (18.0%), and Lebanese (11.4%), each substantially higher than regional averages of 16.0%, 1.8%, and 2.6% respectively.
Notably, Macedonian (2.0%) and Samoan (0.7%) groups are overrepresented in Bankstown compared to regional percentages of 0.4% and 0.5%. Additionally, the Chinese population is also notably higher at 10.5% compared to the regional average of 8.4%.
Frequently Asked Questions - Diversity
Age
Bankstown hosts a young demographic, positioning it in the bottom quartile nationwide
Bankstown's median age is 34 years, which is lower than Greater Sydney's average of 37 and Australia's average of 38 years. Compared to Greater Sydney, Bankstown has a higher proportion of 25-34 year-olds (18.6%) but fewer 75-84 year-olds (4.1%). Between the 2021 Census and now, the population aged 65-74 has increased from 6.9% to 8.1%, while the 55-64 age group has decreased from 10.8% to 10.0%. By 2041, demographic projections indicate significant changes in Bankstown's population. The 45-54 age cohort is expected to grow by 42%, adding 1,746 residents to reach a total of 5,908.