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Banksmeadow

POSTAL CODE: NSW, 2019
UNIT

A survey of average capital gains or median home price increase in suburbs across the country shows that BANKSMEADOW, 2019 obtained a 1.75% growth over a ten-year period. It ranks 1738th on our list of suburbs that property investors should look into.

BANKSMEADOW, 2019 has a capital gain of -1.63% for the past year, which is lower than average compared to its 18.98% growth within a five-year period.

With the median home price in BANKSMEADOW sitting at $993,500, and the average rent at $980, property owners could potentially earn a 5.13% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in BANKSMEADOW are low, as opposed to average gains per annum over the past five years.

BANKSMEADOW, 2019 in NSW belongs to the local government area of Bayside (NSW).

Surburb overview

Banksmeadow, NSW 2019, is a predominantly industrial suburb located 11 kilometres south of Sydney’s central business district. It falls under the jurisdiction of Bayside Council and is situated along the northern shores of Botany Bay. Historically, the area was named after naturalist Sir Joseph Banks, who landed in Botany Bay with Captain James Cook in 1770.

Banksmeadow's residential population was just 508 people as of the 2021 census, and most of its land is dedicated to industrial and commercial activities. The suburb is closely associated with Port Botany, which houses various oil terminals and chemical facilities. Significant landmarks in the area include the Botany Golf Club and Foreshore Beach, although the latter has seen erosion and is less accessible due to the expansion of port facilities.

The area primarily focuses on logistics, warehousing, and light industrial operations, making it more of a commercial hub than a residential community. The suburb’s proximity to major transport routes, including the Sydenham-Botany Goods Railway, facilitates its industrial activities. For those considering living in the area, the median rent for units is around $860 per week, with a rental yield of 4.54%.

Despite its industrial nature, Banksmeadow has some green spaces, including Banksmeadow Park and nearby recreational facilities like the Botany Athletic Centre. The suburb’s limited residential options and industrial focus make it more suitable for businesses and professionals working in related sectors rather than families or general residential living.

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