Bankstown City CouncilEconomic profile
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At June 2016, the median house valuation in Bankstown City was $155,843 higher compared to New South Wales.

This indicator shows the value of houses and units in Bankstown City and wider region during the period 2011-2016. Housing values are an indicator of the level of demand for housing in the area, as well as the type of housing available. Housing demand may be related to the desirability of the area and proximity to major employment destinations.

Value of houses
Value of houses New South Wales: $637,533 New South Wales: $569,226 New South Wales: $508,933 New South Wales: $457,239 New South Wales: $441,305 New South Wales: $438,564 Greater Sydney: $949,151 Greater Sydney: $865,140 Greater Sydney: $724,796 Greater Sydney: $623,561 Greater Sydney: $603,520 Greater Sydney: $595,960 Bankstown City: $869,513 Bankstown City: $814,331 Bankstown City: $664,776 Bankstown City: $573,658 Bankstown City: $539,680 Bankstown City: $523,273
Source: Hometrack 2011-2016, Housing Valuation System
Value of units
Value of units New South Wales: $614,575 New South Wales: $559,521 New South Wales: $496,521 New South Wales: $430,178 New South Wales: $423,410 New South Wales: $413,869 Greater Sydney: $699,292 Greater Sydney: $639,516 Greater Sydney: $566,726 Greater Sydney: $492,743 Greater Sydney: $481,561 Greater Sydney: $469,663 Bankstown City: $577,609 Bankstown City: $514,146 Bankstown City: $448,269 Bankstown City: $421,052 Bankstown City: $402,551 Bankstown City: $373,353
Source: Hometrack 2011-2016, Housing Valuation System
Median housing value
HousesUnits
Year (at June)Bankstown CityGreater SydneyNew South WalesBankstown CityGreater SydneyNew South Wales
2011$523,273$595,960$438,564$373,353$469,663$413,869
2012$539,680$603,520$441,305$402,551$481,561$423,410
2013$573,658$623,561$457,239$421,052$492,743$430,178
2014$664,776$724,796$508,933$448,269$566,726$496,521
2015$814,331$865,140$569,226$514,146$639,516$559,521
2016$869,513$949,151$637,533$577,609$699,292$614,575

Source: Hometrack 2011-2016, Housing Valuation System.

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