Sydney Bankstown-【The Marks】Apartment

Bankstown is a suburb of south-western sydney, located in the local government area of canterbury-bankstown council. it is 20 kilometres west of the sydney cbd, 18 km of parramatta cbd.

Bankstown is the seat of major industry including the aviation, engineering and maintenance at bankstown airport. other employers include small industrial operations, the public service and the retail industry.

Education in bankstown are bankstown public school, located in restwell street central bankstown, opened in 1915. bankstown has seen the development of several different educational facilities, such as, al amanah college, bankstown senior college, bankstown girls high school, georges river grammar school, lasalle catholic college and st euphemia college. tertiary institutions located in the suburb include tafe bankstown and university of western sydney, bankstown campus.

Bankstown’s central business district is around bankstown railway station, is known as bankstown plaza, while this area has created a lot of restaurants, eateries and cafes. bankstown central shopping centre, formerly known as centro bankstown, is a large shopping centre, immediately to the northeast of the railway station.

Bankstown railway station is serviced by t3 bankstown line of the sydney trains network. bankstown is a major bus interchange for a number of bus services. in december 2013, planning approval was granted for an upgrade project including the installation of new stairs, ramps, canopies and ticket barriers. work commenced in july 2014 with the work scheduled for completion in 2015.

The sydney metropolitan airport, more commonly known as bankstown airport, was established in 1940 and is constructed on 313 hectares. it has three runways, an extensive taxiway and includes a large business park containing over 170 businesses.

PROJECT OVERVIEW

The mark providing a range of excellent value residential offerings in close proximity to employment, recreation and public transport. this wide selection of one, two and three-bedroom apartments suits a broad variety of purchasers and stages of life, from first time buyers and investors to families and downsizers.

Project name: the marks

Location: bankstown nsw

Property type: apartment

Address: 74-80 restwell street, bankstown nsw 2200

No. of levels: 6

No. of units available: 35

Est. settlement date: 31/12/2018

SURROUNDING ENVIRONMENT

Transport

Bankstown railway station approx. 650m / 8 mins’ walk, services by t3 bankstown line, 14 mins to canterbury, 37 mins to city, 45 mins to circular quay, 24 mins to strathfield.

Bus stop at restwell street after stanley street approx. 50m/1 min walk, service by 922, 923, 924,925,926, 945, 962, m90, m91 and m92

Education

Bankstown public school – approx. 60 m/1 min walk

Bankstown girls high school –  approx. 350m/4 min walk

St brendan’s primary school – approx. 950m/12 min walk

Tafe bankstown campus – approx. 1.3km/18 min walk

Western sydney university bankstown – approx. 6.1km/12 min drive

Shopping

Bankstown central – approx. 800m/10 min walk

Bankstown city plaza – approx. 500m/7 min walk

Entertainment

Bankstown sports club – approx. 350m/5 min walk

Bankstown rsl community club (bankstown star beffet)– approx. 850m/11 min walk

SUGGESTION PROPERTIES

INVESTMENT ANALYSIS

Demographics

The 2011 census report from australian bureau of statistics shows that

– total population is 30,572

– the median weekly household income is $950

– the median age is 31

– 4% people worked full-time

– the most common occupations included professional, clerical and administrative workers

The data source were from http://www.censusdata.abs.gov.au/census_services/getproduct/census/2011/quickstat/ssc10102?opendocument&navpos=220 as at 23 mar 2017

Bankstown real estate market report

The data from realestate.com.au are showing the median unit price in bankstown is $500,000 base on 297 sales between 1 jan 2016 -31 dec 2016

The median unit price is $250,000 base on 204 sales between 1 jan -31 dec 2008, the median unit sales price increase $250,000 over the 8 years.

The median sales price is $317,000 base on 310 sales between 1 jan -31 dec 2011, over the 5 years the median unit price increase is $183,000.

The median unit price is $480,000 base on 387 sales between 1 jan -31 dec 2015, over the last 12 months, the median unit price increase is $20,000.

The median rent for unit is $420/wk, rental yield is 4.3%, the estimate cash flow is 127/month.

The data source came from http://www.realestate.com.au/invest/unit-in-bankstown,+nsw+2200 as at 21 feb 2017

Vacancy rate

The data from homesales.com.au shows that

Vacancy rate is 1.9% on dec 2016, 1.5% on nov 2016, 1.1% on oct 2016 and 1.2% on sep 2016

Vacant property on the market is 113 on dec 2016, 91 on no 2016, 69 on oct 2016 and 75 on sep 2016

Data source from https://homesales.com.au/location/wolli-creek-nsw/ as at 23 mar 2017

Disclaimer none of the information contained in this should be relied on or construed as advice, a recommendation or offer for the sale of property. we do not make any representations or give any warranties that the information set out in this is or will remain accurate or complete at all times and disclaim all liability for harm, loss, costs, or damages which arises in connection with any use or reliance on the information.