Statistical Area 2 (SA2) · Area profile

Banksmeadow

4 km²

A massive population surge of over 4,000% since 2011 has transformed Banksmeadow into a small but rapidly growing community. It is now a highly educated and affluent area where the typical resident is just 33, making it noticeably younger than the national average. This shift is driven by a high proportion of young professionals and overseas arrivals, resulting in a community with high incomes and a strong preference for apartment living.

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📍 Banksmeadow, Statistical Area 2 (SA2)
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The area is dominated by young adults aged 25 to 44, who make up 56.3% of the population. It has very few seniors and children compared to the rest of the state, while de facto relationships are far more common here than nationally.

Nearly half of the residents (49.8%) were born overseas, a figure far above the national average. Chinese, English, and Irish are the most common ancestries, with China being the primary birthplace for those born abroad.

Language diversity is high, with 36.2% of people using a language other than English at home, which is well above the New South Wales figure. Mandarin is the most common second language, spoken by 12.8% of the community.

About 38.6% of residents identify as Christian, while 34.6% have no religion. This lack of religious affiliation is slightly above the state average but well below the national figure.

The community is exceptionally well-qualified; 40.7% of adults hold a bachelor degree or higher, far exceeding the national average. Since 2016, the proportion of people who completed Year 12 has risen by 35 points.

Incomes are very high here, with the typical personal weekly income of $1,353 sitting far above the national figure. This is consistent with the high level of education, as 19.9% of people earn $2,000 or more each week.

Residents are in very good health, with long-term health conditions affecting only 13% of the population, which is far below the national rate. Only 2.4% of people need help with daily activities.

Volunteer rates are much lower than most areas at 8.1%, though this has risen since 2016. Similarly, far fewer people provide unpaid care or housework compared to the state average.

The First Nations community is very small, consisting of just three people. However, their typical personal income is much higher than in most other areas.

Homes are typically small, with only 2.0 people per dwelling. This is reflected in the high number of people living alone (31.5%) and a high proportion of couples without children.

Apartments make up 83.3% of homes, and renting is far more common here than elsewhere, at 59.6%. Rent is very expensive, with a typical weekly cost of $620, which has risen $300 since 2011.

Working from home is very common, with 40.1% of the workforce doing so. While there are many public transport stops relative to the population, no one reports commuting to work by public transport.

The population is highly mobile, with 77.3% of residents having moved in the last five years. This is far above the national average and is partly explained by the 18.2% who recently arrived from overseas.

Full-time employment is very high at 69%, far above the national figure. Most residents work as professionals or managers, with a low unemployment rate of 2.8%.

The area is ranked among the most advantaged in the nation, with a top score for education and job skills. Population growth since 2021 has been far above the state average.

The area receives much more rain than the state average, with 1,328mm annually. Minimum temperatures are also well above the New South Wales average.

Most homes are within a short walk of a park, school, or transport stop. However, walkability is hampered by a lack of nearby groceries and health services, which are far below state levels.

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