Booming Bankstown.

It is the city known warmly for its multiculturalism and a true representation of what being a so called Australian is all about. The acceptance for who people are and no judgement of ethnicity, culture or religion. Situated South-West of Sydney, New South Wales, is the beautiful Bankstown.

The Bankstown City of Residency consists of the Bankstown City and its Central Business District (CBD) and some of the following surrounding suburbs, Bass Hill, Lansdowne, Birrong, Regents Park, Potts Hill, Chester Hill, Condell Park, Bankstown Aerodrome, Georges Hall, Greenacre, Mount Lewis, Chullora, Milperra, Padstow, Padstow Heights, Panania, East Hills, Picnic Point, Punchbowl, Revesby, Revesby Heights, Sefton, Villawood and Yagoona.

Anyone having ever stepped foot in Bankstown, would know of what this amazing city has to offer. This diverse community has a lot to offer not only for the locals but as well as visitors, from Transport (including Bankstown Airport), to Educational, sporting and health facilities, parks, a velodrome, local shopping centres, not to mention its highly well respected Central Business District and of course, the evolving. and expansion of housing developments.

Research established from the 2011 Census shows that 38.2% of Bankstown’s population were born in Australia with the remainder from an overseas birth place. It was proven that a vast majority of people that live in the community were to be from Vietnam, Lebanon, China, Former Yugoslav Republic of Macedonia, Pakistan, New Zealand, India, Greece, Philippines, Iraq, Egypt, Bangladesh, Indonesia and Italy. With a variety of religions were shown to have made up Bankstown with a greater outcome of Islam religion followed by Catholic, Buddhism, Religious affiliation not stated, no religion, Eastern Orthodox, Anglican, Hinduism, Uniting Church and Baptist.

“The Bankstown City population forecast for 2015 is 195,481, and is forecast to grow to 217,977 by 2031.”

Statistics provided from population experts on Bankstown City’s current residency stands at an estimated. figure, 195,481, as of 2015.

This is a major development not only for Bankstown’s residency but also the local economy. It provides an opportunity for more housing developmental opportunities to arise for both contractors and buyers, whether it would be for new housing estates or in pre-existing residential areas within this rapidly progressing city.

The household structures amongst the Bankstown community consist of Couple families with dependents, Couples without dependents, Group households, Lone person households, one parent families, and other families.

Contributions to Bankstown’s population growth can be natural causes such as the increase numbers of birth and death within the community, but as well as the less percentage of decrease. Net migration, and the change in area, new families or couples that decide to invest in the area.

Statistics from the Census of 2011 prove that. 52.7% of people within the Bankstown Community are married, 29.3% are single, 9.3% are to be divorced and 4.1% are separated, with a total number of 1081 people living in Bankstown widowed.

Statistics from the Census of 2011 prove that residents living in Bankstown that 23.4% of those own their own home, with purchased home loan mortgages being in the process at 29.0%, with a large amount of people who rent at 43.1%.

Figures also show that the average working individual earns an average $377.00 per week, leaving the average income for a household at $950.00 per week. Those numbers aside, the average rent being payed living in Bankstown is at $330.00 on a weekly basis, leaving an average mortgage payment at $1733.00 per month.

People living amongst Bankstown and their main occupations. 17.7% Professionals, 14.8% Clerical and administrative workers, 14.0% Technicians and Trades Workers, 12.6% Labourers, 11.2% Machinery operators and drivers, 9.6% Community and personal service workers, 9.4% Sales workers, 7.6% Managers and 3.0% Occupations not stated.

Figures show people living amongst Bankstown and the industries they work in are 13.3% Manufacturing, 11.8% Retail Trade, 11.0% Health care and social assistance, 8.3% transport, postal and warehousing, 6.9% Accommodation and food. services, 6.4% construction, 5.4% wholesale trade, 5.1% professional, scientific and technical services and financial and 4.9% insurance services.

And it does not stop here.

As figures show that the residential Bankstown does not seem to be slowing down any time soon, this leaves the City of Bankstown no choice but to expand. From the construction of new housing estates to the subdivisions of existing residential properties, the use of industrial lands and convert them to residential blocks. In order to achieve greater density there is no other option but to build up (sky rise apartment blocks).

Estimations show the community of Bankstown is set to skyrocket to a massive population of 217,977, by 2031.

| Olivia Cvetanovski |

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