Average rent in Banksmeadow, NSW — 2026

Banksmeadow is part of the Bayside (NSW) council area and sits 10km out from the Sydney CBD, with around 508 residents at the 2021 ABS Census. Renters here typically pay $620/week, which is above the New South Wales median of $424/week. About 60% of households rent — the rest are owners or paying down a mortgage.

$620/wk

ABS 2021 Census median

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Suburb at a glance

Population
508

ABS 2021

Median age
33
Distance to Sydney
10 km
Households renting
60%
Separate houses
4%
Flats / apartments
83%
Born overseas
50%
Top occupation
Professionals
LGA
Bayside (NSW)

Renting in Banksmeadow

Banksmeadow sits well above the New South Wales median, with the typical renter paying $620/week — that's 46% over the state-wide $424/week (ABS Census 2021). It's a renter-heavy suburb at 60%, and the housing stock leans hard into apartments and flats (83%) — the high-density profile you'd expect from inner-Sydney. About 50% of residents were born overseas, and the most common occupation category is Professionals. At 10km from the Sydney CBD, the rent premium tracks proximity to jobs, transit, and lifestyle. If you're applying here, expect competition and fast market times. State rent indices (CoreLogic, Domain, SQM) suggest the 2021 baseline is already well out of date — your reported figure above is the live read.

Frequently asked questions

What's the median rent in Banksmeadow?+
According to the ABS 2021 Census, the median weekly rent in Banksmeadow, NSW was $620. The live figure at the top of this page reflects what RenterSay users have reported more recently. State-wide rent indices suggest the 2021 number is by now well behind current asking rents — use it as a baseline, not a quote.
How does Banksmeadow rent compare to New South Wales?+
At the 2021 Census, New South Wales's state median rent was $424 a week. Banksmeadow sat at $620 — 46% above the state average. The suburb is 10km from Sydney, and rent generally scales with how close you are to the CBD, transit links, and the local dwelling mix (4% separate houses, 83% flats here).
Which suburbs near Banksmeadow have lower rent?+
Nearby suburbs with lower median rents than Banksmeadow's $620/week (ABS 2021) include Turramurra, Rouse Hill - Beaumont Hills, Baulkham Hills (West) - Bella Vista. Newport - Bilgola, Sydenham - Tempe - St Peters, Balmain sit above. Bear in mind that lower nominal rent doesn't always reflect better value once you factor in commute time, transit access, and housing condition — the rent submission form below lets you contribute to the live picture for your area.

Nearby suburbs in NSW

Eastwood

$450/wk

Mascot

$600/wk

Homebush

$450/wk

Port Botany Industrial

$1200/wk

Belrose

$885/wk

Castle Cove - Northbridge

$850/wk

Renting in NSW?

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