In five short years the suburb of Campbelltown grew by 20 per cent, positioning itself as one of the suburbs driving the Macarthur region’s rapid growth.
According to the latest Census results, Campbelltown now boasts a population of 12,566 compared to 10,400 residents in 2011.
But that’s not the only interesting factor of this diverse suburb of greater Sydney. So let’s delve further into its unique attributes by shining a spotlight on Campbelltown…
Who lives in Campbelltown
With a median resident age of 35, Campbelltown’s population is diverse in its demographics, with children and older residents equally represented. It comprises a population of 51.2% females and 48.8% males.
Over 17.5% per cent of the population is children aged under 15, while a further 17.9% is people aged over 65.
Of those aged over 15, 40.9% of residents are married, 14.6% are divorced or separated and 37.4% of the population has never been married. Most residents (64.8%) live in a family household, 31.4% live alone, and just 3.8% live in share accommodation.
Those family households show a marginal majority are couples with children (38.4%), and on average they have 1.8 children each. This indicates a small drop on 2011 when the average number of children per household was 1.9.
Slightly less of the current family households are couples without children (37.2%), while single parent homes make up 22.2%.
How Campbelltown residents fare financially
Campbelltown residents are doing better on the financial front than they were five years ago, but still fall short of the national median.
The median household income is $1206 a week. That’s $280 below the state median, and $232 beneath the national figure, but represents a rise on 2011 when the median weekly income was $993.
And like most regions, some residents are much better off than others. Over 8% of residents have a gross weekly income of above $3000. That too is a rise on 2011 when just 5% received more than $3000 a week.
For most residents a portion of that will go to a mortgage or paying rent. Mortgage payments have remained stead at $1733 per month since 2011, but those renting are taking a greater hit. In 2011 the median weekly rental was $260 but in five short years has risen to $360.
How residents live
Over 1000 private dwelling have been built in Campbelltown since 2011, taking the current housing stock to 5414. And chances are if you live there you represent the Australian dream, with most properties (54.3%) being stand-alone homes. That’s decreased a little since 2011, when 60.3% of the housing stock was separate homes.
The main change over the past five years has been an increase in the number of flats, with the statistic rising from 21.6% of dwellings in 2011 to 25.9% in 2016.
This rise has also impacted the average dwelling sizes. In 2011 the majority of properties (44.5%) were three-bedroom homes, 26.8% of dwellings were two-bedroom properties, while 21.5% were four bedrooms or more.
In 2016 the majority of homes are still three-bedroom properties at 37.4%, but two-bedroom dwellings are close behind at 32.3%, while homes with four bedrooms or more now comprise only 20.6% of the market.
And a narrow majority of these homes are either owned outright or owned with a mortgage. Twenty-three per cent of residents own their property outright, 24.2% of residents are paying a mortgage, and 45.2% rent their home.
These figures show a significant increase in the rental market in the past five years, with only 39% of residents renting in 2011, while 31.3% owned their property with a mortgage and 24.2% owned their home outright.
The final word
Like many Macarthur regions, the suburb of Campbelltown is growing. It accommodates a wide variety of residents from all walks of life and age sectors.
Meanwhile, the increase in unit housing stock, the rise in the number of residents renting, and the increase in the median rental price, show this is an appealing area for those looking beyond the immediate confines of Sydney.
And with further development on the cards, it’s arguably a suburb to be considered on the property investment radar.
About United Strata
United Strata specialises in real estate within the Macarthur region. We boast a wealth of insight into the current and future position of property in the region.