AT A GLANCE
8
total lots in this scheme
Managed by W.T. Newey & Company Pty Ltd. Located in Padstow, NSW. 135 other strata plans nearby
Lots
8
Year built
1997
Last report
—
Boundary sourced from NSW Spatial Services (StrataHub).
About this building
40 Banks Street is an 8-lot residential strata scheme in Padstow, registered in 1997 and now about 28 years old. It is managed by W.T. Newey & Company Pty Ltd and is one of 136 strata plans in Padstow (Canterbury-Bankstown council area). Every unit at 40 Banks Street (lots 1–8) is part of strata scheme SP56219, so the levies, by-laws and disputes below apply to all of them. We found no NCAT tribunal decisions naming SP56219.
Buyer's snapshot
Everything a buyer should know about 40 Banks Street, on one page
- A red/amber/green verdict on each risk, with the evidence
- Plain-English summaries of every tribunal and court case
- Questions to ask the agent and strata manager
- A PDF you can forward to your conveyancer
Plan Details
- Plan Number
- SP56219
- Registered
- 1997-12-17
- LGA
- CANTERBURY-BANKSTOWN
- Postcode
- 2211
Lot Breakdown
- Total Lots
- 8
- Residential
- 8
Building Age
28
years old
Registered 17 December 1997
Significant capital expenditure expected — plumbing, electrical, facade repairs. Special levies are common for buildings this age
Strata Manager
Licence: 10061160
Last AGM: 14 May 2025
Possibly overdueAbout 1 year agoNSW strata schemes must hold an AGM at least once every 12 months.
Annual Reporting
22 May 2025
Status
active
Disputes in Padstow
No published NCAT or court decision names a strata plan in Padstow — including this building. That is not the same as no disputes: most strata disputes settle or are decided without a published judgment, and only decisions that name a plan number can be matched to a building at all.
Comparable Buildings in Padstow
Other strata plans in the same suburb, ordered by similarity in building size.
| Building | Lots |
|---|---|
| 49 Cahors Road SP50307 Managed by Westside Management Pty Ltd | 8 |
| 115 Davies Road SP51551 Managed by Austrata Management Pty Ltd | 8 |
| 101-103 Virginius Street SP79726 Managed by Strata Schemes Management Pty Ltd | 8 |
| 5 Bryant Street SP46936 | 8 |
| 54 Fairford Road SP46645 | 8 |
| 10 Raine Road SP61769 Managed by Strata Experts Pty Ltd | 8 |
Comparables are other strata plans in Padstow with similar lot counts.
More buildings managed by W.T. Newey & Company Pty Ltd
- 45 Virginius Street, Padstow
SP35450 · 10 lots
- 18 Glendale Avenue, Padstow
SP56609 · 3 lots
- 75 Alma Road, Padstow
SP63343 · 3 lots
- 10A McEvoy Road, Padstow
SP49678 · 2 lots
- 1 Quarry Close, Yagoona
SP62303 · 28 lots
- 3 West Terrace, Bankstown
SP65459 · 23 lots
Risk & History
Sales History
Recent Sales
| Date | Unit | Price |
|---|---|---|
| 13 Dec 2023 | Lot 2 | $1,057,000 |
| 5 Dec 2016 | Lot 3 | $315,000 |
| 22 Aug 2014 | Lot 8 | $580,000 |
| 8 July 2010 | Lot 1 | $480,000 |
| 11 Dec 2009 | Lot 4 | $220,000 |
| 11 May 2007 | Lot 7 | $398,000 |
| 30 June 2006 | Lot 1 | $400,000 |
| 12 May 2003 | Lot 2 | $410,000 |
| 9 Mar 2003 | Lot 8 | $387,500 |
| 12 Apr 2001 | Lot 7 | $288,000 |
Source: NSW Valuer General. Prices are as reported in settlement data and may not reflect current market values. Sales marked “Price withheld” are excluded from price calculations.
Development History
Original Construction · 2 dwellings
Estimated cost: $5K · Assessed by Canterbury-Bankstown Council
Development Application
Pending LodgementNearbyDwelling house, Change of use of land or a building or the classification of a building under the Building Code of Australia, Dual occupancy (attached), Residential Accommodation
PAN-685974
Development Application
DeterminedNearbyDemolition, Erection of a new structure, Co-living
PAN-538027
Development Application
DeterminedNearbyDual occupancy, Subdivision of land
PAN-98628
Looking for the builder or developer?
Search for the application number (e.g., PAN-685974) on the NSW Planning Portal Application Tracker to view the full DA details, including the applicant, builder, and principal certifier.
Source: NSW Planning Portal Open Data API (2019+). Earlier development applications may not be available. Items marked "Nearby" were matched by location proximity (within 100m) rather than direct plan number reference.
Neighbourhood
Suburb Profile
PADSTOW, NSW 2211
Transport Accessibility
Transport Score: A
Excellent public transport access
Nearest Train
Padstow
381m away · ~5 min walk
Bus Stops
13 within 500m · 42 within 1km
Source: Transport for NSW GTFS data (CC BY 3.0 AU). Distances are straight-line (not walking). Walking times assume 80m/min. Transport Score is indicative only.
Short-Term Rentals Nearby
2
Listings within 200m
$187
Median / Night
0
Commercial Hosts
Listing Types
Nearest Listings
Private Room near Station to Sydney CBD & Airport
$55
/night
4Bed4Bath Modern Home Near Train Station
$318
/night
NSW Short-Term Rental Rules
- •180-day cap for non-hosted short-term rentals in Greater Sydney (60 days in some fire-prone or Byron Shire areas)
- •Strata schemes can ban non-hosted STRA via a Section 137A by-law (requires 75% special resolution)
- •All STR properties must be registered on the NSW STRA Register
Source: Inside Airbnb (CC BY 4.0). Data is from a periodic scrape of Airbnb listings and may not be current. "Commercial hosts" are those with 3+ total listings. "High availability" = listed 180+ days/year.
School Catchment Zones
This property falls within the following NSW government school intake areas.
Primary
Padstow NPS
primary
Secondary
East Hls BHS
high boys
East Hls GTHS
high girls
Sir Joseph Banks HS
high coed
Source: NSW Department of Education. Catchment zones are updated nightly and subject to change. Visit School Finder for official information.
BUILDING BASICS
- Lots
- 8
- Residential
- 8
- Year built
- 1997
- LGA
- CANTERBURY-BANKSTOWN