Banksia Park SA 5091

Here you can find what you need to know about Banksia Park, SA, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$390k Median Sale Price (National Average $485k) 469th In SA
-2.86% Median Price Change (1 yr) (National Average 4.30%) 1193rd In SA
$360pw Median Rent (National Average $395) 331st In SA
4.8% Median Gross Yield (National Average 4.24%) 288th In SA
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Properties sold 49
Average discounting -5.87%
Average Days on Market 62
Stock on Market 10 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Banksia Park, SA National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Banksia Park, SA National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Banksia Park, SA National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Banksia Park


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State Auction Clearance Rates - January 2019

Auctions Clearance rate
SA 22 47%
ACT 6 50%
NSW 26 47%
NT 1 0%
QLD 27 19%
TAS 2 0%
VIC 36 29%
WA 10 20%

Local Schools


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Suburb Information

Banksia Park, SA 5091

Part of: Tea Tree Gully Council No data available

The size of Banksia Park is approximately 2.8 square kilometres. It has 10 parks covering nearly 11.2% of total area. The population of Banksia Park in 2011 was 3,237 people. By 2016 the population was 3,262 showing a population growth of 0.8% in the area during that time. The predominant age group in Banksia Park is 30-39 years. Households in Banksia Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Banksia Park work in a professional occupation. In 2011, 89.1% of the homes in Banksia Park were owner-occupied compared with 88.6% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Banksia Park

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Banksia Park   for Houses in last 12 months


There have been 49 Houses sold in Banksia Park in the past 12 months with a median sale price of $390K, up -3.29% annually. It takes on average 58 days to sell with vendor discounting of -5.46%.

Streets in Banksia Park


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