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Banksia suburb profile

Banksia is a charming suburb located in the southern part of Sydney, approximately 12km from the CBD. Known for its peaceful residential streets and community-oriented atmosphere, Banksia offers a mix of classic and modern homes. The suburb is well-served by public transport, with Banksia railway station providing easy access to the city and surrounding areas. Local amenities include parks, schools, and shopping options, contributing to its appeal for families and professionals. Its proximity to the vibrant hubs of Rockdale and Brighton-Le-Sands adds to the convenience and lifestyle options available to residents.

Banksia property market performance

Banksia's property market has shown varied trends, with house values increasing by 7.2% while unit values remained unchanged over the past 12 months. Despite market developments, no recent median prices are reported for houses or units. Sales numbers were modest, with 8 houses and 4 units sold recently, though the exact days on market data is unavailable.

The rental market in Banksia saw significant changes, especially for units. The average rent for houses remained stable, whereas unit rents spiked by 18.2%, indicating a strong demand for rental properties over the last year.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
9.7%N/A
Sold
Past 3 months
83
Median days on market
Past 12 months
N/AN/A
Average rent
Past 12 months
$850$650
Change in rent
Past 12 months
N/A14.0%

5 year median price trend for houses and units

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Banksia demographics

Banksia, a suburb located in the southern part of Sydney, offers a blend of suburban tranquility and urban convenience. With a population of 3,277, it is a close-knit community that appeals to families and long-term residents. The median age of 41 suggests a mature population, with many families choosing to settle here due to its family-friendly environment and proximity to essential amenities.

The suburb's housing landscape is characterized by a high rate of home ownership, with 39.2% of properties owned outright and 37.7% owned with a mortgage. This indicates a stable community with a significant number of long-term residents. Only 23.1% of properties are rented, reflecting a preference for home ownership among the residents. The median total household income of $2,018 per week suggests a comfortable standard of living, supporting the suburb's appeal to middle-income families.

Family dynamics in Banksia are diverse, with 47.2% of families being couples with children, highlighting the suburb's appeal to those raising families. Additionally, 33.5% of families are couples without children, and 17.5% are one-parent families, indicating a variety of family structures. The presence of parks, schools, and local shops contributes to a community-oriented lifestyle, making Banksia a desirable location for those seeking a balanced and fulfilling suburban life.

Suburbs near Banksia

Some popular suburbs near Banksia include:

  • Rockdale: Known for its bustling commercial area and diverse community, Rockdale is located directly north of Banksia.
  • Arncliffe: Featuring a mix of residential and industrial areas with a rich history, Arncliffe lies to the northwest of Banksia.
  • Bexley: Known for its family-friendly atmosphere and heritage homes, Bexley is situated to the west of Banksia.
  • Bardwell Valley: Offering scenic parks and a peaceful environment, Bardwell Valley is located to the southwest of Banksia.
  • Turrella: Known for its green spaces and proximity to Wolli Creek, Turrella is situated to the northwest of Banksia.

How does Banksia compare to nearby suburbs?

  • Median house prices: Banksia’s median house price is 9.0% higher than Rockdale’s.
  • House price growth: Over the past 12 months, house prices in Banksia have grown 1.1% higher than in Rockdale.
  • Investment considerations: In Banksia, the rental yield for house is 6.7% lower than the Sydney average, while the rental yield for units is 19.8% lower.
  • House price growth: Over the past 12 months, house prices in Banksia have grown 1.6% lower than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Banksia have grown 30.0% lower than the average rate of growth for units across Sydney.

Choose the right real estate agents in Banksia

There are 23 real estate agents in Banksia, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 53.3% of all sales in the past year.

Commission rates in Banksia typically range from 1.58% to 2.14%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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