2. WA
  3. Wanneroo

Banksia Grove WA 6031

Houses Units

Here you can find what you need to know about Banksia Grove, WA, 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

$590K Median Sale Price (National Average $485k) 334th In WA
20.41% Median Sale Price Change (1yr) (National Average 4.30%) 206th In WA
$649pw Median Rent (National Average $395) 207th In WA
5.7% Median Gross Yield (National Average 4.24%) 81st In WA
Properties sold 291
Average discounting -0.92%
Average Days on Market 12
Stock on Market 92 for sale

Investment Strategy Scores

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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 Grove, WA 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 Grove, WA 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 Grove, WA 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 Grove


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Banksia Grove, WA 6031

Part of: Wanneroo Council No data available

The size of Banksia Grove is approximately 4.7 square kilometres. It has 11 parks covering nearly 4.8% of total area. The population of Banksia Grove in 2011 was 4,718 people. By 2016 the population was 9,373 showing a population growth of 98.7% in the area during that time. The predominant age group in Banksia Grove is 30-39 years. Households in Banksia Grove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Banksia Grove work in a trades occupation. In 2011, 76.1% of the homes in Banksia Grove were owner-occupied compared with 75.1% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Banksia Grove

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Banksia Grove   for Houses in last 12 months


There have been 291 Houses sold in Banksia Grove in the past 12 months with a median sale price of $590K, up 20.4% annually. It takes on average 7 days to sell with vendor discounting of -0.9%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Banksia Park SA, 5091 10.57% $680,000 $550pw 4.2% View Suburb Profile
Carisbrook VIC, 3464 8.57% $475,000 Unavailable Unavailable View Suburb Profile
Enfield SA, 5085 10% $726,000 $620pw 4.4% View Suburb Profile
Carramar WA, 6031 22.93% $805,800 $740pw 4.8% View Suburb Profile
Parkville VIC, 3052 -5.30% $1,800,000 $785pw 2.3% View Suburb Profile
Yahl SA, 5291 Unavailable $815,000 Unavailable Unavailable View Suburb Profile

Currency

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