Suburb Profile Report for Banksia Park SA (5091)

Banksia Park House: Median price $380,750, Annual capital growth 3.79%, Number of sales 67, Weekly median advertised rent $353

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Banksia Park is in the bottom 40% in SA when comparing median price capital growth over the last year. Banksia Park gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.20%.

Comparing Banksia Park,5091 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Banksia Park, 5091 is offering SA ‘s 270th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this SA.

Often selling an investment property can take time, and in Banksia Park the average time real estate has been on the market is 51.06 days.

Using the current median advertised rental of $352.5 and the average annual increase in value of a median property of 3.79%, investors should hope to achieve an overall return of 4.81%

HOUSE UNIT
$380,750 N/A
0.20% N/A
0.20% N/A
3.79% N/A
$353 N/A
67 N/A
4.81% N/A
51.06 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3237
Median household income ($/weekly) 1309
Median age of persons 40
Median housing loan repayment ($/monthly) 1517
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 386 11.9
    35-44 years 458 14.1
    45-54 years 407 12.6
    55-64 years 452 14.0
    65-74 years 383 11.8
    Others 1151 35.6
    Age Group
    Census Count Percent(%)
    Registered Married 1453 57.7
    Not Married 836 33.2
    Defacto Relationship 230 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2474 77.8
    Greece 46 1.4
    New Zealand 27 0.8
    United Kingdom 446 14.0
    Other 49 1.5
    Others 139 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 12 0.4
    Christianity 1959 65.7
    Hinduism 11 0.4
    Other Religious Groups 9 0.3
    No Religion 984 33.0
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 115 10.4
    $800-$999 127 11.5
    $1,000-$1,249 112 10.1
    $1,500-$1,999 181 16.3
    $2,000-$2,499 139 12.5
    Others 435 39.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1031 39.5
    Not in the labour force 867 33.3
    Employed, worked part-time 529 20.3
    Employed, away from work 103 4.0
    Unemployed, looking for work 77 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 166 10.0
    Professionals 324 19.5
    Technicians & trades workers 326 19.6
    Clerical & administrative workers 291 17.5
    Sales 165 9.9
    Others 389 23.4
    Occupation
    Census Count Percent(%)
    Pre-school 37 5.3
    Infants/Primary 290 41.4
    Secondary 174 24.8
    Technical or Further Educational Institution 69 9.8
    University or other Tertiary Institutions 109 15.5
    Others 22 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3138 99.9
    Flat, unit or apartment 3 0.1
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 583 48.3
    Fully owned 511 42.3
    Rented 107 8.9
    Other tenure type 7 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals