Banksia Park is a smaller suburb in South Australia within the Tea Tree Gully local government area (postcode 5091). With a population of 3,346, the suburb has an established demographic with a median age of 41. Households earn a median income of $94K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Banksia Park is $880,000, having surged 18.9% over the past year. The current median weekly rent is $580. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,550.
Banksia Park is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1023, which is around the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Tea Tree Gully LGA is below average at 2,750 incidents per 100,000 population.
From an investment perspective, Banksia Park offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($880K/$950K). The price-to-income ratio of 9.4x is considered moderate. House prices have moved +18.9% year-on-year.
Banksia Park is a smaller suburb in South Australia within the Tea Tree Gully local government area (postcode 5091). With a population of 3,346, the suburb has an established demographic with a median age of 41. Households earn a median income of $94K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Banksia Park is $880,000, having surged 18.9% over the past year. The current median weekly rent is $580. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,550.
Banksia Park is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1023, which is around the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Tea Tree Gully LGA is below average at 2,750 incidents per 100,000 population.
From an investment perspective, Banksia Park offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($880K/$950K). The price-to-income ratio of 9.4x is considered moderate. House prices have moved +18.9% year-on-year.