AREA REPORTS

Banksia Park

SA/
Banksia park

Suburb Profile

Banksia Park - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5091

house

A steady increase in median property prices over a five-year period in the suburb translates to a 1.8% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $382,000

The augmented property values in the suburb are trailing behind the territorial average of 2.5% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $357.

Home owners selling their properties and realtors in BANKSIA PARK usually have to wait an average of 61.8 days days before their assets are lifted off the market.

The SA suburb ranks 118th on the list of best yielding suburbs for rental properties in SA, posting a 4.86% return.

It also places places 331st in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $382,000 N/A
GROWTH REPORT
Median Quarterly -2.68% N/A
Median 12 month -4.86% N/A
Median 3 years 1.8% N/A
Median 5 years 8.52% N/A
10 years average annual 1.84% N/A
Weekly media advert. rent $357 N/A
Time on Market 61.8 days N/A
Gross Rental Yield Percent 4.86% N/A
demographics (median values)
Total Population
3399
Weekly Household Income
1108
Household Size
2.70
demographics
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