Banksia Park

POSTAL CODE: SA, 5091
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 38.02% 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 $845,000

The augmented property values in the suburb are trailing above the territorial average of 10.06% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $590.

Home owners selling their properties and realtors in BANKSIA PARK usually have to wait an average of 36 days days before their assets are lifted off the market.

The SA suburb ranks 189th on the list of best yielding suburbs for rental properties in SA, posting a 3.63% return.

It also places places 36th in Australia based on median property value growth during the quarter.

Surburb overview

Banksia Park, located approximately 20 kilometres northeast of Adelaide's central business district, is a suburban area known for its family-friendly environment and abundance of green spaces. It falls within the City of Tea Tree Gully, a local government area that manages several residential suburbs nestled in the foothills of the Adelaide Hills. The suburb has a population of around 3,300 residents, with a demographic that includes families, young professionals, and retirees who appreciate the suburb’s peaceful atmosphere and proximity to nature.

Public transportation in Banksia Park is well-serviced by Adelaide Metro buses, offering convenient connections to the Adelaide CBD and surrounding suburbs. The suburb is also easily accessible by car, with major roads such as Hancock Road and Lower North East Road providing direct routes to the city and other parts of the metropolitan area. This makes commuting straightforward for those who work in the city but prefer to live in a quieter, more suburban environment.

Banksia Park is home to several key amenities, including local shops, cafes, and essential services that cater to the daily needs of its residents. The suburb is close to the Tea Tree Plaza shopping centre, one of the largest retail hubs in the northeastern suburbs, offering a wide range of shopping, dining, and entertainment options. Educational facilities in the area include Banksia Park Primary School and Banksia Park International High School, making the suburb a popular choice for families with school-aged children.

The suburb is renowned for its green spaces and recreational opportunities. The nearby Anstey Hill Recreation Park offers residents access to extensive walking and cycling trails, along with opportunities for wildlife observation and enjoying the natural environment. Additionally, Banksia Park has several local parks, including Banksia Park Reserve, which features playgrounds, sports fields, and picnic areas, providing ample opportunities for outdoor activities.

Banksia Park’s combination of suburban tranquility, access to amenities, and proximity to both natural reserves and the city makes it a desirable location for a wide range of residents. The suburb’s leafy streets, community-oriented atmosphere, and connection to the Adelaide Hills contribute to its appeal as a peaceful and well-connected place to live in the northeastern suburbs of Adelaide.

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