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Banksia Grove
AREA REPORTS

Banksia Grove

Banksia Grove - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6031

house

Property investments in BANKSIA GROVE did not fare well against the rest of the country last year, registering a median home price decrease of 10.39%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains BANKSIA GROVE, 6031 saw average growth in the long term.

Real estate investors could earn a rental income of $440 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 22.7 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $425,000.

BANKSIA GROVE ranks 89th on the list of best yielding suburbs for rental properties in WA, posting a 5.38% return.

Data report can be found below

Banksia Grove
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $425,000 N/A
GROWTH REPORT
Median Quarterly 1.19% N/A
Median 12 month 10.39% N/A
Median 3 years 17.24% N/A
Median 5 years 11.84% N/A
10 years average annual 2.46% N/A
Weekly media advert. rent $440 N/A
Time on Market 22.7 days N/A
Gross Rental Yield Percent 5.38% N/A
demographics (median values)*
Total Population
16624
Weekly Household Income
1902
Household Size
3.10
Age
30
Monthly Loan Repayment
2123
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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