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Banksia, NSW 2216

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Banksia, NSW 2216 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Banksia, NSW 2216”

  1. The total adult population (15 years or older) of Banksia 2216 NSW is 2,718, with a median age of 41. Of those, 51.07% are married, 10.71% are divorced or separated, 32.78% are single and 5.30% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,696. The median monthly mortgage repayment for households in this suburb is $2,500 which is 28.75% of their earnings.

    Source: ABS Census Data (2021)

  2. The vibrant suburb of Banksia 2216 is tucked away in the dynamic state of NSW, Australia. This snug suburb is home to approximately 1,263 households. As of the third quarter of 2023, investing in Banksia’s burgeoning property market looks extremely promising. The typical house price in Banksia currently stands at a substantial $1,361,665. Moreover, these properties promise a median weekly rent of $656. On the return on investment front, these aforementioned attributes translate into an indicative yield of approximately 2.51%, which is just shy of the prevailing minimum attractive market yield of 3% for property investors focused on cash flow.

    Banksia prides itself in boasting a significant IRSAD score of 1023 out of a possible 1217. This score attests to the suburb’s strong socio-economic fabric and the privilege of its residents to access a fare share of economic resources.

    Further underlining Banksia’s attractiveness as a choice for property investment is its favourable renter to owner ratio of 23%. This is well below the 30% threshold, hence, it is within the range considered as the sweet spot for potential investment. Additionally, the units to houses ratio is commendably low at 15%, suggesting less competition amongst landlords for tenants and thus, higher potential for rental yields.

    However, Banksia’s affordability index stands at 61 years, which is higher than the standard 30-year mortgage assumption. This suggests a decreased affordability in this area. Despite this, the stock on market percentage for houses in Banksia sits at a desirable low of 0.18%, indicating a favourable supply situation. The inventory level for houses is strikingly low at 0.65 months, further underlining the favourable supply situation. Also, the building approvals ratio is at an agreeable 0.53%.

    In terms of demand metrics, houses in Banksia sell significantly faster than the norm, with an average of only 19 days on the market. This is less than 35 days threshold for high demand, indicating a favourable demand. With a vacancy rate of just 1.4%, Banksia clearly ticks the box of high demand, where less than 1% is considered high demand. Lastly, Banksia enjoys a neutral buy search index of 5, indicating a balanced level of demand.

    To summarise, while Banksia’s property market does not come without its challenges mainly in affordability, majority of the other metrics lie in favourable areas, making Banksia an attractive prospect for potential investors. It’s always of immense value to stay informed on the data to leverage potential capital gains and positive cash flow opportunities. As such, making use of tools such as the RCS metric by HtAG Analytics, which consolidates over 80 metrics, could be of great benefit to investors scouting in Banksia.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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