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Banksia Park, SA 5091

Home » SA Real Estate Data » City of Tea Tree Gully, SA » Banksia Park, SA 5091

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 Park, SA 5091 located in Adelaide 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 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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Yield 

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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 Park, SA 5091”

  1. The total adult population (15 years or older) of Banksia Park 5091 SA is 2,703, with a median age of 41. Of those, 53.68% are married, 10.40% are divorced or separated, 31.37% are single and 4.48% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,376. The median monthly mortgage repayment for households in this suburb is $1,550 which is 18.51% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in South Australia, the suburb of BANKSIA PARK 5091 houses an estimated 1432 households. By the Q3 of 2023, the typical price for houses in BANKSIA PARK is an attractive $673,598, with a median weekly rent set at $448. This generates an indicative yield of a profitable 3.46% – well above the minimum market requirement of 3% attractive to cashflow-centred property investors.

    On a socio-economic scale, BANKSIA PARK scores a high 1005 out of 1217, indicative of a good socioeconomic status of the locality. Additionally, the suburb maintains a favourable renter to owner ratio of just 11%. Similarly, the units to houses ratio sits comfortably at 0% indicating no over-saturation of the market, offering less competition among landlords for tenants and thereby maintaining higher rental yields.

    Despite the years to own a property in BANKSIA PARK hovers at the borderline with an affordability index of 31 years, it is important to consider other strong factors making the suburb an appealing property investment.

    The supply metrics are in a favourable range. The stock on market Percentage is at a low 0.14% and the inventory level is at a mere 0.47 months. BA Ratio for houses stands at the favourable 0.63% marking low upcoming supply.

    Additionally, the average days on market for houses is only 19, well below the high-demand threshold of 35 days. This, coupled with a low vacancy rate of 0.66% for combined units and houses and a buy search index of 5, signify high demand conditions – solid indicators for any seasoned property investor.

    The statistics for BANKSIA PARK 5091, while having a slightly on-the-edge affordability index, present overall favourable conditions for investing. Remember, while each metric has its importance, the overall, combined reading of all metrics is what truly determines the potential appeal of a property market. The HtAG’s RCS (Relative Composite Score) does this precisely, analysing over 80 metrics and beyond for a comprehensive and accurate property investment insight.

    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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