Banksia

An assessment of population growth drivers in Banksia reveals an overall ranking slightly below national averages considering recent, and medium term trends

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, Banksia's population is estimated at around 3,844 as of Nov 2025. This reflects an increase of 567 people (17.3%) since the 2021 Census, which reported a population of 3,277 people in the Banksia statistical area (Lv2). The change is inferred from the resident population of 3,794 estimated by AreaSearch following examination of the latest ERP data release by the ABS on Jun 2024 and an additional 1 validated new address since the Census date. This level of population equates to a density ratio of 4,004 persons per square kilometer, which places Banksia in the top 10% of national locations assessed by AreaSearch, indicating high demand for land in the area. Banksia's growth of 17.3% since the 2021 Census exceeded both the SA4 region (7.5%) and the state, positioning it as a growth leader in the region. Overseas migration contributed approximately 88.0% of overall population gains during recent periods, driving primary growth for the area.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered by this data, AreaSearch utilises NSW State Government's SA2 level projections released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Future population dynamics anticipate above median growth, with Banksia expected to grow by 931 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 20.5% in total over the 17-year period.

Residential development activity is slightly higher than average within Banksia when compared nationally

AreaSearch analysis of ABS building approval numbers in Banksia shows approximately 7 residential properties granted approval annually. Over the past five financial years, from FY21 to FY25, around 36 homes were approved, with one more approved so far in FY26. This results in an average of 6.9 new residents per year for every home built during this period.

This outpaces supply, typically putting upward pressure on prices and increasing competition among buyers. New properties are constructed at an average value of $410,000. In FY26, $5.5 million in commercial development approvals have been recorded, indicating the area's primarily residential nature. Compared to Greater Sydney, Banksia has significantly less development activity, 63.0% below the regional average per person. This constrained new construction usually reinforces demand and pricing for existing dwellings, though development activity has picked up recently. Nationally, Banksia also reflects lower development activity, suggesting market maturity and possible development constraints. New building activity shows 12.0% detached dwellings and 88.0% townhouses or apartments.

This trend toward denser development provides accessible entry options and appeals to downsizers, investors, and entry-level buyers, marking a significant departure from existing housing patterns which are currently 78.0% houses. Banksia reflects a transitioning market with around 329 people per approval. Future projections show Banksia adding 787 residents by 2041, based on the latest AreaSearch quarterly estimate. Should current construction levels persist, housing supply could lag population growth, likely intensifying buyer competition and underpinning price growth.

Banksia has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

The performance of an area can significantly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified a total of 25 such projects that could impact this particular area. Among these key projects are Northern Georges River Submain Upgrade, Fox Lane Rockdale, 588-592 Princes Highway Mixed-Use Development, and 570 Princes Highway Co-Living Development. The following list details those projects likely to be most relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

AreaSearch analysis of employment trends sees Banksia performing better than 90% of local markets assessed across Australia

Banksia has an educated workforce with professional services well-represented. Its unemployment rate was 1.5% in the past year, with estimated employment growth of 5.4%.

As of September 2025, there are 2,303 employed residents, with an unemployment rate of 2.7%, below Greater Sydney's 4.2%. Workforce participation is 57.9%, compared to Greater Sydney's 60.0%. Key industries include health care & social assistance, professional & technical services, and retail trade. Transport, postal & warehousing shows notable concentration with employment levels at 1.6 times the regional average.

Manufacturing has lower representation at 4.1% versus the regional average of 5.7%. Employment opportunities appear limited locally based on Census data comparison. Between September 2024 and September 2025, employment levels increased by 5.4%, while unemployment remained flat. In Greater Sydney, employment grew by 2.1% over the same period. State-level data to 25-Nov-25 shows NSW employment contracted by 0.03%, with an unemployment rate of 3.9%. National unemployment is 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 indicate total employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Banksia's industry mix suggests local employment should increase by 6.7% over five years and 13.6% over ten years, though these are illustrative extrapolations not accounting for localised population projections.

The area's income profile falls below national averages based on AreaSearch analysis

The suburb of Banksia's income level is below the national average according to the latest ATO data aggregated by AreaSearch for financial year 2023. The median income among taxpayers in Banksia is $47,942 and the average income stands at $60,651. These figures compare to those of Greater Sydney which are $60,817 and $83,003 respectively. Based on Wage Price Index growth of 8.86% since financial year 2023, current estimates for Banksia would be approximately $52,190 (median) and $66,025 (average) as of September 2025. According to the 2021 Census, household income ranks at the 66th percentile ($2,018 weekly), while personal income sits at the 41st percentile. The largest segment comprises 30.9% earning $1,500 - $2,999 weekly (1,187 residents). High housing costs consume 16.5% of income. Despite this, disposable income ranks at the 65th percentile and the area's SEIFA income ranking places it in the 6th decile.

Banksia is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Dwelling structure in Banksia, as evaluated at the Census conducted on 9 August 2016, comprised 77.8% houses and 22.2% other dwellings such as semi-detached homes, apartments, and 'other' dwellings. In comparison, Sydney metropolitan area had 39.8% houses and 60.3% other dwellings. Home ownership in Banksia was at 39.1%, with mortgaged dwellings at 38.1% and rented dwellings at 22.8%. The median monthly mortgage repayment in the area, as of the time of the Census, was $2,500, while the median weekly rent figure was recorded at $500. In comparison, Sydney metropolitan area had median monthly mortgage repayments of $2,383 and median weekly rents of $480. Nationally, Banksia's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

Banksia features high concentrations of group households and family households, with a higher-than-average median household size

Family households account for 77.5% of all households, including 37.3% couples with children, 25.2% couples without children, and 13.6% single parent families. Non-family households make up the remaining 22.5%, with lone person households at 17.4% and group households comprising 4.7%. The median household size is 2.8 people, larger than the Greater Sydney average of 2.6.

Banksia shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Banksia Trail's residents aged 15+ have a university degree qualification rate of 30.4%, compared to the SA3 area's 38.7%. Bachelor degrees are most common at 22.1%, followed by postgraduate qualifications (7.1%) and graduate diplomas (1.2%). Vocational credentials, including advanced diplomas (10.1%) and certificates (18.0%), are held by 28.1% of residents aged 15+. Current educational participation is high at 28.9%, with 9.1% in primary education, 6.9% in secondary education, and 5.8% pursuing tertiary education.

Educational participation is notably high, with 28.9% of residents currently enrolled in formal education. This includes 9.1% in primary education, 6.9% in secondary education, and 5.8% pursuing tertiary education.

Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

The analysis of public transport in Banksia shows that there are currently twelve active transport stops operating within the area. These stops offer a mix of train and bus services. Eight individual routes service these stops collectively providing two thousand eleven weekly passenger trips.

The accessibility of transport is rated as good, with residents typically located two hundred twenty nine meters from their nearest transport stop. On average, there are two hundred eighty seven trips per day across all routes, which equates to approximately one hundred sixty seven weekly trips per individual stop.

The level of general health in Banksia is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions

Banksia shows superior health outcomes for both younger and older age groups, with low prevalence of common health conditions. Approximately 51% (~1958 people) have private health cover, lower than Greater Sydney's 54.1%.

The most prevalent medical conditions are arthritis (6.3%) and asthma (6.1%). About 74.3% report no medical ailments, compared to 77.5% in Greater Sydney. Around 19.3% (~741 people) are aged 65 or over, higher than Greater Sydney's 16.4%. Seniors' health outcomes are notably strong, outperforming the general population in health metrics.

Banksia is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Banksia's cultural diversity is notable, with 45.2% of its population born overseas and 52.4% speaking a language other than English at home. Christianity is the dominant religion in Banksia, accounting for 55.7% of people, while Islam is slightly overrepresented compared to Greater Sydney, comprising 11.0% versus 10.3%. The top three ancestry groups are Other (16.8%), English (12.8%), and Australian (11.9%).

Some ethnic groups show significant differences: Macedonian at 9.5% in Banksia compared to 3.8% regionally, Lebanese at 6.0% versus 5.2%, and Greek at 5.6% versus 8.8%.

Banksia's median age exceeds the national pattern

Banksia's median age is 41 years, notably higher than Greater Sydney's average of 37 and slightly above Australia's median of 38. The 75-84 age group is significantly over-represented in Banksia at 7.1%, while the 25-34 age group is under-represented at 14.0%. Post-2021 Census, the 15 to 24 age group increased from 10.8% to 12.2%. Conversely, the 45 to 54 cohort decreased from 14.2% to 13.3%. By 2041, Banksia's age profile is projected to change significantly. The 45-54 age group is expected to grow by 33%, adding 170 residents to reach 682. Residents aged 65 and older will account for 52% of this growth. Meanwhile, the number of people in the 25-34 age range is projected to decrease.