Banksia

Suburb (SAL)

Greater Sydney / Kogarah - Rockdale

 
 
 
 
 
 
 
Data Sources ABSValuer GeneralRental BoardACARA Newest Aug 2026 · Refreshed ABS QuickStats SAL10179 How we calculate this
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Suburb (SAL) Boundary Analysis

This analysis uses Suburbs and Localities (SAL) boundaries, which can materially differ from Statistical Areas (SA2) even when sharing the same name.

SAL boundaries are defined by Australia Post and the Australian Bureau of Statistics to represent commonly-known suburb names used in postal addresses.

Statistical Areas (SA2) are designed for census data collection and may combine multiple suburbs or use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.

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Sales ActivityProperty Sales Trends in Banksia

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The median house price in Banksia is $1.89m, with units at $819k. House values have moved 4.6% a year compounded over five years.

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DemographicsPopulation Growth in Banksia

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Banksia has an estimated 3,714 residents, up from 3,277 at the 2021 Census — a change of 437 people, or 13.3%. Growth has averaged 1.4% a year over five years, faster than 81% of areas nationally. Overseas migration accounts for 88.0% of that increase. That puts 3,869 residents on each square kilometre. Population is estimated from ABS Estimated Resident Population releases and GNAF address data, re-based from the 2021 Census and updated annually.

Detail

Following examination of demographic adjustments compiled by the ABS for the wider region, alongside recent postal address verifications conducted by AreaSearch since the Census, the suburb of Banksia contains approximately 3,714 residents as of May 2026. This represents a rise of 437 residents (13.3%) from the 2021 Census, which recorded 3,277 citizens. This population level was calculated by AreaSearch using the June 2025 release of estimated resident population statistics from the ABS combined with 2 verified new addresses added since the Census date. This population count yields a density of 3,868 persons per square kilometer, placing the locality within the highest 10% of all Australian areas analysed by AreaSearch and highlighting the intense demand for local real estate.

The 13.3% rate of growth recorded in the suburb of Banksia since the 2021 Census outpaced both the broader SA4 region (6.5%) and the state overall, establishing the locality as a regional leader in population expansion. This upward trend was largely supported by arrivals from abroad, which accounted for approximately 88.0% of the overall demographic increase during recent periods. In formulating future expectations, projections from the ABS and Geoscience Australia published in 2024 using 2022 as a baseline are utilised for each SA2 unit. For areas lacking this coverage, equivalent forecasts published by the NSW State Government in 2022 with a 2021 baseline are substituted. The age cohort growth dynamics from these datasets are applied to project shifts between 2032 and 2041. Based on these aggregated SA2-level forecasts, the suburb of Banksia is anticipated to experience population expansion that exceeds the national median, with an expected increase of 764 residents by 2041, representing a total rise of 20.6% over the 16 years.

Frequently Asked Questions - Population

What is the latest population estimate for the suburb of Banksia?
Total population for the suburb of Banksia was estimated to be approximately 3,714 as at May 26. This is based upon an estimated resident population of 3,714 from the ABS up to June 2025.
How has the population in the suburb of Banksia changed since 2021?
The suburb of banksia has added approximately 437 people and shown a 13.34% increase from the 3,277 people recorded at the 2021 Census period.
What is the population density in the suburb of Banksia?
The population density in the suburb of Banksia is estimated at 3,868 persons per square kilometer based on the latest population estimate.
How much has the population grown over the past 10 years in the suburb of Banksia?
Over the past 10 years, the population in the suburb of Banksia has shown a compound annual growth rate of 0.3% per annum.
What are the main drivers of population growth in the suburb of Banksia?
Population growth in the suburb of Banksia is driven by: Overseas migration (88.0%), Natural increase (12.0%), Interstate migration (0.0%). The primary driver is Overseas migration, contributing 88.0% of overall population gains.

Residential SupplyHousing Development & Building Approvals in Banksia

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47 new dwellings have been approved in Banksia over the past five years, an average of 9 a year. That places the area in the 69th percentile for residential development activity nationally, about 2 approvals per 1,000 residents a year. Approvals are currently running at an annualised 1, well below that longer-run average. Figures come from ABS building approvals aggregated to this Suburb (SAL) boundary and are updated monthly as the ABS releases them.

Detail

According to research by AreaSearch on ABS residential building approvals distributed from local statistical data, the suburb of Banksia averages about 9 approved residential dwellings annually, culminating in an estimated 47 homes approved over the 5 financial years from FY-21 to FY-25, plus 1 approval recorded in FY-26. Because an average of 5.5 new inhabitants have moved in per constructed home over the 5 financial years spanning FY-21 to FY-25, residential supply is falling short of demand, which typically intensifies buyer interest and exerts upward pressure on prices, with newly constructed dwellings averaging a cost of $410,000.

Furthermore, commercial building approvals worth $5.5 million have been registered during this financial year, emphasizing the predominantly non-commercial, residential layout of the community. Relative to the Greater Sydney region, building approvals in the suburb of Banksia are minimal, tracking 52.0% below the per capita regional average. This lack of fresh dwelling stock generally bolsters demand and valuations for pre-existing properties, even though building approvals have risen in recent times. This volume also registers below national benchmarks, pointing to the mature nature of the locality and highlighting possible developmental constraints. Recent building activity consists of 17.0% detached houses and 83.0% medium to high-density projects. This emphasis on denser accommodation provides cheaper entry points and appeals to downsizers, property investors, and first-time buyers. This represents a distinct departure from the current housing mix, which features 78.0% houses, reflecting a scarcity of vacant land alongside shifting lifestyles and a call for varied, affordable housing. With approximately 184 citizens for every approval, the suburb of Banksia displays characteristics of an evolving community. Future projections suggest the suburb of Banksia will grow by 764 residents by 2041, based on the latest quarterly calculations by AreaSearch. If building activity remains at its current pace, the addition of new dwellings may not keep up with population expansion, potentially worsening buyer competition and helping to elevate property values.

Frequently Asked Questions - Development

How many dwelling approvals have occurred in the suburb of Banksia recently?
Dwelling approval activity in the the suburb of Banksia area has seen 40 residential approvals over the past two financial years, based on AreaSearch's SA2 aggregation method. The suburb of Banksia's current population of 3,714 has been supported by 9 approvals on average over recent years.
How does the suburb of Banksia's development activity compare to the broader region?
The suburb of Banksia has seen 0.27 approvals per 100 people in recent years, compared to 0.65 approvals in the broader region. This means that one dwelling has been approved for every 184 people in the suburb of Banksia, compared to one for every 190 in the broader region.
Is the suburb of Banksia keeping up with housing demand?
With the population expected to increase by 764 people by 2041, around 255 new dwellings will be necessary. Recent approval levels may be insufficient to meet these forecasts, considering the census average of 3.0 persons per dwelling.
What has been the trend in development approvals over the past five years in the suburb of Banksia?
Looking at development activity over the past five years, the suburb of Banksia's approval levels have been significantly above the yearly average of 9, indicating strong recent growth in development activity.
How many dwellings will be needed to accommodate future population growth in the suburb of Banksia?
The population in the suburb of Banksia is expected to grow by 764 people by 2041, necessitating approximately 255 new dwellings. This calculation is based on the current census average of 3.0 persons per dwelling in the area.
How does recent development compare to population growth in the suburb of Banksia?
Over the past five years, the population in the suburb of Banksia has grown by approximately 484 people, while 47 residential approvals were recorded. This equates to a ratio of 10.3 people added for each new dwelling approval. This high ratio suggests strong population growth relative to housing supply, potentially indicating unmet housing demand.
Are there opportunities for residential developers in the suburb of Banksia?
With dwelling approval activity running at an average of 9 approvals per year and a population of 3,714, the market appears to be reasonably balanced between supply and demand, presenting moderate opportunities for well-positioned developments. With the population expected to increase by 764 people by 2041, around 255 new dwellings will be necessary. Current approval trends may be insufficient to meet forecast demand, indicating strong development opportunities.
Approvals Pipeline Development applications near Banksia

Development applications around Banksia

Development approvals is a new addition to AreaSearch. We’re actively expanding council coverage and refining the dataset — details and statuses for some councils may be partial. Check back regularly for the latest pipeline.
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SOURCE: Planning portals and council registers, compiled by AreaSearch. Distance & bearing measured from the suburb midpoint.

Project PipelineInfrastructure & Major Projects in Banksia

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AreaSearch tracks 5 current infrastructure and development projects inside Banksia, worth an estimated $3 million. A further 88 sit in the immediately surrounding suburbs, taking the tracked pipeline within reach of the area to $19.7 billion. 22 are already under construction and 26 are due for completion within three years. The pipeline spans residential development, communities, precincts & urban renewal and sports & recreation. Records are compiled from Infrastructure Australia, state agencies, council planning portals and public announcements, reviewed and updated daily, then ranked by proximity, construction stage, completion horizon and project scale.

Detail

Local infrastructure projects, major planning developments, and new initiatives have a major influence on local property dynamics. In total, 24 projects have been identified by AreaSearch as having a potential impact on the local area. Key projects include Fox Lane Rockdale, the 588-592 Princes Highway Mixed-Use Development, the 570 Princes Highway Co-Living Development, and the Rockdale Community and Cultural Centre, with the following list highlighting those of greatest relevance.

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Frequently Asked Questions - Infrastructure

What are some of the major infrastructure and planning changes likely to influence the suburb of Banksia?
Key infrastructure and planning changes likely to influence the suburb of Banksia include: Fox Lane Rockdale (Construction); 588-592 Princes Highway Mixed-Use Development (Approved); 570 Princes Highway Co-Living Development (Approved); Rockdale Community and Cultural Centre (Planning); and Rockdale Bicentennial Park Reinstatement (Approved). These projects represent significant developments that will shape the area's future infrastructure landscape.
What types of infrastructure projects are impacting the suburb of Banksia?
Infrastructure development impacting the suburb of Banksia spans multiple sectors including Residential Development, Communities, Precincts & Urban Renewal, and Sports & Recreation, among others.
What is the scale of infrastructure investment impacting the suburb of Banksia?
Infrastructure investment analysis indicates significant investment of approximately $262 million in infrastructure projects affecting the region, with a notable concentration of investment within the immediate the suburb of Banksia vicinity.
How does the suburb of Banksia's infrastructure development compare to other areas?
The suburb of Banksia ranks in the top 10% nationally for infrastructure development, reflecting exceptional investment activity compared to similar areas across the country.
Arncliffe Central
Category: Communities, Precincts & Urban Renewal
Stage: Construction | Est. Comp: 2028
Source / Links: Link 1   Link 2  

Arncliffe Central is a mixed-tenure urban renewal redevelopment of the former Arncliffe Estate between Eden Street and the Princes Highway. The project is replacing 142 ageing social housing dwellings with 806 new apartments across four buildings, including 311 social housing apartments, 291 affordable housing apartments and 204 private market apartments. It also includes a 4000 sqm public park, shops, community facilities, a childcare centre, pedestrian links and landscaped public spaces. Construction is underway, with social homes on track for 2027 and the wider precinct expected to complete in 2028.

Communities, Precincts & Urban Renewal

Fox Lane Rockdale
Category: Residential Development
Stage: Construction | Est. Comp: 2026
Source / Links: Link 1   Link 2  

Fox Lane Rockdale is a $50 million boutique residential development featuring 43 studio, one-, two-, and three-bedroom apartments plus two ground-floor commercial/retail spaces. The project offers chic modern interiors and resort-style rooftop amenities including a pool, gym, BBQ area, and outdoor cinema, along with secure parking. Located in the heart of Rockdale, it provides excellent connectivity to public transport, shopping, and local parks.

Residential Development

Kogarah North Urban Design Strategy Implementation
Category: Communities, Precincts & Urban Renewal
Stage: Construction | Est. Comp: 2028
Source / Links: Link 1   Link 2  

Strategic urban renewal project transforming 7.6-hectare Kogarah North precinct from low-density residential to high-density mixed-use development. Endorsed by Georges River Council in November 2017, the strategy facilitates coordinated redevelopment with new planning controls allowing buildings up to 33 metres height. Multiple developments approved and under construction including several 10-12 storey residential buildings delivering improved public spaces, enhanced connectivity, and housing diversity as part of Kogarah Strategic Centre.

Communities, Precincts & Urban Renewal

Rockdale Bicentennial Park Reinstatement
Category: Sports & Recreation
Stage: Construction | Est. Comp: 2028
Source / Links: Link 1   Link 2  

Reinstatement and upgrade of Rockdale Bicentennial Park as part of the M6 Stage 1 project. Works include restoration of parkland after tunnel construction, upgraded playing fields, skate park, playgrounds, shared walking and cycling paths, wetland restoration, increased tree canopy and new recreational infrastructure. The Urban Design and Landscape Plan for the park was approved in 2024, however delivery remains tied to completion of M6 Stage 1 construction. Following the 2024 tunnelling suspension, tunnelling resumed during 2026 with park reinstatement to follow project completion.

Sports & Recreation

570 Princes Highway Co-Living Development
Category: Residential Development
Stage: Approved | Est. Comp: 2027
Source / Links: Link 1   Link 2  

A 12-storey mixed-use development featuring 65 co-living rooms, a ground-floor commercial tenancy, communal areas including a rooftop terrace, basement parking, and sustainable design elements for affordable shared living in Rockdale.

Residential Development

Rail Service Improvement Program - Central to Hurstville Capital Works
Category: Transport & Logistics
Stage: Construction | Est. Comp: 2026
Source / Links: Link 1   Link 2  

Upgrades along the T4/T8 corridor between Central and Hurstville to boost rail capacity and reliability. Scope includes the Sydney Terminal Area Reconfiguration (track reconfiguration and platform extensions around Central to Erskineville Junction), the Hurstville crossover, targeted station works and power/signalling upgrades. Delivered by the Next Rail partnership (John Holland and Jacobs) for Transport for NSW.

Transport & Logistics

Ice Zoo Wolli Creek
Category: Sports & Recreation
Stage: Construction | Est. Comp: 2026
Source / Links: Link 1   

Olympic-sized ice skating rink providing year-round facilities for public skating, ice hockey, figure skating, and other ice sports. It serves as a community hub and training ground for athletes, featuring sustainable design elements, parking, cafe, and gym.

Sports & Recreation

Kogarah Public School Upgrade
Category: Education & Training
Stage: Construction | Est. Comp: 2027
Source / Links: Link 1   

The Kogarah Public School upgrade involves constructing a new multipurpose hall, 24 new modern classrooms, outdoor spaces and play areas, a covered outdoor learning area (COLA), and removal of temporary classrooms. Construction is now underway: site establishment was completed in September 2025 including fencing, hoardings, site sheds and a temporary construction driveway from Princes Highway. The old COLA has been dismantled for reuse at another school, the toilet block and storage shed have been demolished, and detailed excavation, inground services and piling for the new building foundations are now in progress.Builder Stephen Edwards Constructions and architect Fulton Trotter are delivering the project for the NSW Government, with forecast completion in 2027.

Education & Training

Jobs & IndustryEmployment Trends in Banksia

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2,236 residents of Banksia are employed, from a labour force of 2,267. Unemployment sits at 1.4%, with participation at 72.7%. Weighted for its industry mix, the area's sectors are forecast to grow about 6.7% nationally over five years. That reflects industry composition only and makes no allowance for local population growth. The working-day population is estimated at 3,138, about 85% of the resident population, so more people leave the area for work than travel in. Unemployment and labour force come from ABS Small Area Labour Markets, updated quarterly; the industry and occupation profile is from the 2021 Census.

Detail

The suburb of Banksia has a highly educated labor force with a notable concentration of professionals, a low unemployment rate of 1.4%, and an annual employment growth rate of 3.2% estimated from local data aggregated by AreaSearch. As of March 2026, working residents number 2,236, with the local unemployment rate sitting 2.8% below the Greater Sydney average of 4.1%, while workforce participation is standard at 72.7% compared to the metropolitan average of 69.1%. Census responses indicate that a substantial 38.8% of the working population performed their jobs from home, though this figure may have been influenced by pandemic-related lockdowns.

The primary employment sectors for local residents are health care & social assistance, professional & technical services, and retail trade. The suburb of Banksia displays a strong representation in transport, postal & warehousing, with employment shares in this sector reaching 1.6 times the regional average. Conversely, manufacturing jobs account for only 4.1% of the workforce, which is lower than the Greater Sydney average of 5.7%. The area is predominantly residential and seems to offer few local jobs, as shown by comparing the number of working residents to the locally based workforce in the Census. Based on AreaSearch's evaluation of SALM and ABS statistics gathered from broader geographic areas, the recent 12-month period saw local employment rise by 3.2% alongside a 3.1% increase in the total labor force, which led to a 0.1 percentage point reduction in the unemployment rate. In comparison, Greater Sydney experienced employment growth of 1.9% and labor force growth of 1.9%, with a minor decrease in unemployment. National employment forecasts from May-25 published by Jobs and Skills Australia provide additional context on potential workforce demand trends in the suburb of Banksia. These projections, spanning five and ten-year horizons, have been applied to the local workforce profile to model future growth. While national employment is projected to grow by 6.6% over five years and 13.7% over ten years, the rates of change vary by industry. Weighting these national industry trends to the specific employment profile of the suburb of Banksia indicates a local employment expansion of 6.7% over five years and 13.6% over ten years, noting this is a simple weighted calculation that does not factor in local population growth projections.

Frequently Asked Questions - Employment

What is the employment situation in the suburb of Banksia?
As of March 2026, the suburb of Banksia has approximately 2,236 employed residents with an unemployment rate of 1.4%. This very low unemployment rate indicates a tight labour market with strong demand for workers. The area ranks in the top 25% nationally for employment performance, indicating a robust job market.
How does the suburb of Banksia's unemployment rate compare to the broader region?
As of March 2026, the unemployment rate in the suburb of Banksia stands at 1.4%, which is 2.8 percentage points below Greater Sydney's rate of 4.1%. This lower unemployment rate suggests stronger local employment conditions. For comparison, the national unemployment rate is 4.2%.
What are the major employment sectors in the suburb of Banksia?
The employment landscape in the suburb of Banksia is dominated by several key sectors. The largest employers are health care & social assistance (12.7% of employment), professional & technical (10.6%), and retail trade (10.1%). The relatively diverse employment base, with the top three sectors comprising 33.4% of jobs, provides economic resilience. Other significant employers include construction and transport, postal & warehousing.
How has employment changed recently in the suburb of Banksia?
Over the past year to March 2026, the suburb of Banksia has experienced employment growth, with total employment increasing while the labour force increased. As a result, the unemployment rate has fall. By comparison, Greater Sydney saw employment increased and its unemployment rate dropped.
What is the workforce participation rate in the suburb of Banksia?
The workforce participation rate in the suburb of Banksia is 72.7%, which represents the proportion of working-age residents who are either employed or actively seeking work. This high participation rate indicates strong workforce engagement and economic vitality. The local rate leading the Greater Sydney average of 69.1%, showing similar workforce dynamics to the broader region.
Which industries are over-represented in the suburb of Banksia's employment market?
The suburb of banksia shows notable specialization in transport, postal & warehousing, which employs 8.7% of the local workforce compared to 5.3% regionally. This concentration suggests the area has developed competitive advantages in this sector. The area also shows above-average employment in 1 other sectors, contributing to a distinctive economic profile.
What are the employment growth prospects for the suburb of Banksia?
Based on Jobs and Skills Australia projections applied to the suburb of Banksia's industry mix, employment is expected to grow by 6.7% over the next five years and 13.6% over ten years. This exceeds the national forecast of 6.6% over five years, suggesting the area's industry composition is well-positioned for future growth. Steady growth is anticipated across multiple sectors, providing diverse employment opportunities.
How does the job market in the suburb of Banksia compare nationally?
The suburb of banksia's employment market shows strong performance nationally, ranking in the top 25% of areas assessed by AreaSearch. This indicates robust employment conditions and economic vitality compared to other regions. Recent job advertisement trends show the broader employment region saw a 5.9% decline, ranking 29.0th out of 37 regions nationally.
What employment opportunities exist for skilled workers in the suburb of Banksia?
Skilled workers will find good opportunities in the suburb of Banksia, with skilled sectors accounting for 39.9% of employment. Key sectors for skilled workers include health care & social assistance (12.7%), professional & technical (10.6%), and education & training (7.3%). With projected employment growth of 6.7% over five years, demand for skilled workers is expected to remain strong.

EarningsHousehold Income in Banksia

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Median household income in Banksia is $2,018 a week (about $105,000 a year), with median personal income at $763 a week. ATO records put median taxable income at $47,942 a year against an average of $60,651. Household income is from the 2021 Census; taxable income is from ATO Taxation Statistics for the latest financial year available, indexed forward using the ABS Wage Price Index.

Detail

According to AreaSearch's collation of the latest postcode-level tax data released by the ATO for the 2023 financial year, taxpayers in the suburb of Banksia recorded a median income of $47,942 and an average income of $60,651. These figures sit below national averages and compare to a median of $60,817 and an average of $83,003 across Greater Sydney. Factoring in Wage Price Index growth of 10.32% since the 2023 financial year, current estimates point to a median income of approximately $52,890 and an average of $66,910 as of March 2026.

Census findings show that household income is at the 66th percentile ($2,018 weekly), while personal income ranks at the 41st percentile. The income bracket between $1,500 and $2,999 is the most common, accounting for 30.9% of residents (1,147 people), matching the broader region where 30.9% also fall into this category. High housing costs absorb 16.5% of incomes, but strong household earnings keep disposable income at the 65th percentile, and the area's SEIFA index for income places it in the 6th decile.

Frequently Asked Questions - Income

What is the median taxable income in the suburb of Banksia?
Based on Wage Price Index adjustments to March 2026, the estimated median taxable income in the suburb of Banksia is approximately $52,890. The official ATO data from FY-23 recorded a median of $47,942.
What is the average taxable income in the suburb of Banksia?
Based on Wage Price Index adjustments to March 2026, the estimated average taxable income in the suburb of Banksia is approximately $66,910. The official ATO data from FY-23 recorded an average of $60,651.
How does the median taxable income in the suburb of Banksia compare to the region?
Based on Wage Price Index adjustments to March 2026, the estimated median taxable income in the suburb of Banksia is approximately $52,890 compared to $67,093 in Greater Sydney. The official ATO data from FY-23 shows $47,942 and $60,817 respectively.
How does the average taxable income in the suburb of Banksia compare to the region?
Based on Wage Price Index adjustments to March 2026, the estimated average taxable income in the suburb of Banksia is approximately $66,910 compared to $91,569 in Greater Sydney. The official ATO data from FY-23 shows $60,651 and $83,003 respectively.
What are the main income cohorts in the suburb of Banksia according to the 2021 Census?
As per the 2021 Census, the income bracket containing the largest proportion (~30.9% / 1,147 persons) of the suburb of Banksia's population is the $1,500 - 2,999 cohort.
How do the main income cohorts in the suburb of Banksia compare to the region?
The largest income cohort in the suburb of Banksia is the $1,500 - 2,999 group, representing about 30.9% of the population. In comparison, Greater Sydney's largest income cohort is the $1,500 - 2,999 group, representing 30.9% of its population, according to the 2021 Census.
What is the median household income in the suburb of Banksia according to the 2021 Census?
The 2021 Census data indicates that the median household income in the suburb of Banksia is $2,018/wk.
What is the median family income in the suburb of Banksia according to the 2021 Census?
According to the 2021 Census, the median family income in the suburb of Banksia is $2,174/wk.
What is the median personal income in the suburb of Banksia according to the 2021 Census?
The 2021 Census shows that the median personal income in the suburb of Banksia is $763/wk.
How does the suburb of Banksia's income rank nationally?
According to AreaSearch's aggregation of the latest postcode level ATO data released for FY-23, the suburb of Banksia had a median income among taxpayers of $47,942 with the average level standing at $60,651. This is below the national average and compares to levels of $60,817 and $83,003 across Greater Sydney respectively. Based on Wage Price Index growth of 10.32% since FY-23, current estimates would be approximately $52,890 (median) and $66,910 (average) as of March 2026.
What is the disposable income in the suburb of Banksia?
The estimated disposable income in the suburb of Banksia is $7,298 per year according to AreaSearch analysis.
How does the suburb of Banksia's disposable income compare to the region?
The suburb of banksia's disposable income is $7,298 compared to $7,412 for Greater Sydney, based on AreaSearch analysis.

Housing StockHousing & Dwellings in Banksia

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Banksia had 1,105 occupied dwellings at the 2021 Census, 78% detached houses and 11% apartments. 38% are owned with a mortgage, 23% rented and 39% owned outright. At that Census the median rent was $500 a week and the median mortgage repayment $2,500 a month, a total housing cost higher than 77% of areas nationally. Rent absorbs 24.8% of household income here and mortgage repayments 28.6%. Dwelling stock, tenure and housing costs are 2021 Census measures — the only source that counts dwellings at this boundary size.

Detail

At the time of the latest Census, the composition of dwellings in the suburb of Banksia consisted of 77.8% detached houses and 22.2% alternative housing types, such as townhouses, apartments, or other structures, compared to the Sydney metropolitan breakdown of 55.9% houses and 44.1% other dwellings. The home ownership rate in the suburb of Banksia was significantly higher than the Sydney metropolitan average, standing at 39.1%, with the remaining properties occupied by residents with a mortgage (38.1%) or renting (22.8%). The median monthly mortgage payment in the area was higher than the Sydney metro average at $2,500, while the median weekly rent was recorded at $500, compared to regional averages of $2,427 and $470.

On a national scale, mortgage costs in the suburb of Banksia are considerably higher than the Australian average of $1,863, and rent levels are well above the national median of $375.

Frequently Asked Questions - Housing

What percentage of homes are owned vs rented in the suburb of Banksia?
In the suburb of Banksia, 39.1% of homes are owned outright, 38.1% are owned with a mortgage, and 22.8% are rented.
What percentage of dwellings in the suburb of Banksia are houses?
According to the latest data, 77.8% of dwellings in the suburb of Banksia are houses.
What percentage of dwellings in the suburb of Banksia are apartments or units?
In the suburb of Banksia, 11.0% of dwellings are apartments or units, with an additional 8.9% being semi-detached dwellings.
What is the level of outright home ownership in the suburb of Banksia?
Outright home ownership in the suburb of Banksia stands at 39.1%, compared to 28.7% in Greater Sydney.
What is the median monthly mortgage repayment in the suburb of Banksia?
The median monthly mortgage repayment in the suburb of Banksia is $2,500, compared to $2,427 in Greater Sydney.
What is the median weekly rent in the suburb of Banksia?
The median weekly rent in the suburb of Banksia is $500, compared to $470 in Greater Sydney.
What is the distribution of rental prices in the suburb of Banksia?
In the suburb of Banksia, 0.0% of rentals are $0-149/week, 15.3% are $150-349/week, 69.0% are $350-649/week, 15.7% are $650-949/week, and 0.0% are $950+/week.
What is the average monthly housing cost in the suburb of Banksia?
The aggregate monthly housing cost in the suburb of Banksia is $1,446, which represents the average monthly cost across all housing types.
What percentage of income do residents spend on housing in the suburb of Banksia?
In the suburb of Banksia, households with mortgages typically spend 28.6% of their income on mortgage repayments, while renters spend 24.8% of their income on rent.
How crowded are homes in the suburb of Banksia?
The average persons per bedroom ratio in the suburb of Banksia is 0.9, indicating the level of household density.
How does housing affordability in the suburb of Banksia compare to the region?
Housing affordability in the suburb of Banksia shows mortgage holders spending 28.6% of income on repayments (vs 27.0% regionally), while renters spend 24.8% of income on rent (vs 22.6% regionally).
What types of dwellings are most common in the suburb of Banksia?
The dwelling mix in the suburb of Banksia consists of 77.8% detached houses, 8.9% semi-detached dwellings, 11.0% apartments, and 2.3% other dwelling types.
What is the weighted average housing cost based on tenure mix in the suburb of Banksia?
Based on the area's tenure composition, the weighted average monthly housing cost is approximately $1,446. This accounts for outright owners paying no housing costs, mortgage holders paying $2,500/month, and renters paying $2,165/month.
How affordable is housing in the suburb of Banksia relative to local incomes?
Housing in Banksia consumes approximately 16.5% of median household income ($8,738 monthly), indicating costs are highly affordable. The generally accepted benchmark is that housing should not exceed 30% of household income.
How do proposed developments compare to existing housing types in the suburb of Banksia?
Recent development applications in Banksia show attached dwellings contributing 95% of approvals compared to 22% of existing stock, while detached houses represent 5% of applications versus 78% of current dwellings. This suggests increasing densification. Banksia is experiencing exceptional growth in housing density, ranking in the top 10% nationally.

HouseholdsHousehold Composition in Banksia

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Banksia counted 1,105 households at the 2021 Census, an estimated 1,252 today, averaging 2.8 people each. 37% are couples with children, against 25% couples without children. 17% of households are people living alone, and families average 1.5 children. Household and family composition is measured only by the Census, so these are 2021 figures.

Detail

Families make up the majority of households in the suburb of Banksia at 77.5%, consisting of couples with children at 37.3%, couples without children at 25.2%, and single-parent households at 13.6%. Non-family households comprise the remaining 22.5%, with single-person households representing 17.4% and group households making up 4.7% of the total. The median household size is 2.8 people, which is slightly larger than the Greater Sydney average of 2.7.

Frequently Asked Questions - Households

How many households are in the suburb of Banksia?
As of the 2021 Census, the suburb of Banksia had 1,105 households. Based on population growth patterns, this has grown by approximately 13.3% to an estimated 1,252 households today.
What is the typical household size?
The median household size in the suburb of Banksia is 2.8 people. This compares to 2.7 in Greater Sydney and reflects the area's household composition mix.
What types of households are most common?
Family households dominate at 77.5% of all households. The remaining households consist of lone person households (17.4%), group households (4.7%), and other household types (0.1%).
How are families structured in the area?
Among the 856 family households, 37.3% are couples with children, 25.2% are couples without children at home, and 13.6% are single parent families. This mix shapes local demand for schools, family services, and housing types.
How does the suburb of Banksia compare to regional household patterns?
Compared to Greater Sydney, the suburb of Banksia shows distinct household patterns. Conversely, lone person households are under-represented at 17.4% compared to the regional 23.2%. This family-oriented profile influences local demand for family homes, schools, and children's services.
What is the average family size?
Families in the suburb of Banksia have an average of 1.5 children, matching the Greater Sydney average of 1.5. This influences local demand for child-related services and larger family homes.
What are the marriage patterns in the suburb of Banksia?
Marriage patterns reveal 51.1% of the adult population are currently married, while 32.8% have never married. This compares to 48.3% married and 36.4% never married across Greater Sydney.
How significant are single-person households?
Single-person households represent 17.4% of all households in the suburb of Banksia, notably lower than the regional average of 23.2%. This affects demand for smaller dwellings and single-person accommodation.
Are shared living arrangements common?
Group households (unrelated people sharing) account for 4.7% of households, well below the Greater Sydney average of 4.2%. This low rate suggests limited student or young professional shared accommodation.
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EducationSchools & Education in Banksia

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30.4% of adults in Banksia hold a university qualification, including 22.1% with a bachelor degree and 7.1% with postgraduate qualifications, higher than 81% of areas nationally. A further 18.0% hold a vocational qualification. Qualifications come from the 2021 Census.

Detail

Educational attainment levels in the suburb of Banksia sit below regional averages, with 30.4% of residents aged 15 and over holding a university qualification, compared to 38.7% across the broader SA3 area. This difference points to opportunities for future educational growth and vocational training. Bachelor degrees are the most common higher qualification at 22.1%, followed by postgraduate degrees at 7.1% and graduate diplomas at 1.2%. Vocational and technical training is well represented, with 28.1% of residents aged 15 and over holding trade credentials, consisting of advanced diplomas at 10.1% and certificates at 18.0%.

Educational enrollment rates are high, with 28.9% of residents currently attending an educational institution. This population consists of 9.1% in primary school, 6.9% in secondary school, and 5.8% enrolled in higher education.

Frequently Asked Questions - Education

What percentage of people in the suburb of Banksia have university qualifications?
30.4% of people aged 15 and over in the suburb of Banksia have university qualifications, compared to 38.0% in the broader region.
What percentage of people in the suburb of Banksia have no formal qualifications?
41.4% of people aged 15 and over in the suburb of Banksia have no formal qualifications, compared to 34.2% regionally.
How does the suburb of Banksia's education level compare to national averages?
The suburb of banksia ranks in the 81th percentile nationally for education based on AreaSearch's analysis of qualification and performance metrics.
What types of qualifications are most common in the suburb of Banksia?
The most common qualifications in the suburb of Banksia are: Bachelor Degree (22.1%), Certificate (18.0%), Advanced Diploma (10.1%).
What proportion of the suburb of Banksia's population is currently attending educational institutions?
28.9% of the population in the suburb of Banksia is currently engaged in formal education, with 9.1% in primary school, 6.9% in secondary school, 5.8% at university.
What is the ICSEA score for schools in the suburb of Banksia?
The average ICSEA (Index of Community Socio-Educational Advantage) score for schools in the suburb of Banksia is 0, indicating below-average socio-educational advantage compared to the national average of 1000.

Schools Detail

AmenitiesServices & Amenities in Banksia

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Getting AroundTransport & Commuting in Banksia

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Public transport in Banksia reaches 16 stops on 8 routes, timetabled for about 2,000 services a week. The typical home sits about 230 m from its nearest stop. Trains carry the largest share of public transport commuters. Households keep an average of 1.2 vehicles. Stop and service counts are built from operators' published GTFS timetables and refresh with each timetable release; vehicle ownership is from the 2021 Census.

Detail

Public transport services in the suburb of Banksia include 16 active stops offering a combination of train and bus connections. These stops are served by 8 separate routes, which together accommodate 2,011 weekly passenger trips. Transport access is rated as good, with residents living an average of 229 meters from the nearest stop. The suburb of Banksia is primary residential, meaning most working residents commute to other areas, with private vehicles remaining the most common transport method at 75%, and trains used by 16%. Inhabitants own an average of 1.2 cars per household.

A high proportion of residents (38.8%) worked from home according to the 2021 Census, which may reflect conditions during the pandemic. Service frequency across all local transport routes averages 287 journeys per day, which translates to approximately 125 weekly services for each individual stop.

Frequently Asked Questions - Transport

How many public transport stops are in Banksia?
There are 16 public transport stops within the suburb of Banksia.
How frequent are the transport services in Banksia?
the suburb of Banksia has 2,011 weekly trips across 8 routes, averaging 287 trips per day.
How far are residents from public transport in Banksia?
On average, residential properties are 229 meters from the nearest transport stop.

Transport Stops Detail

HealthcareHealth Services in Banksia

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74.3% of residents in Banksia report no long-term health condition. 6.7% need daily assistance with core activities, and 51.0% hold private health cover. The standardised death rate runs at 4.8 per 1,000 residents. Health conditions, assistance needs and insurance are 2021 Census measures; the death rate comes from current ABS releases.

Detail

Based on AreaSearch's evaluation of mortality rates and chronic health conditions, residents in the suburb of Banksia show favorable health trends, with low rates of common illnesses across both younger and older demographics. The rate of private health insurance is relatively low, covering approximately 51% of the population (~1,892 people), compared to 59.9% across Greater Sydney. The most prevalent health issues recorded among residents were arthritis and asthma, affecting 6.3% and 6.1% of the population, respectively. However, 74.3% of residents reported having no chronic medical conditions, compared to 74.6% across Greater Sydney.

The working-age population exhibits strong health profiles with low rates of chronic illness. Residents aged 65 and over make up 18.9% of the population (701 people), which is higher than the Greater Sydney average of 15.5%. Health outcomes for these older residents are strong, with national rankings aligning closely with those of the broader community.

Frequently Asked Questions - Health

How many people in the suburb of Banksia have private health insurance?
Around 51.0% of people in the suburb of Banksia are covered by private health insurance, which compares to 59.9% in the broader region of Greater Sydney.
What percentage of the population requires ongoing medical assistance in the suburb of Banksia?
In the suburb of Banksia, 6.7% of the population is identified as requiring ongoing medical assistance. This figure is slightly different from the regional average, where 5.2% of people in Greater Sydney require similar assistance.
How prevalent is asthma in the suburb of Banksia?
6.1% of people in the suburb of Banksia are diagnosed with asthma. In comparison, 6.4% of the population across Greater Sydney is affected by asthma.
What percentage of people have diabetes in the suburb of Banksia?
Diabetes affects 5.0% of the the suburb of Banksia population, while in the surrounding region, 4.3% of people are diagnosed with diabetes.
What is the percentage of people with heart disease in the suburb of Banksia?
4.0% of people in the suburb of Banksia have heart disease. Across the region of Greater Sydney, 3.2% of the population is affected by heart disease.
How does the suburb of Banksia compare to the region in terms of overall private health coverage?
In the suburb of Banksia, 51.0% of the population are estimated to have private health insurance. Comparatively, Greater Sydney sees an estimated private health coverage rate of 59.9%.

Ancestry & LanguageCultural Diversity in Banksia

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45.2% of Banksia residents were born overseas and 52.4% speak a language other than English at home, more culturally diverse than 89% of areas nationally. The largest reported ancestries are English (12.8%) and Australian (11.9%). Ancestry, language and country of birth are counted only by the Census, so these are 2021 figures.

Detail

The suburb of Banksia displays high levels of cultural diversity, with 45.2% of residents born outside Australia and 52.4% speaking a language other than English at home. Christianity is the most common religion, followed by 55.7% of the population. The most significant religious overrepresentation is Islam, which is practiced by 11.0% of residents compared to 6.8% across Greater Sydney. Regarding parental country of birth, the three most common ancestries in the suburb of Banksia are Other at 16.8%, English at 12.8% (which is lower than the regional average of 19.0%), and Australian at 11.9% (which is lower than the regional average of 17.8%).

Significant differences from regional averages are also visible in other ancestries, with Macedonian ancestry notably high at 9.5% of the population (compared to 0.4% regionally), Lebanese ancestry at 6.0% (compared to 2.6%), and Greek ancestry at 5.6% (compared to 1.9%).

Frequently Asked Questions - Diversity

What is the level of cultural diversity in the suburb of Banksia?
Banksia scores quite highly on cultural diversity, with 45.2% of its population born overseas and 52.4% speaking a language other than English at home.
What is the most common religion in the suburb of Banksia?
The main religion in Banksia was found to be Christianity, which makes up 55.7% of people in Banksia. However, the most apparent overrepresentation was in Islam, which comprises 11.0% of the population, compared to 6.8% across Greater Sydney.
What are the top countries of origin in the suburb of Banksia?
In terms of ancestry (country of birth of parents), the top three represented groups in Banksia are Other, comprising 16.8% of the population, English, comprising 12.8% of the population, which is notably lower than the regional average of 19.0%, and Australian, comprising 11.9% of the population, which is notably lower than the regional average of 17.8%. Additionally, there are notable divergences in the representation of certain other ethnic groups: Macedonian is notably overrepresented at 9.5% of Banksia (vs 0.4% regionally), Lebanese at 6.0% (vs 2.6%) and Greek at 5.6% (vs 1.9%).
How does the percentage of people born overseas compare to the regional average?
45.2% of the the suburb of Banksia population was born overseas, compared to 40.5% regionally.
What percentage of the the suburb of Banksia population speaks a language other than English at home?
52.4% of the population in the suburb of Banksia speaks a language other than English at home, compared to 39.5% in the wider region.
How many people in the suburb of Banksia identify as Australian Aboriginal?
1.3% of the the suburb of Banksia population identifies as Australian Aboriginal, compared to 1.3% in the region.
What is the citizenship status of the population in the suburb of Banksia?
84.6% of the the suburb of Banksia population holds citizenship, compared to 80.8% in the wider region.

Age StructureAge Profile of Banksia

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The median resident of Banksia is 40. That is 1 year younger than at the 2021 Census. 26.6% of residents are aged 15 to 34. Age cohorts are not raw Census counts: the Census split is re-based to the latest ABS population estimates and state projections.

Detail

The median age in the suburb of Banksia is 40 years, which is slightly higher than the Greater Sydney median of 37 and the national average of 38. Compared to the Greater Sydney average, there is a higher proportion of residents in the 65 - 74 age group (9.8% locally) and a lower proportion in the 25 - 34 bracket (13.9%). Since 2021, the 15 to 24 age bracket has increased from 10.8% to 12.7% of the population, while the 45 to 54 cohort has decreased from 14.2% to 13.0%.

Demographic models project that the age profile in the suburb of Banksia will change significantly by 2041, with the 45 to 54 group expected to grow by 164 people (34%) from 482 to 647. Residents aged 65 and older are projected to account for 50% of the total population growth, reflecting an aging population trend, while the 0 to 4 age group is expected to grow by a modest 2%, adding 3 residents.

Frequently Asked Questions - Age

What is the median age in the suburb of Banksia?
According to the latest data, the median age in the suburb of Banksia is 40 years.
How does the suburb of Banksia's median age compare to broader areas?
At 40 years, Banksia is 3 years older than the Greater Sydney average (37 years) and 2 years older than the national average (38 years).
What age groups are over-represented in the suburb of Banksia?
The most over-represented age group in the suburb of Banksia compared to the Greater Sydney region is the 65 - 74 group, making up 9.8% of the population.
What age groups are under-represented in the suburb of Banksia?
The most under-represented age group in the suburb of Banksia compared to the Greater Sydney region is the 25 - 34 group, making up 13.9% of the population.
Are there age groups with notable population variances?
No, the age distribution in the suburb of Banksia is broadly in line with the Greater Sydney region.
What is the percentage of children (0-14 years) in the suburb of Banksia?
The percentage of children aged 0-14 years in the suburb of Banksia is 16.0%.
What is the percentage of older people (65+ years) in the suburb of Banksia?
The percentage of people aged 65 and over in the suburb of Banksia is 18.9%.

Data & MethodBoundaries, Sources & Method for Banksia

Data currency Refreshed

9 of 14 data sections on this page were updated within the last 12 months — the newest current to Aug 2026.

Everything is aggregated to the Suburb (SAL) boundary shown above, on a 2021 Census baseline. Only 3 sections — housing, households and cultural diversity — still wait on the 2026 Census.

The ledger — source, cycle and currency by section

Section Source & update cycle Currency
Updated within the last 12 months 9 sections
Population ABS, GNAF, Geoscience Australia Annual (ABS ERP) May 2026 3 months ago headline measures · 2021 Census baseline
Re-based to the ABS Estimated Resident Population (June 2025 release) and updated with new dwellings from GNAF address data. Current to May 2026, with the 2021 Census supplying the small-area baseline.
Age profile ABS, Geoscience Australia, State governments Annual May 2026 3 months ago headline measures · 2021 Census baseline
Age cohorts are re-based to the latest ABS population estimates and state projections, current to May 2026. Each cohort is held as a Census baseline and a current estimate.
Development & approvals ABS, GNAF Monthly (ABS approvals) Jun 2026 2 months ago headline measures · May 2026 baseline
Property sales & rents Valuer General, Rental Board, ABS Weekly sales, quarterly rents Aug 2026 this month all 21 measures
Sales from the state Valuer General register, refreshed weekly, and rents from quarterly rental bond lodgements. Both are read live each time this page loads, current to Aug 2026.
Infrastructure projects Infrastructure Australia, State agencies, Local governments Daily Aug 2025 about a year ago all 5 projects tracked here
Project pipeline maintained continuously from Infrastructure Australia, state agencies, local government and public announcements. Records are added and revised daily; this area was last updated Aug 2025.
Employment ABS, DEWR, JSA Quarterly (ABS SALM) Mar 2026 5 months ago headline measures · 2021 Census baseline
Unemployment and labour force from ABS Small Area Labour Markets, current to Mar 2026. The growth outlook applies Department of Employment (now Jobs and Skills Australia) forecasts for all 19 industry divisions to the local industry mix, so it measures sector composition rather than local expansion and makes no allowance for population growth. Job demand comes from the same agency via its Internet Vacancy Index; industry and occupation structure from the 2021 Census.
Education ABS, ACARA Annual (ACARA) Aug 2026 this month headline measures · 2021 Census baseline
Transport ABS, State Transport Departments Each timetable release Jul 2026 last month headline measures · 2021 Census baseline
Services & amenities Provider directories, ACECQA Continuous Jul 2026 last month all 14 measures
Annual and financial-year sources 2 sections
Income ABS, ATO Annual (ATO) FY 2023 3 years ago headline measures · 2021 Census baseline
ATO taxable income statistics for FY 2023, indexed forward using the Wage Price Index. Census household income provides the distribution detail.
Health ABS, ATO Annual 2024 2 years ago headline measures · 2021 Census baseline
Census-measured — next update: 2026 Census 3 sections No more current small-area source exists for these, so they are labelled as Census-measured rather than implied to be current.
Housing ABS 5-yearly (Census) 2021 Census next update 2026 all 30 measures
Households ABS 5-yearly (Census) 2021 Census next update 2026 all 18 measures
Cultural diversity ABS, Geoscience Australia 5-yearly (Census) 2021 Census next update 2026 all 44 measures

"Currency" is the most recent release feeding that section. Where the Census supplies the structural baseline underneath a current headline figure, the row says so.

How the numbers are built

Population

The Census provides the small-area baseline, aggregated from mesh blocks to this boundary. It is then re-based to the ABS Estimated Resident Population (June 2025 release), and new dwellings built since Census night are counted from address data — 2 validated new addresses here. The headline figure is therefore a current estimate for May 2026, not a 2021 count (3,277 at the 2021 Census → 3,714 now). Annual growth rates are compound (CAGR), not simple averages.

Age profile

Cohort shares are not raw Census counts. Every cohort is held as a pair — the Census baseline and a current estimate — and the split is re-based using ERP and state population projections, current to May 2026. Median age is the Census median plus modelled change since. Charts that show both are labelled "2021 Census vs Current Estimate".

Property sales

Sourced from the state valuation authority's sales register — current, not Census, and refreshed weekly. Medians are calculated from settled transactions in the period shown; periods with very low transaction counts are flagged or suppressed, because a handful of sales can move a median substantially.

Rents

Derived from state rental bond lodgement data, by dwelling type and bedroom count. Bonds are lodged at the start of a new tenancy, so this reflects new lettings, not the whole rented stock.

Development & infrastructure

Building approvals come from current ABS releases; development applications are collected from council and state planning portals; the infrastructure pipeline is compiled from Infrastructure Australia and local government sources. Applications are matched to this boundary by address or coordinates, so very recent lodgements may not yet appear.

Employment & income

Industry and occupation structure comes from the Census, but the headline labour-market indicators do not. Unemployment and labour force are derived from ABS Small Area Labour Markets (quarterly). The employment outlook applies Department of Employment forecasts for all 19 industry divisions to this area's own industry mix (the agency is now Jobs and Skills Australia), as does the Internet Vacancy Index used for job demand. Because it is weighted on industry composition alone, that outlook carries no allowance for local population growth — in fast-growing areas the real rise in local jobs will typically be higher. Income combines Census household income with ATO taxable-income statistics for FY 2023, indexed forward using the Wage Price Index.

Education, transport & amenities

School enrolments, ICSEA and performance come from ACARA's current release, not the Census. Public transport stops and service frequency are derived from GTFS timetable feeds published by state transport departments. Services and amenities are proximity and count scores built from provider directories, refreshed on their own cycle. The Census contributes only the travel-to-work and qualification measures.

Rankings and benchmarks. Where we rank this area, the comparison set is every area of the same boundary type — suburbs against suburbs, SA2s against SA2s. Benchmarks compare this area against its greater capital city region and the national figure for the same measure and period.

Limits worth knowing. Small areas carry larger error margins, and the ABS introduces small random adjustments to Census counts to protect confidentiality — so totals may not sum exactly. Estimates re-based from regional data describe the area's expected trajectory, not a direct count of it. Figures are indicative for research and are not financial, planning or valuation advice.

Cross-check us. The Census baseline for this boundary is at ABS 2021 Census QuickStats (SAL10179). QuickStats reports 2021 only — the figures on this page are more current wherever the ledger shows a later date.

Common questions about this page

How do Banksia suburb boundaries differ from Statistical Areas?
This page uses Suburbs and Localities (SAL) boundaries (suburb-style geography). SAL represents commonly-known suburb names used in addresses, while Statistical Areas (SA2) are designed for census/statistical reporting. Even when sharing the same name, SAL and SA2 boundaries often cover different geographic areas with different populations.
Where does the data on this Banksia page come from?
AreaSearch compiles this page from official and industry sources — including ABS, Geoscience Australia, Valuer General, Provider directories, DEWR, JSA, State Transport Departments and ACARA — then aggregates them to the boundary shown and calculates the rankings, growth rates and benchmarks itself. Property sales come from the state valuation authority, rents from state rental bond lodgements, development applications from council and state planning portals, school data from ACARA, and public transport from state transport departments.
Is the Banksia data on this page just from the 2021 Census?
No. Most of this page is maintained well beyond the Census. Sourced entirely from current releases: development & approvals (Jun 2026), property sales & rents (Aug 2026), infrastructure projects (Aug 2025) and services & amenities (Jul 2026). Built on a Census baseline but carrying newer measures on top: population (to May 2026), age profile (to May 2026), employment (to Mar 2026), income (to FY 2023), education (to Aug 2026), transport (to Jul 2026) and health (to 2024). Population and age cohorts in particular are re-based to the latest ABS Estimated Resident Population rather than left at 2021 counts. Only housing, households and cultural diversity remain wholly Census-based, because no more current small-area dataset exists for those measures.

Nearby Areas