Banksia Grove

Banksia Grove lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends

According to investigations of ABS population statistics for the surrounding region, alongside new address information verified by AreaSearch since the Census, the resident population for the suburb of Banksia Grove is calculated to be roughly 12,691 in May 2026. This represents a growth of 1,340 individuals (11.8%) from the 2021 Census, which recorded 11,351 inhabitants. The shift is determined from the resident count of 12,691, computed by AreaSearch through evaluating the June 2025 ABS ERP publication and another 187 validated new addresses registered since the Census. This population size translates to a density of 2,688 persons per square kilometer, placing the suburb of Banksia Grove in the top quartile of national areas analyzed by AreaSearch. The 11.8% expansion in the suburb of Banksia Grove since the 2021 census was quicker than the national average (9.3%), positioning it as a key local growth pocket. Demographic gains were mostly driven by natural increase, which made up roughly 39.0% of the total population rise in recent times, though international and interstate migration channels also recorded positive inflows.

AreaSearch implements projections from ABS and Geoscience Australia for individual SA2 zones, published in 2024 using 2022 as the base year. For SA2 zones missing from this dataset, and to project trends past 2032, AreaSearch applies age-specific growth rates from the latest Greater Capital Region projections released by the ABS in 2023 using 2022 data. Looking at future demographic patterns, these projections suggest a contraction in the overall resident count, with the suburb of Banksia Grove expected to lose 62 persons by 2041 under this framework. Nonetheless, positive shifts are forecast for particular age groups, especially the 25 to 34 age bracket, which is expected to expand by 434 people. See the age section for more details.

AreaSearch analysis of residential development drivers sees Banksia Grove recording a relatively average level of approval activity when compared to local markets analysed countrywide

Based on analysis of ABS building approvals assigned from statistical data, Banksia Grove has averaged approximately 84 residential approvals annually, totaling 424 approved dwellings over the previous 5 financial years (from FY-21 to FY-25) and 24 during FY-26 so far. With an average of 3.1 new occupants per year arriving for each finished home over the past 5 financial years (from FY-21 to FY-25), demand is outstripping supply, which generally pushes up property prices and heightens buyer competition, while new builds carry an average construction cost of $420,000, indicating that builders are targeting the premium sector with higher-end projects. Furthermore, commercial approvals worth $18.3 million have been logged in the current financial year, indicating steady non-residential construction activity.

Relative to Greater Perth, construction activity per capita in Banksia Grove is at roughly 66% of the metropolitan rate, placing it in the 15th percentile of areas evaluated nationwide, which translates to limited choice for buyers and supports demand for existing properties. Additionally, all recent building activity has been concentrated in detached houses, preserving the traditional low-density suburban aesthetic and catering to families looking for space. With approximately 1049 people for each residential approval, the local property market is highly established.

As population forecasts point to a stable or decreasing resident count, Banksia Grove is likely to experience less pressure on housing demand, which should benefit buyers.

Banksia Grove has moderate levels of nearby infrastructure activity, ranking in the 45thth percentile nationally

Local upgrades, capital works, and planning updates are major drivers of regional performance. AreaSearch has tracked a total of 9 projects expected to influence the local area. Principal works include the Banksia Grove Village Redevelopment, Banksia Grove West Primary School, Banksia Grove District Centre, and the Carramar South/Tapping North Local Structure Plan, with the list below highlighting the most significant undertakings.

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

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Employment conditions in Banksia Grove remain below the national average according to AreaSearch analysis

Banksia Grove has a skilled workforce with notable representation in industrial and manufacturing jobs, and an unemployment rate of 5.7% derived from aggregated statistical area data. In March 2026, 6,581 residents were employed, representing an unemployment rate that is 1.5% higher than the Greater Perth benchmark of 4.2%, while labor participation stands elevated at 76.0% compared to the capital city average of 70.2%. Census records show that a modest 6.2% of the workforce operated from home, though this may have been influenced by pandemic lockdowns.

The primary employment sectors for local workers are health care & social assistance, retail trade, and construction. Retail trade is particularly prominent, employing 1.3 times the share of workers seen across the wider region. Conversely, professional & technical roles are underrepresented, accounting for 5.3% of the local workforce compared to 8.2% in Greater Perth. The area is highly residential and offers limited employment internally, as shown by comparing the count of local jobs to working residents.

According to SALM and ABS data pooled from broader statistical geographies, the labor force shrank by 0.1% while employment fell by 1.3% in the year to March 2026, causing the unemployment rate to climb by 1.2 percentage points. In contrast, Greater Perth experienced a 2.0% rise in employment, a 2.5% expansion of the labor force, and a 0.4 percentage point increase in unemployment. National employment projections released by Jobs and Skills Australia in May-25 offer additional context on future demand in Banksia Grove. These five and ten-year forecasts have been applied to the local workforce structure to model future growth. While total employment nationally is projected to rise by 6.6% over five years and 13.7% over ten years, trends vary by sector. Applying these trends to the local industry mix yields an estimated employment growth of 6.3% over five years and 13.2% over ten years, assuming a basic weighted calculation without adjusting for local population shifts.

The economic profile demonstrates above-average performance, with income metrics exceeding national benchmarks based on AreaSearch comparative assessment

According to ATO postcode records published for the 2023 financial year, the median taxpayer income in the suburb of Banksia Grove is $57,042, with an average of $67,773. This is close to the national middle ground, comparing to a median of $60,748 and average of $80,248 in Greater Perth. Factoring in Wage Price Index growth of 10.93% since the 2023 financial year, updated figures would be roughly $63,277 for the median and $75,181 for the average in March 2026. The 2021 Census indicates that household, family, and individual incomes sit near the 66th percentile nationwide. The dominant bracket is the $1,500 - 2,999 range, containing 43.8% of the community (5,558 people), which mirrors the broader regional pattern of 32.0% in this group. Dwellings expenses consume 18.9% of earnings, yet healthy wages keep disposable income in the 58th percentile, with the SEIFA index placing the area in the 4th decile for income.

Banksia Grove is characterized by a predominantly suburban housing profile, with ownership patterns similar to the broader region

Residential architecture in Banksia Grove at the time of the latest Census consisted of 95.9% houses and 4.1% alternative dwellings like townhouses and apartments, compared to 77.8% houses and 22.1% alternative options in metropolitan Perth. Home ownership levels were low relative to the metropolitan average, sitting at 7.9%, with the remaining properties occupied by residents with mortgages (68.8%) or renting tenants (23.3%). The median monthly home loan payment was lower than the metropolitan benchmark at $1,800, and the median weekly rent was recorded at $360, compared to metropolitan figures of $1,907 and $350. Nationally, mortgage costs in Banksia Grove are lower than the Australian average of $1,863, and rents are below the national median of $375.

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

Families make up the majority of households at 80.3%, consisting of couples with children (44.1%), couples without children (18.2%), and single parents (16.9%). Non-family living arrangements account for the remaining 19.7%, with single-person households at 17.0% and shared houses at 2.6%. The median occupancy size of 3.0 persons is larger than the metropolitan average of 2.6.

Educational attainment in Banksia Grove aligns closely with national averages, showing typical qualification patterns and performance metrics

Educational outcomes present some challenges, with university completion rates (20.0%) tracking well below the national mark of 30.4%. This highlights a clear opportunity for targeted learning programs. Bachelor degrees are held by 14.9% of residents, followed by postgraduate degrees (3.1%) and graduate diplomas (2.0%). Vocational and technical training is common, with 41.8% of residents aged 15+ holding trade credentials, consisting of advanced diplomas (11.5%) and certificates (30.3%).

Participation in study is high, with 34.5% of the population enrolled in an educational program. This is split between primary school pupils at 13.8%, secondary students at 8.5%, and higher education participants at 4.7%.

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

Public transit networks include 40 active stops within Banksia Grove, which are served by bus networks. These locations are connected by 2 separate routes that accommodate 916 weekly passenger journeys. Accessibility is favorable, with the typical household situated 206 meters from their nearest stop. Because of the residential nature of the suburb, most workers commute out of the area, with private vehicles remaining the primary choice at 82%, followed by train travel at 10%. Dwellings average 1.5 vehicles. A minor 6.2% of the workforce worked from home, based on 2021 Census data collected during the pandemic.

Transit routes average 130 journeys daily across the network, which equates to roughly 22 weekly runs for each transit stop.

Health outcomes in Banksia Grove are marginally below the national average with the level of common health conditions among the general population somewhat typical, though higher than the nation's average among older cohorts

Health measures indicate lower outcomes in Banksia Grove, based on mortality and chronic illness data evaluated by AreaSearch, though overall illness rates in the general public are moderate. However, health challenges are more pronounced in older age groups compared to national averages, while private health insurance coverage is reasonably high, held by roughly 54% of residents (~6,867 people), compared to 59.0% across Greater Perth.

The most prevalent health issues listed are mental health conditions and asthma, affecting 8.8 and 7.8% of the community, while 76.4% of residents reported having no long-term illnesses, compared to 71.9% in Greater Perth. Residents aged under 65 show positive health metrics. Senior citizens aged 65 and older make up 3.0% of the local population (380 people), which is lower than the Greater Perth proportion of 16.1%. Elderly health outcomes show room for improvement, ranking lower nationally than the rest of the local community.

Banksia Grove was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Banksia Grove has notable cultural diversity, with 23.2% of residents speaking a non-English language at home and 40.7% born in another country. Christianity is the primary religion, followed by 40.5% of the community. The most distinct variance is in the Other category, which accounts for 1.9% of residents compared to 1.4% across Greater Perth.

Looking at parent birthplaces, the main ancestries represented are English (28.9%), Australian (21.4%), and Other (12.7%). Some specific groups show higher shares than the wider region, with South Australians making up 1.7% of the population (compared to 1.0% regionally), Maori at 1.9% (compared to 0.9%), and New Zealanders at 1.3% (compared to 0.8%).

Banksia Grove hosts a very young demographic, ranking in the bottom 10% of areas nationwide

With a median age of 29, Banksia Grove has a younger population than Greater Perth at 37 and the national median of 38. Compared to the capital city, the suburb has a higher share of residents aged 25 - 34 (21.5%) and a lower share of those aged 65 - 74 (2.2%). The 25 - 34 demographic is also higher than the national figure of 14.6%. Since 2021, the 35 to 44 cohort has expanded from 17.8% to 20.1%, and the 25 to 34 cohort has increased from 19.9% to 21.5%. Conversely, the 55 to 64 group has contracted from 6.6% to 4.6%, and the 15 to 24 group has decreased from 12.8% to 11.1%. Looking to 2041, demographic models suggest shifts in the age structure, with the 45 to 54 group projected to expand by 337 people (22%) from 1,510 to 1,848, while contractions are expected in the 0 to 4 and 15 to 24 age brackets.