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

Based on analysis of ABS population updates, as of Nov 2025 the Banksia Grove statistical area (Lv2)'s population is estimated at around 12,561. This reflects an increase of 1,210 people since the 2021 Census, which reported a population of 11,351. The change was inferred from AreaSearch's validation of new addresses following examination of the latest ERP data release by the ABS (June 2024), and an additional 187 validated new addresses since the Census date. This level of population equates to a density ratio of 2,661 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. The Banksia Grove (SA2)'s 10.7% growth since the 2021 census exceeded the national average (9.7%). Population growth was primarily driven by natural growth contributing approximately 39.0%.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered, AreaSearch utilises growth rates by age cohort provided by the ABS in its latest Greater Capital Region projections (released in 2023, based on 2022 data). Based on aggregated SA2-level projections, an above median population growth is projected for the area, expected to expand by 2,656 persons to 2041, reflecting a gain of 24.0% over the 17 years.

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

AreaSearch analysis of ABS building approval numbers in Banksia Grove shows approximately 96 new homes approved annually. Over the past five financial years, from FY-21 to FY-25, around 483 homes were approved, with an additional 24 approved so far in FY-26. This results in a supply lagging demand scenario, with heightened buyer competition and pricing pressures.

The average construction value of new homes is $420,000, indicating a focus on the premium segment. Commercial approvals this financial year totalled $18.3 million, reflecting steady commercial investment activity. Compared to Greater Perth, Banksia Grove has about three-quarters the rate of new dwelling approvals per person and ranks among the 16th percentile nationally, suggesting limited choices for buyers and supporting demand for existing dwellings.

All approved constructions have been detached houses, maintaining the area's suburban nature and attracting space-seeking buyers. With around 979 people per dwelling approval, Banksia Grove reflects a mature market. Future projections estimate an addition of 3,009 residents by 2041. At current development rates, new housing supply should meet demand, providing favourable conditions for buyers and potentially supporting population growth beyond current projections.

Banksia Grove has moderate levels of nearby infrastructure activity, ranking in the 48thth percentile nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified nine projects that may impact the area. Notable projects include Banksia Grove West Primary School, Banksia Grove Village Redevelopment, Banksia Grove District Centre, and Carramar South/Tapping North Local Structure Plan. The following list details those most likely to be relevant.

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

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The labour market in Banksia Grove demonstrates typical performance when compared to similar areas across Australia

Banksia Grove has a skilled workforce with strong representation in manufacturing and industrial sectors. Its unemployment rate was 4.2% in the past year.

Employment growth was estimated at 4.4%. As of September 2025, 7,845 residents were employed, with an unemployment rate of 4.3%, which is 0.3% higher than Greater Perth's rate of 4.0%. Workforce participation in Banksia Grove was 75.9%, compared to Greater Perth's 65.2%. The dominant employment sectors among residents included health care & social assistance, retail trade, and construction.

Retail trade showed strong specialization with an employment share 1.3 times the regional level. Professional & technical services had lower representation at 5.3% versus the regional average of 8.2%. Employment opportunities locally appeared limited as indicated by Census data comparing working population to resident population. Between September 2024 and September 2025, employment levels increased by 4.4%, while labour force increased by 4.1%, reducing the unemployment rate by 0.3 percentage points. In contrast, Greater Perth recorded employment growth of 2.9% and labour force growth of 3.0%, with a marginal increase in unemployment. State-level data from WA to 25-Nov-25 showed employment contracted by 0.27% (losing 5,520 jobs), with the state unemployment rate at 4.6%, compared to the national rate of 4.3%. National employment forecasts from May-25 suggest overall growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Banksia Grove's employment mix, local employment is estimated to increase by 6.3% over five years and 13.2% over ten years.

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

AreaSearch's latest postcode level ATO data for financial year ending June 2023 shows median income in Banksia Grove was $57,042 and average income was $67,773. In Greater Perth, median income was $60,748 and average income was $80,248. Based on Wage Price Index growth of 9.62% from July 2023 to September 2025, estimated incomes would be approximately $62,529 (median) and $74,293 (average). According to the 2021 Census, Banksia Grove's household, family, and personal incomes clustered around the 66th percentile nationally. The income bracket of $1,500 - $2,999 dominated with 43.8% of residents (5,501 people), similar to metropolitan trends at 32.0%. High housing costs consumed 18.9% of income, but strong earnings placed disposable income at the 58th percentile nationally. The area's SEIFA income ranking places it in the 4th decile.

Banksia Grove is characterized by a predominantly suburban housing profile, with a higher proportion of rental properties than the broader region

Banksia Grove's dwelling structure, as per the latest Census, consisted of 95.9% houses and 4.1% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Perth metro's 92.2% houses and 7.8% other dwellings. Home ownership in Banksia Grove stood at 7.9%, with mortgaged dwellings at 68.8% and rented ones at 23.3%. The median monthly mortgage repayment was $1,800, below Perth metro's average of $1,898. Median weekly rent was $360, compared to Perth metro's $350. Nationally, Banksia Grove's mortgage repayments were lower than the Australian average of $1,863, and rents were less than the national figure of $375.

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

Family households constitute 80.3% of all households, including 44.1% couples with children, 18.2% couples without children, and 16.9% single parent families. Non-family households comprise the remaining 19.7%, with lone person households at 17.0% and group households at 2.6%. The median household size is 3.0 people, which is larger than the Greater Perth average of 2.8.

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

The area's university qualification rate is 20.0%, significantly lower than the Australian average of 30.4%. This presents both challenges and opportunities for targeted educational initiatives. Bachelor degrees are most prevalent at 14.9%, followed by postgraduate qualifications (3.1%) and graduate diplomas (2.0%). Vocational credentials are common, with 41.8% of residents aged 15+ holding them, including advanced diplomas (11.5%) and certificates (30.3%).

Educational participation is high, with 34.5% of residents currently enrolled in formal education, comprising 13.8% in primary, 8.5% in secondary, and 4.7% in tertiary education.

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

The analysis of public transport in Banksia Grove shows that there are currently 40 active transport stops operating within the area. These stops serve a mix of bus routes, with a total of 916 weekly passenger trips provided by two individual routes. The accessibility of these services is rated as good, with residents typically located approximately 206 meters from their nearest transport stop.

On average, there are 130 trips per day across all routes, which equates to around 22 weekly trips per individual stop.

Banksia Grove's residents boast exceedingly positive health performance metrics with younger cohorts in particular seeing very low prevalence of common health conditions

Banksia Grove shows excellent health outcomes, especially for younger age groups with low prevalence of common conditions.

Approximately 54% (~6,796 people) have private health cover. Mental health issues and asthma are most prevalent at 8.8 and 7.8%, respectively. About 76.4% report no medical ailments, compared to 73.0% in Greater Perth. Only 5.9% (741 people) are aged 65 and over, lower than Greater Perth's 13.6%. Senior health outcomes require more attention than the broader population.

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's cultural diversity is notable, with 23.2% speaking a language other than English at home and 40.7% born overseas. Christianity is the predominant religion, accounting for 40.5%. The 'Other' religious category comprises 1.9%, slightly higher than Greater Perth's 1.0%.

Ancestry-wise, English (28.9%), Australian (21.4%), and Other (12.7%) are the top groups. Notably, South African ancestry is overrepresented at 1.7% compared to 1.8% regionally, Maori at 1.9% versus 1.3%, and New Zealand at 1.3% versus 1.1%.

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

Banksia Grove's median age at 30 years is significantly younger than Greater Perth's average of 37 and Australia's median of 38. Compared to Greater Perth, Banksia Grove has a higher proportion of residents aged 5-14 years (16.7%) but fewer residents aged 65-74 years (4%). Post-2021 Census data shows the 55-64 age group grew from 6.6% to 8.1%, while the 15-24 cohort increased from 12.8% to 14%. Conversely, the 25-34 cohort declined from 19.9% to 18.6%, and the 0-4 group dropped from 9.9% to 8.8%. By 2041, demographic modeling projects Banksia Grove's age profile will change notably. The 25-34 age cohort is expected to grow steadily, increasing by 586 people (25%) from 2,336 to 2,923. Meanwhile, the 5-14 cohort grows modestly by 3% (61 people).