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Sales Activity
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Population
An assessment of population growth drivers in Banksia Park reveals an overall ranking slightly below national averages considering recent, and medium term trends
By Nov 2025, Banksia Park's population is estimated at around 3,165, a decrease of 181 people since the 2021 Census which reported 3,346 residents. This decline reflects AreaSearch's validation of new addresses and analysis of ABS ERP data released in June 2024, indicating a resident population of 3,163. The population density is approximately 1,590 persons per square kilometer, above the national average assessed by AreaSearch. Over the past decade ending in 2021, Banksia Park showed resilient growth with a compound annual growth rate of 0.6%, outpacing its SA3 area. Natural growth contributed about 67% to overall population gains during this period. For projections, AreaSearch uses ABS/Geoscience Australia data released in 2024, based on 2022 figures, for each SA2 area.
Beyond 2032 and for areas not covered by this data, SA State Government's Regional/LGA projections are adopted with adjustments made using a weighted aggregation method from LGA to SA2 levels. Based on aggregated SA2-level projections, Banksia Park is expected to increase by 455 persons to 2041, reflecting a total increase of approximately 25.2% over the 17-year period.
Frequently Asked Questions - Population
Development
AreaSearch assessment of residential development drivers sees a low level of activity in Banksia Park, placing the area among the bottom 25% of areas assessed nationally
Banksia Park has seen approximately 9 new home approvals annually over the past five financial years, totaling around 45 homes. No approvals have been recorded so far in FY-26. On average, 3.3 new residents arrive per year per dwelling constructed between FY-21 and FY-25. This suggests supply is lagging demand, potentially leading to heightened buyer competition and pricing pressures.
The average construction cost of new dwellings is $354,000, aligning with broader regional development. In the current financial year, $4.3 million in commercial approvals have been registered, indicating the area's residential character. Compared to Greater Adelaide, Banksia Park records about 56% of building activity per person and ranks among the 5th percentile nationally, suggesting limited buyer options and strengthening demand for established properties. This level is below average nationally, reflecting the area's maturity and possible planning constraints.
Recent development has consisted entirely of detached dwellings, sustaining the area's suburban identity with a concentration of family homes suited to buyers seeking space. With around 6972 people per dwelling approval, Banksia Park reflects a highly mature market. According to AreaSearch's latest quarterly estimate, the area is expected to grow by 797 residents through to 2041. At current development rates, housing supply may struggle to match population growth, potentially heightening buyer competition and supporting price increases.
Frequently Asked Questions - Development
Infrastructure
Banksia Park has moderate levels of nearby infrastructure activity, ranking in the 47thth percentile nationally
No factors influence an area's performance more than changes to local infrastructure, major projects, and planning initiatives. AreaSearch has identified 0 projects that could impact this area. Key projects include Tea Tree Gully Sustainable Sewers Program, Northern Adelaide Irrigation Scheme (NAIS) - SA Water, SA Public Housing Maintenance and Services Contracts, and SA Water Capital Work Delivery Contracts. The following list details those most relevant:.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Northern Adelaide Irrigation Scheme (NAIS) - SA Water
Part of SA Water's $1.5 billion Northern Suburbs Infrastructure Program to deliver critical water and recycled water network upgrades across northern Adelaide. The Northern Adelaide Irrigation Scheme (NAIS) uses recycled water to irrigate 25,000+ homes' open spaces and supports housing growth for over 40,000 new homes by increasing capacity for trunk water mains, pump stations, storage, and recycled water distribution.
Enabling Infrastructure for Hydrogen Production
Australia has completed the National Hydrogen Infrastructure Assessment (NHIA) to 2050 and refreshed its National Hydrogen Strategy (2024). The programmatic focus has shifted to planning and enabling infrastructure through measures such as ARENA's Hydrogen Headstart and the Hydrogen Production Tax Incentive (from April 2025). Round 2 of Hydrogen Headstart consultation occurred in 2025. Collectively these actions aim to coordinate investment in transport, storage, water and electricity inputs linked to Renewable Energy Zones and priority hubs, supporting large-scale renewable hydrogen production and future export supply chains.
Tea Tree Gully Sustainable Sewers Program
SA Water program to transfer about 4,700 properties in the City of Tea Tree Gully from a council run Community Wastewater Management System with on site septic tanks to a modern sewer network. The project includes staged construction of new wastewater mains, gravity and low pressure sewer connections, new pump stations and on property works, followed by decommissioning and backfilling of septic tanks. Delivery is being rolled out in zones between 2022 and 2028, improving service reliability, reducing overflows and supporting long term water and public health outcomes for the north eastern suburbs of Adelaide.
Adelaide Public Transport Capacity and Access
State-led program work to increase public transport capacity and access to, through and within central Adelaide. Current work is focused on the City Access Strategy (20-year movement plan for the CBD and North Adelaide) and the State Transport Strategy program, which together will shape options such as bus priority, interchange upgrades, tram and rail enhancements, and better first/last mile access.
Bulk Water Supply Security
Nationwide program led by the National Water Grid Authority to improve bulk water security and reliability for non-potable and productive uses. Activities include strategic planning, science and business cases, and funding of state and territory projects such as storages, pipelines, dam upgrades, recycled water and efficiency upgrades to build drought resilience and support regional communities, industry and the environment.
National EV Charging Network (Highway Fast Charging)
Partnership between the Australian Government and NRMA to deliver a backbone EV fast charging network on national highways. Program funds and co-funds 117 DC fast charging sites at roughly 150 km intervals to connect all capital cities and regional routes, reducing range anxiety and supporting EV uptake.
Network Optimisation Program - Roads
A national program concept focused on improving congestion and reliability on urban road networks by using low-cost operational measures and technology (e.g., signal timing, intersection treatments, incident management) to optimise existing capacity across major city corridors.
North South Corridor
The North-South Corridor in Australia, a 78 km non-stop motorway from Gawler to Old Noarlunga through Adelaide, includes several projects like the Southern Expressway and Darlington Upgrade. Completion expected by 2031.
Employment
Employment performance in Banksia Park ranks among the strongest 15% of areas evaluated nationally
Banksia Park has a skilled workforce with essential services sectors well represented. The unemployment rate was 1.8% in the past year, with an estimated employment growth of 1.4%.
As of June 2025, 1,806 residents are employed while the unemployment rate is 2.2% lower than Greater Adelaide's rate of 4.0%. Workforce participation is 64.0%, slightly higher than Greater Adelaide's 61.7%. Key industries of employment among residents are health care & social assistance, construction, and education & training. Construction is particularly specialized, with an employment share 1.6 times the regional level.
However, health care & social assistance is under-represented, at 15.8% compared to Greater Adelaide's 17.7%. The area offers limited local employment opportunities, as indicated by Census data. Between June 2024 and June 2025, employment increased by 1.4% while labour force increased by 1.2%, reducing the unemployment rate by 0.2 percentage points. In contrast, Greater Adelaide experienced employment growth of 2.1%. National employment forecasts from Jobs and Skills Australia, published in Sep-22, project national employment to expand by 6.6% over five years and 13.4% over ten years. Applying these projections to Banksia Park's employment mix suggests local employment should increase by 6.4% over five years and 13.4% over ten years.
Frequently Asked Questions - Employment
Income
Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis
Banksia Park had a median taxpayer income of $51,172 and an average of $57,161 in financial year 2022. This was lower than the national average, with Greater Adelaide's median income being $52,592 and average income being $64,886. By September 2025, estimates suggest the median income would be approximately $57,737 and the average $64,495, based on a 12.83% growth in wages since financial year 2022. Census data indicates incomes in Banksia Park are around the 50th percentile nationally. Income distribution shows 37.9% of residents (1,199 individuals) earn between $1,500 and $2,999, similar to the surrounding region's 31.8%. After housing costs, residents retain 87.9% of their income, reflecting strong purchasing power. The area's SEIFA income ranking places it in the 5th decile.
Frequently Asked Questions - Income
Housing
Banksia Park is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership
Banksia Park's dwellings, as per the latest Census, were 99.7% houses and 0.3% other types (semi-detached, apartments, 'other'). Adelaide metro had 88.6% houses and 11.3% others. Home ownership in Banksia Park was 39.2%, with mortgages at 50.7% and rentals at 10.2%. Median monthly mortgage repayments were $1,550, higher than Adelaide metro's $1,517. Median weekly rents were $350, compared to Adelaide metro's $330. Nationally, Banksia Park's mortgage repayments were lower at $1,863 and rents were less at $375.
Frequently Asked Questions - Housing
Household Composition
Banksia Park features high concentrations of family households, with a higher-than-average median household size
Family households constitute 80.2% of all households, including 36.5% couples with children, 31.4% couples without children, and 11.3% single parent families. Non-family households comprise the remaining 19.8%, with lone person households at 19.2% and group households making up 1.0%. The median household size is 2.6 people, larger than the Greater Adelaide average of 2.5.
Frequently Asked Questions - Households
Local Schools & Education
Educational attainment in Banksia Park aligns closely with national averages, showing typical qualification patterns and performance metrics
Banksia Park's educational qualifications meet regional benchmarks, with 21.6% of residents aged 15+ holding university degrees, compared to Australia's 30.4%. This gap suggests potential for educational development and skills enhancement. Bachelor degrees are the most common (15.3%), followed by postgraduate qualifications (3.6%) and graduate diplomas (2.7%). Vocational credentials are also prominent, with 40.1% of residents aged 15+ holding such qualifications – advanced diplomas at 11.2% and certificates at 28.9%.
Educational participation is high, with 26.4% of residents currently enrolled in formal education. This includes 10.9% in primary education, 7.0% in secondary education, and 3.8% pursuing tertiary education. Banksia Park School (R-6) and Banksia Park International High School serve a total of 1,265 students, with typical Australian school conditions (ICSEA: 1021) offering balanced educational opportunities. The area functions as an education hub, providing 40.0 school places per 100 residents – significantly above the regional average of 16.6 – and attracting students from surrounding communities.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
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 Park shows that there are currently 15 active transport stops operating within the park. These stops serve a mix of bus routes, with a total of 5 individual routes providing service to these stops. Together, these routes facilitate 588 weekly passenger trips across the park.
The accessibility of transport services is rated as good, with residents typically located an average distance of 274 meters from their nearest transport stop. In terms of service frequency, there are approximately 84 trips made per day across all routes, which translates to about 39 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Health outcomes in Banksia Park are marginally below the national average with common health conditions slightly more prevalent than average across both younger and older age cohorts
Banksia Park shows below-average health indicators with common conditions slightly more prevalent than average across both younger and older age groups. Private health cover is relatively low at approximately 50% of the total population (~1,570 people), compared to the national average of 55.3%.
The most common medical conditions are arthritis (8.5%) and mental health issues (8.1%). 66.8% of residents report being completely clear of medical ailments, slightly higher than Greater Adelaide's 66.3%. The area has 21.6% of residents aged 65 and over (683 people), with seniors showing above-average health outcomes that even surpass those of the general population in health metrics.
Frequently Asked Questions - Health
Cultural Diversity
Banksia Park ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics
Banksia Park showed low cultural diversity, with 81.6% born in Australia, 93.7% being citizens, and 94.2% speaking English only at home. Christianity was the dominant religion, comprising 44.4%. There was no Judaism presence in Banksia Park, mirroring Greater Adelaide's 0.0%.
The top ancestry groups were English (35.7%), Australian (27.9%), and Scottish (7.1%). Dutch people were overrepresented at 2.0% compared to the regional 1.5%, while Hungarian and German representations matched regionally at 0.4% and 5.8% respectively.
Frequently Asked Questions - Diversity
Age
Banksia Park hosts an older demographic, ranking in the top quartile nationwide
The median age in Banksia Park is 41 years, which is higher than Greater Adelaide's average of 39 years and exceeds the national average of 38 years. The age profile shows that those aged 75-84 are particularly prominent, making up 9.3% of the population, while those aged 25-34 make up a smaller proportion at 11.1%. Between 2021 and the present, the 75-84 age group has increased from 8.5% to 9.3%, while the 45-54 age group has declined from 13.5% to 12.3%. Looking ahead to 2041, demographic projections show significant shifts in Banksia Park's age structure. The 75-84 age cohort is projected to increase by 134 people (46%), growing from 294 to 429. Meanwhile, the 65-74 age cohort grows by a modest 1% (3 people).