Banksia Park

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

The population of the Banksia Park statistical area (Lv2) is estimated to be around 3,521 as of November 2025. This figure reflects an increase of 175 people since the 2021 Census, which reported a population of 3,346 people in the area. The increase is inferred from AreaSearch's estimation of the resident population at 3,406 following examination of the latest ERP data release by the ABS (June 2024), and an additional 8 validated new addresses since the Census date. This results in a population density ratio of 1,769 persons per square kilometer, which is higher than the average seen across national locations assessed by AreaSearch. Over the past decade, ending in June 2024, Banksia Park has shown resilient growth patterns with an annual compound growth rate of 0.6%, outpacing the SA3 area. Natural growth contributed approximately 67.0% of overall population gains during recent periods.

For future projections, AreaSearch adopts ABS/Geoscience Australia's projections for each SA2 area released in 2024 with a base year of 2022. For areas not covered by this data and years post-2032, the SA State Government's Regional/LGA projections by age category are adopted, based on 2021 data released in 2023 and adjusted using a method of weighted aggregation from LGA to SA2 levels. Future population trends project an above median growth for statistical areas analysed by AreaSearch, with Banksia Park expected to grow by 470 persons to reach 3,991 by 2041, reflecting a total increase of 12.9% over the 17-year period.

Residential development activity is lower than average in Banksia Park according to AreaSearch's national comparison of local real estate markets

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data in Banksia Park, shows an average of 11 new dwelling approvals annually over the past five financial years. This totals an estimated 55 homes. So far in FY-26, 4 approvals have been recorded. The average number of new residents per year for each dwelling over these five years is 2.7, reflecting robust demand that supports property values.

New homes are being built at an average expected construction cost value of $354,000, which is somewhat higher than regional norms, indicating quality-focused development. In FY-26, $661,000 in commercial development approvals have been recorded, suggesting minimal commercial development activity. Compared to Greater Adelaide, Banksia Park has around two-thirds the rate of new dwelling approvals per person and places among the 32nd percentile of areas assessed nationally, indicating more limited choices for buyers and supporting demand for existing properties. This activity is also under the national average, suggesting the area's established nature and potential planning limitations.

All new construction in Banksia Park has been detached houses, preserving its suburban nature and attracting space-seeking buyers. With around 536 people per dwelling approval, Banksia Park shows a developed market. AreaSearch's latest quarterly estimate indicates that Banksia Park will gain 456 residents by 2041. Building activity is keeping pace with growth projections, though buyers may experience heightened competition as the population grows.

Banksia Park has limited levels of nearby infrastructure activity, ranking in the 19thth percentile nationally

No factors influence a region's performance more than alterations 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 Transport Study, Northern Adelaide Irrigation Scheme (NAIS), and SA Public Housing Maintenance and Services Contracts, with the following list detailing those most relevant.

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

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

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. Its unemployment rate was 1.8% in the past year, with an estimated employment growth of 1.7%.

As of September 2025, 1,843 residents are employed while the unemployment rate is 2.1% lower than Greater Adelaide's rate of 3.9%. Workforce participation is at 64.0%, compared to Greater Adelaide's 61.7%. Leading employment industries include health care & social assistance, construction, and education & training. Construction shows strong specialization with an employment share 1.6 times the regional level.

Conversely, health care & social assistance has lower representation at 15.8% versus the regional average of 17.7%. Employment opportunities locally may be limited as indicated by Census data. Over the year to September 2025, employment increased by 1.7%, labour force by 1.5%, reducing unemployment by 0.2 percentage points. Greater Adelaide recorded employment growth of 3.0% and unemployment fell by 0.1 percentage points. State-level data to 25-Nov-25 shows SA employment grew by 1.19% year-on-year with a state unemployment rate of 4.0%. National unemployment is 4.3%, with SA's employment growth outpacing the national average of 0.14%. Jobs and Skills Australia forecasts national employment to expand by 6.6% over five years and 13.7% 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, assuming population projections remain constant.

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

AreaSearch's latest postcode level ATO data for financial year 2023 shows that income in Banksia Park is below the national average. The median income is $51,172 and the average income stands at $57,161. This contrasts with Greater Adelaide's figures of a median income of $54,808 and an average income of $66,852. Based on Wage Price Index growth of 8.8% since financial year 2023, current estimates would be approximately $55,675 for the median and $62,191 for the average as of September 2025. From the 2021 Census, household, family and personal incomes in Banksia Park cluster around the 50th percentile nationally. Income brackets indicate that the $1,500 - 2,999 bracket dominates with 37.9% of residents (1,334 people), consistent with broader trends across the region showing 31.8% in the same category. After housing costs, residents retain 87.9% of income, reflecting strong purchasing power and the area's SEIFA income ranking places it in the 5th decile.

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

The dwelling structure in Banksia Park, as evaluated at the latest Census held on 28 August 2016, consisted of 99.7% houses and 0.3% other dwellings including semi-detached homes, apartments, and 'other' dwellings. This compared to Adelaide metropolitan area's 88.6% houses and 11.3% other dwellings. Home ownership in Banksia Park stood at 39.2%, with mortgaged dwellings accounting for 50.7% and rented dwellings making up 10.2%. The median monthly mortgage repayment in the area was $1,550, exceeding Adelaide metro's average of $1,517. The median weekly rent figure was recorded at $350, compared to Adelaide metro's $330. Nationally, Banksia Park's mortgage repayments were significantly lower than the Australian average of $1,863, as reported on 29 July 2021, while rents were less than the national figure of $375, also reported on the same date.

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

Family households account for 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 constitute the remaining 19.8%, with lone person households at 19.2% and group households comprising 1.0%. The median household size is 2.6 people, larger than the Greater Adelaide average of 2.5 people.

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

Banksia Park's educational qualifications trail regional benchmarks, with 21.6% of residents aged 15+ holding university degrees compared to the national average of 30.4%. The most common qualification is bachelor degrees at 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 them, including advanced diplomas (11.2%) and certificates (28.9%). Educational participation is high, with 26.4% of residents currently enrolled in formal education, including primary (10.9%), secondary (7.0%), and tertiary education (3.8%).

Educational participation is notably 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.

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

Transport analysis shows 15 active stops in Banksia Park, served by buses. Five routes operate here, offering 588 weekly passenger trips. Residents are typically 274 meters from the nearest stop.

Services run 84 times daily on average, equating to about 39 weekly trips per stop.

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's health indicators show below-average results, with common health conditions slightly more prevalent than average across both younger and older age groups. The area has approximately 1,747 residents, with about 50% having private health cover, compared to the national average of 55.7%.

The most frequent medical conditions are arthritis (8.5%) and mental health issues (8.1%). About 66.8% of residents report no medical ailments, slightly higher than Greater Adelaide's 66.3%. As of June 2021, around 21.6%, or 760 people, are aged 65 and over. Despite this, health outcomes among seniors in Banksia Park are above average, outperforming the general population in health metrics.

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 had a cultural diversity score below average, with 81.6% of its population born in Australia, 93.7% being citizens, and 94.2% speaking English only at home. Christianity was the dominant religion, comprising 44.4% of Banksia Park's population. There was no representation of Judaism in Banksia Park, mirroring Greater Adelaide's 0.0%.

The top three ancestral groups were English (35.7%), Australian (27.9%), and Scottish (7.1%). Dutch ancestry was notably higher at 2.0% compared to the regional average of 1.5%, while Hungarian and German ancestries remained consistent with regional averages at 0.4% each.

Banksia Park's median age exceeds the national pattern

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 at 9.3%, while the 25-34 age group is smaller at 11.1% compared to Greater Adelaide. Between 2021 and now, the percentage of the population aged 75-84 has grown from 8.5% to 9.3%. Conversely, the 45-54 age group has declined from 13.5% to 12.3%. By 2041, demographic projections indicate significant shifts in Banksia Park's age structure. The 85+ age cohort is projected to grow exceptionally, increasing by 103 people (122%) from 84 to 188. Conversely, the 65-74 age group is expected to decrease by 26 residents.