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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.
est. as @ -- *
2021 Census | -- people
Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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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
As of May 2026, the estimated population of the suburb of Banksia Park is around 3,397. This reflects a growth of 51 people since the 2021 Census, which recorded a population of 3,346. The increase is inferred from AreaSearch's estimation of 3,394 residents based on the latest ERP data release by the ABS in June 2025 and validation of eight new addresses since the Census date. This results in a population density ratio of 1,707 persons per square kilometer, higher than the average across national locations assessed by AreaSearch. Banksia Park's 1.5% growth since the census is within 2.6 percentage points of the SA3 area (4.1%), indicating strong growth fundamentals. Natural growth contributed approximately 67.0% of overall population gains during recent periods.
AreaSearch adopts ABS/Geoscience Australia 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 and released in 2023 with adjustments made using weighted aggregation methods 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 432 persons to 2041, reflecting a total increase of 12.6% over the 16-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
Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Banksia Park averaged around 10 new dwelling approvals annually over the past five financial years, totalling an estimated 54 homes. So far in FY-26, 4 approvals have been recorded. This averages out to approximately 1 new resident per year per dwelling constructed between FY-21 and FY-25, suggesting a stable market with supply meeting demand. The average construction value of these dwellings is $354,000, which is higher than regional norms, indicating quality-focused development.
In the current financial year, $661,000 in commercial development approvals have been recorded, showing minimal commercial development activity. Compared to Greater Adelaide, Banksia Park has around two-thirds the rate of new dwelling approvals per person and ranks among the 30th percentile nationally, suggesting limited choices for buyers and supporting demand for existing properties. This activity is also below the national average, indicating the area's established nature and potential planning limitations. All new construction in Banksia Park has been detached houses, preserving its suburban character and attracting space-seeking buyers.
With around 567 people per dwelling approval, it reflects a highly mature market. According to AreaSearch's latest quarterly estimate, Banksia Park is forecasted to gain 429 residents by 2041. If current development rates continue, housing supply may struggle to keep pace with population growth, potentially increasing buyer competition and supporting price increases.
Frequently Asked Questions - Development
Development applications around Banksia Park
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| Lodged | Address | Description | Type | Distance | Status |
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SOURCE: Planning portals and council registers, compiled by AreaSearch. Distance & bearing measured from the suburb midpoint.
Infrastructure
Banksia Park has emerging levels of nearby infrastructure activity, ranking in the 21stth percentile nationally
No infrastructure projects were identified by AreaSearch as likely to impact the area. Key projects include Tea Tree Gully Sustainable Sewers Program, Gawler Line Electrification & Level Crossing Removals, Northern Adelaide Transport Study, and Northern Adelaide Irrigation Scheme.
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Frequently Asked Questions - Infrastructure
SA Water Capital Work Delivery Contracts 2024-28
SA Water's record $3.3 billion capital delivery program for the 2024-28 regulatory period, covering water and wastewater infrastructure across South Australia. The program targets water main replacements, sewerage network upgrades, dam upgrades, water tank refurbishments, and treatment process upgrades across metropolitan and regional areas. A central $1.5 billion component supports the South Australian Premier's Housing Roadmap, expanding network capacity to unlock up to 40,000 new allotments, with major focus on Adelaide's northern growth corridors including Angle Vale, Riverlea, and Roseworthy. Six major framework partners (Fulton Hogan Utilities, John Holland and Guidera O'Connor JV, McConnell Dowell and Diona JV, BMD, Diona, and Leed Engineering and Construction) are delivering works across approximately 120 projects. In Year 1 (to June 2025), $681.6 million in capital was invested. The program runs to June 2028.
Northern Adelaide Irrigation Scheme
The Northern Adelaide Irrigation Scheme (NAIS) is a recycled water scheme delivering high-quality treated water from the Bolivar Wastewater Treatment Plant to agribusinesses across the Northern Adelaide Plains. Stage 1 infrastructure was built to provide up to 12 gigalitres per year of climate-independent recycled water for horticulture, floriculture, fruit and nut orchards, table and wine grapes, and high-value broad-acre crops, with the network designed to enable future expansion to 20 gigalitres. Key infrastructure includes an advanced water recycling plant at Bolivar, a transfer pipeline, pump stations, an above-ground earth-banked storage at Korunye, managed aquifer recharge, and a distribution network with farm-gate connection points. Construction began in 2018 and the scheme is operational. As of 2025 around 35 per cent of the contracted volume has been sold, and SA Water has been undertaking a review to assess current and forecast demand and identify potential opportunities for the scheme.
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.
Gawler Line Electrification & Level Crossing Removals
State and federal government project to electrify the 42km Gawler rail line from Adelaide CBD to Gawler, with 25kV AC overhead wiring, new signalling systems, upgrade of 14 stations, and activation of 13 pedestrian crossings. Electrified passenger services commenced June 2022. The complementary Ovingham Level Crossing Removal ($231M) replaced the high-risk Torrens Road crossing with a new overpass, public plaza and upgraded Ovingham Railway Station, completing in late 2023.
O-Bahn City Access Project
Completed SA Government public transport project extending the O-Bahn from Gilberton into Adelaide city via centrally aligned priority bus lanes on Hackney Road and a dedicated 670 m bus-only tunnel to Grenfell Street. The works improved bus travel time reliability, reduced Inner Ring Route congestion, reconfigured Rundle Road and East Terrace, and added pedestrian and cycling improvements including a shared path and bridge over the River Torrens.
SA Housing Trust Maintenance Contracts Review and Service Program
Statewide maintenance and service contracts for SA Housing Trust public housing properties, covering reactive maintenance, vacancy restoration and minor works across metropolitan and regional South Australia. The program is delivered by Spotless Facility Services, RTC Facilities Maintenance and Torrens Facility Management. A 2024 SA Government review examined payment, timeliness, dispute resolution and contract performance issues, and the government provided additional funding to accelerate maintenance and upgrades on vacant public housing homes.
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.
Employment
Employment conditions in Banksia Park demonstrate exceptional strength compared to most Australian markets
Banksia Park has a skilled workforce with essential services sectors well represented. The unemployment rate was 1.9% as of December 2025, which is below Greater Adelaide's rate of 3.8%. Workforce participation in Banksia Park is similar to Greater Adelaide's at 66.0%.
Based on Census responses, 10.7% of residents work from home. Leading employment industries include health care & social assistance, construction, and education & training. The area has a strong specialization in construction with an employment share 1.6 times the regional level. However, health care & social assistance shows lower representation at 15.8% compared to the regional average of 17.7%.
Over the year ending December 2025, employment increased by 0.5% while labour force increased by 0.3%, reducing the unemployment rate by 0.1 percentage points. By comparison, Greater Adelaide recorded higher growth rates in employment and labour force with a similar reduction in unemployment. Jobs and Skills Australia's national employment forecasts from May-25 project overall employment growth of 6.6% over five years and 13.4% over ten years for Banksia Park when applied to its local employment mix.
Frequently Asked Questions - Employment
Income
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 10.17% since financial year 2023, current estimates would be approximately $56,376 (median) and $62,974 (average) as of March 2026. 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 (1,287 people). After housing costs, residents retain 87.9% of income. 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
In Banksia Park, as per the latest Census, 99.7% of dwellings were houses, with 0.3% being semi-detached, apartments, or other types. This contrasts with Adelaide metro's figures of 75.2% houses and 24.9% other dwellings. Home ownership in Banksia Park stood at 39.2%, with mortgaged dwellings at 50.7% and rented ones at 10.2%. The median monthly mortgage repayment was $1,550, lower than Adelaide metro's average of $1,562. The median weekly rent in Banksia Park was $350, compared to Adelaide metro's $320. Nationally, Banksia Park's mortgage repayments were significantly lower than the Australian average of $1,863, and rents were less than the national figure of $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 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 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 trail Australian benchmarks; 21.6% of its residents aged 15+ hold university degrees compared to Australia's 30.4%. This gap suggests potential for educational development and skills enhancement. Bachelor degrees are the most common at 15.3%, followed by postgraduate qualifications (3.6%) and graduate diplomas (2.7%). Trade and technical skills are prominent, with 40.1% of residents aged 15+ holding vocational credentials – advanced diplomas (11.2%) and certificates (28.9%).
Educational participation is high, with 26.4% of residents currently enrolled in formal education, including 10.9% in primary, 7.0% in secondary, and 3.8% pursuing tertiary education.
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
Banksia Park has 15 active public transport stops operating within the area. These stops are served by a mix of buses along five individual routes, collectively offering 588 weekly passenger trips. Transport accessibility is rated as good, with residents typically located 274 meters from the nearest stop. As a primarily residential area, most residents commute outward. Car remains the dominant mode of transport at 89%, while bus usage accounts for 9%. Vehicle ownership averages 1.7 per dwelling, above the regional average.
According to the 2021 Census, a relatively low 10.7% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 84 trips per day across all routes, equating to approximately 39 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Banksia Park's residents are healthier than average in comparison to broader Australia with prevalence of common health conditions quite low across both younger and older age cohorts
Health data shows Banksia Park residents have relatively positive health outcomes. AreaSearch's analysis found mortality rates and health conditions were largely similar to national benchmarks. Prevalence of common health issues was low across both younger and older age groups.
Approximately 50% (~1,685 people) had private health cover, compared to Greater Adelaide's 52.7%. Nationally, it's 55.7%. The most prevalent conditions were arthritis (8.5%) and mental health issues (8.1%). 66.8% reported no medical ailments, close to Greater Adelaide's 67.9%. Health outcomes for working-age residents are typical. Banksia Park has 22.1% (750 people) aged 65 and over, higher than Greater Adelaide's 19.2%. Senior health outcomes are above average, aligning with national rankings for the general population.
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's cultural diversity was found to be below average. As of the census, 81.6% of its population were born in Australia, with 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.
However, Judaism was notably underrepresented, making up 0.0% compared to Greater Adelaide's 0.1%. In terms of ancestry, the top three groups were English (35.7%, regional average: 27.8%), Australian (27.9%, regional average: 22.8%), and Scottish (7.1%). There was overrepresentation of Dutch (Banksia Park: 2.0%, regional average: 1.2%), Hungarian (Banksia Park: 0.4%, regional average: 0.3%), and German (Banksia Park: 5.8%, regional average: 5.1%) ancestry groups.
Frequently Asked Questions - Diversity
Age
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 and exceeds the national average of 38. The age profile shows that those aged 75-84 are particularly prominent at 9.6%, while the 25-34 group is comparatively smaller at 11.5% compared to Greater Adelaide. Since 2021, the population aged 85 and above has grown from 1.6% to 2.7%, and the 75-84 cohort has increased from 8.5% to 9.6%. Conversely, the 45-54 age group has declined from 13.5% to 12.2%. By 2041, demographic projections indicate significant shifts in Banksia Park's age structure, with the 85+ cohort expected to grow by 103 people (113%) from 91 to 195, while the 65-74 group is projected to decrease by 21 residents.