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Suburb Insights ยท SA 5091

Banksia Park 5091, South Australia

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Banksia Park is a well-established middle-ring suburb of Adelaide, Australia, with a population of approximately 3,346, making it a boutique locality. Located approximately 17 km from the Adelaide CBD, Banksia Park is a middle ring area in South Australia. The median household income is $93,548 AUD per year (ABS 2021 Census).

Investment Score

69 / 100 Good

Strong household incomes in Banksia Park underpin solid property demand.

Location

Map shows Banksia Park, South Australia, Australia.

Key Indicators

Postcode
5091

Official Australia Post postcode for Banksia Park. A postcode may cover multiple suburbs.

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Population
3,346

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$350/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$93,548/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
17 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,550/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
96% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Banksia Park's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $350/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,550/month. The median household income of $93,548/year reflects a solid demographic, supporting sustainable rental demand. 96% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Banksia Park's established location and strong demographics make it well-suited to a long-term buy-and-hold strategy.

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Rental Yield

Expect competitive but not exceptional rental returns in Banksia Park's current market.

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Renovation / Flip

Renovation or flip strategies in Banksia Park face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Banksia Park property

Full Property Analysis

30-year projections for Banksia Park

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Moderate

Banksia Park enters 2026 with positive growth momentum, supported by strong local demographics and sustained demand. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. The market mood around Banksia Park is balanced โ€” neither bullish nor bearish heading into 2026.

Frequently Asked Questions

Is Banksia Park a good suburb for investment?

Banksia Park is a middle ring area in South Australia with a population of 3,346. The median rent is $350/week and the median household income is $93,548/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Banksia Park?

Key demand drivers in Banksia Park include established amenities and transport access. 96% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Banksia Park?

According to the ABS 2021 Census, Banksia Park has a population of approximately 3,346. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Banksia Park from the Adelaide CBD?

Banksia Park is approximately 17 km straight-line distance from the Adelaide CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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