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ABS 2021 Census · Updated 21 May 2026
Banksia Grove is a well-established middle-ring suburb of Perth, Australia, with a population of approximately 11,351, making it a smaller community. Located approximately 29 km from the Perth CBD, Banksia Grove is a middle ring area in Western Australia. The median household income is $101,712 per year.
Banksia Grove benefits from a high-income resident base, supporting premium property pricing.
Official Australia Post postcode for Banksia Grove. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 3 schools within or near this suburb.
Find schools near Banksia Grove on My School →Estimated 5 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
With 11,351 residents, Banksia Grove is one of Western Australia's more populous suburbs — roughly 2.0× the state median of 5,605 — giving it a deep buyer and tenant pool that typically supports higher transaction volumes and shorter average days on market. At $101,712/year, household income in Banksia Grove is within 2% of the Western Australia median ($99,736), placing the suburb firmly in the state's mainstream demographic band. Rent of $360/week (87% coverage of the $1,800/month median mortgage) leaves a gap of roughly $240/month that a typical investor bridges with negative gearing, depreciation and capital growth. At 29 km from Perth, Banksia Grove is an outer-metro location where buyers are typically trading commute time for floor space and a lower entry price.
Middle-ring locations like this one historically reward patient holders — focus on homes near catchment-zone schools and major transport. Local rents consume roughly 18% of household income — a useful sanity check on tenant affordability.
How Banksia Grove stacks up against the median of all Western Australia suburbs in our dataset. Positive values mean Banksia Grove sits above the state median; negative means below.
| Metric | Banksia Grove | WA median | Δ vs state |
|---|---|---|---|
| Population | 11,351 | 5,605 | +103% |
| Median household income | $101,712/yr | $99,736/yr | +2% |
| Median rent (weekly) | $360 | $350 | +3% |
| Median mortgage (monthly) | $1,800 | $1,902 | -5% |
| Distance to CBD | 29 km | 20 km | +45% |
| Separate houses | 91% | 79% | +12pp |
Pre-inspection briefing for Banksia Grove — every item is derived from public datasets, with full citations in our data sources page.
Solid buy-and-hold profile: a population of 11,351 and household income close to the WA median ($101,712 vs $99,736) give the market enough depth for patient capital growth without the premium entry price of inner suburbs.
Strong rental coverage: $360/week (~$1,560/month) covers 87% of the $1,800/month median mortgage repayment, so the shortfall sits at just $240/month. Investors targeting positive cash flow should shortlist this suburb.
A dwelling mix skewed to houses (91% vs 79% WA median) combined with a population of 11,351 creates a deeper market for value-add renovations — older stock, separate titles and stronger buyer competition are the usual pattern here.
Run the numbers on a Banksia Grove property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Property values in Banksia Grove should track the wider Western Australia market through 2026, with the $101,712/year median household income (close to the $99,736 state median) keeping the suburb firmly mid-pack. Rental coverage runs at ~87% of the typical mortgage ($1,560/month rent vs $1,800/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 72/100 places Banksia Grove in the upper-middle tier of Australian suburbs we profile, and overall investor sentiment is constructive heading into the second half of 2026.
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Banksia Grove scores 72/100 on our EquitySight investment framework — a good rating. That score is driven by a population of 11,351, median household income of $101,712/year and median weekly rent of $360. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Banksia Grove are an above-state-median household income of $101,712/year, a dwelling mix that is 91% separate houses, roughly 3 schools and 5 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Banksia Grove has a usual resident population of approximately 11,351, compared with a Western Australia suburb median of 5,605 — placing it in the upper half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Banksia Grove sits 29 km straight-line from the Perth CBD. This is an outer-metro location; local employment and infrastructure announcements tend to move prices more than CBD connectivity alone.
The most recent census recorded a median weekly rent of $360 in Banksia Grove, equating to approximately $18,720/year in gross rental income (state median $350/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Banksia Grove is $1,800, or approximately $21,600/year (vs $1,902/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $360 works out to $1,560/month, covering 87% of the median mortgage repayment of $1,800/month. That leaves a $240/month shortfall (around $2,880/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are interest-rate sensitivity on the $1,800 median mortgage, the broader Western Australia market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.