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Banksia Suburb Insights
VICLocation Information
Suburb Name
Banksia, VIC
Distance from CBD
11.8 kmDemographics
Population
3,388
Median Income
$33,904
Area Information
Area
0.96 km²
Population Density
3529 people/km²
Property Market
Median Price
$719,799
Annual Growth
+16.3%Property Price Trend Analysis
Current Median Price
$719,799
Annual Growth
+16.3%
Quarterly Growth
+2.5%
Price Trends - Last 6 Months
2024-01
$882,856
+8.9%2024-02
$704,635
+10%2024-03
$565,610
+5.4%2024-04
$1,155,448
+14.5%2024-05
$1,199,562
+7.2%2024-06
$958,602
+18.8%Property Type Price Analysis
House
Median Price
$1,410,605
Growth Rate
+7.5%Available Listings
104 properties
Apartment
Median Price
$646,439
Growth Rate
+12.6%Available Listings
401 properties
Townhouse
Median Price
$994,720
Growth Rate
+8.9%Available Listings
145 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy