Banksia, NSW 2216
Bayside CouncilAll suburbs in postcode 2216
Updated
Median house price
$1,730,000
Median of 45 house sales · NSW Valuer General · calendar 2025
Selling in Banksia?
Get the free selling guide, personalised to Banksia, or ask for a free appraisal from a local agent.
Banksia at a glance
- Median unit
- $351,360
- Weekly rent
- $900
- Houses · units $720
- Population
- 3,277
- Median age 41
Prices: Median of 45 house sales · NSW Valuer General · calendar 2025 · Rent: NSW rental bond data (postcode 2216), June 2026 · Population: 2021 Census
House prices in Banksia
Houses change hands at $1,730,000 on a typical sale, well above the NSW median (45 house sales, NSW Valuer General, calendar 2025). Units come in around $351,360, roughly 80% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $346,000. Prices sit well above the NSW median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Rental data as of June 2026· NSW rental bond data (postcode 2216)
Free appraisal in Banksia
What’s your home worth in Banksia?
Ask us to introduce one participating agent who sells in your area for an appraisal backed by recent comparable sales. Only with your permission, and no commitment to list.
What to know about Banksia
Banksia (2216) sits in the Bayside region of NSW. The median house here is $1,730,000, well above the NSW median of around $1.10M.
Banksia has roughly 3,277 residents, with a typical family-age mix. Households are predominantly owner-occupied. The area is somewhat walkable for a typical errand run, but a car still helps for grocery runs and weekend trips.
What it’s like to live here
Banksia scores 60/100 on walkability, which makes it somewhat walkable with limited public transport. A short drive opens up most amenities; a car-light household is workable but not optimal.
Summer days here average around 28°C (warm), winter mornings around 8°C (cool). Annual rainfall lands at about 976 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 7 government primary, 4 government secondary, 4 Catholic, 4 independent.
Schools in Banksia
Location
Walkability
- Walk
- 60/100
- Transit
- 0/100
- Bike
- 100/100
Somewhat walkable. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Banksia's population at 3,277, with a median age of 41. That sits as a typical family-age mix. Households are predominantly owner-occupied (75% own, 23% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (77% family households, 17% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 77%
- Lone person
- 17%
- Owner occupied
- 75%
- Renter occupied
- 23%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 2.71% (median rent $900/wk against a $1,730,000 price tag). Units yield 10.66% gross, often the better cash-flow play for first-time investors. Renter share is modest (23%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
- Gross yield, housesSource: NSW Valuer General (PSI) · Sept 2026
- 2.71%
- On the $1,730,000 median
- Gross yield, unitsSource: NSW Valuer General (PSI) · Sept 2026
- 10.66%
- On the $351,360 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
84 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of January 2026
Weather year-round
- Annual rainfall
- 976 mm
- Hottest month, avg max
- 27.6°C
- Coldest month, avg min
- 7.9°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Banksia
- What is the median house price in Banksia?
- The median house price in Banksia, NSW 2216 is $1,730,000 (median of 45 house sales recorded by the NSW Valuer General in calendar 2025). The median unit price is $351,360.
- How much is my house worth in Banksia?
- A useful starting point is the Banksia median house price of $1,730,000 (units $351,360). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Banksia a good investment?
- On the published figures, the gross rental yield on houses in Banksia is 2.7%: the median weekly house rent is $900 (NSW rental bond data (postcode 2216), June 2026) against the median house price of $1,730,000 (NSW Valuer General, calendar 2025). No 12-month price change is published for Banksia: the NSW Valuer General figures we hold do not measure one. Whether Banksia is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Banksia postcode?
- Banksia is in the 2216 postcode, in NSW, in the Bayside Council region.
- Where is Banksia?
- Banksia is a suburb in the Bayside Council area, NSW 2216.
- What is the average rent in Banksia?
- The median weekly rent for houses is $900, for units it's $720.
- What schools are in Banksia?
- There are 20 schools serving Banksia on this page, including St Dominic Savio School, Rockdale Public School, Arncliffe Public School.
- How walkable is Banksia?
- Banksia has a Walk Score of 60 out of 100, somewhat walkable. transit score 0, bike score 100.
- What suburbs are near Banksia?
- Banksia is close to Kyeemagh, Arncliffe, Rockdale, Brighton Le Sands, Turrella.
- What is the population of Banksia?
- The population of Banksia is approximately 3,277 (2021 Census). The median age is 41.
Selling in Banksia? Get the free selling guide
What selling costs, how agents price homes, what to ask them and a 12-week plan to settlement, personalised to Banksia. A free PDF, in about a minute.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.