Banksia, NSW 2216 is not on our current shortlist in Handle's suburb model as at November 2026. The median house is $1,816,000 with a 2.6% gross yield, vacancy is 2.09%, and values have grown an average 7.3% a year over five years.
Every figure below is from the Handle suburb model, refreshed weekly. Bayside is the council area.
| Metric | Banksia | Bayside | Context |
|---|---|---|---|
| Median house price | $1,816,000 | $1,941,750 | |
| Median rent | $900 / week | +9.4% in 12 months | |
| Gross rental yield | 2.6% | 2.8% | |
| Vacancy rate | 2.09% | 2.09% | 6 homes for rent |
| Days on market | 32 days | ||
| Stock on market | 0.67% | 8 listings, 37 sales a year | |
| Months of inventory | 2.6 | ||
| 12-month growth | +5.6% | ||
| 5-year growth (a year) | +7.3% | +42% cumulative | |
| 10-year growth (a year) | +4.0% |
A median Banksia house was worth about $1,275,000 five years ago. Today it is $1,816,000, a +42% change, or 7.3% a year. Over 10 years the average is 4.0% a year, and the last 12 months added +5.6%.
Past growth is not a guide to future growth. It tells you how the suburb has behaved, not what it will do next.
The median house in Banksia rents for $900 a week, a 2.6% gross yield against 2.8% across Bayside. Rents have moved +9.4% over the last 12 months, and vacancy sits at 2.09%.
There are 8 houses listed for sale against roughly 37 sales a year, which is 2.6 months of stock. Homes take 32 days to sell on average. Low stock and quick sales usually mean buyers are competing for what is listed.
Banksia has about 3,277 residents, up 17.9% over 10 years. Median household income is $2,250 a week, 116% of the NSW median. 76% of homes are owner-occupied, and 19% of mortgaged households are in mortgage stress.
Employment across Bayside, where 13% of jobs are in government-backed sectors like health, education and public administration, plus 1 tracked infrastructure project in the area.
Of the four signals our model scores, buyer demand and community fundamentals lead for Banksia and price growth trails. A suburb score is where we start, not where we stop: every property still has to pass our 29-check screen and fit your Exit Plan before we buy.
Data as at 2 November 2026 from SuburbsFinder, ABS Census and public project sources, scored by Handle's suburb model across 3,393 suburbs. Bands: Prime is roughly the top 10%, Strong the next 20%, Watch the next 15%. General information only, not financial advice. Past growth is not a guide to future growth.
Banksia is not on Handle's current shortlist as at November 2026. The median house is $1,816,000 with a 2.6% gross yield and 2.09% vacancy. Whether it suits you depends on your borrowing, budget and plan, so we check every property against our 29-point screen before recommending it.
The postcode for Banksia, NSW is 2216. Banksia is in the Bayside local government area, and our data below covers houses in Banksia itself rather than the wider council area.
The median house price in Banksia, NSW is $1,816,000 as at November 2026, against $1,941,750 across Bayside. Values moved +5.6% over the last 12 months and averaged 7.3% a year over five years.
A median house in Banksia rents for $900 a week, a gross rental yield of 2.6%. The Bayside median is 2.8%. Rents changed +9.4% over 12 months.
Vacancy in Banksia is 2.09%. That is above the 1.5% line we treat as tight, so tenant demand is steady rather than stretched.
Employment across Bayside is led by health care and social assistance, professional, scientific and technical services, retail trade, with 13% of jobs in government-backed sectors. Infrastructure in the area includes Sydney Metro West (Parramatta to CBD). Homes sell in about 32 days with 2.6 months of stock.
Written by Ahijith (AJ) Chandra, co-founder of Handle Properties. Updated weekly; data as at 2 November 2026. Handle Properties is a licensed buyers agency, not a financial adviser.
Located in the dynamic state of NSW (postcode 2216), BANKSIA is a vibrant real estate market. This suburb holds a median house price of $1,345,000 and has demonstrated an average buying growth of Down -14.9%. Last month, 7 houses were available, with 34 transactions completed in the past year. Properties spend around 46 days on the market, reflecting the area's demand with 560 interested buyers. The average rental yield stands at 2.6%, with a weekly median rent of $412 per week and an average rent growth of Up 16.7%. Rental properties usually stay on the market for 23 days. The population in 2016 was 3377, which changed by +4.50% in the past five years. The median weekly household income is $1,748, reflecting an income change of +26.57% over the past five years. Residents have a median age of 37 years, and the suburb has an average annual growth for houses of +3.84%. To fully take advantage of BANKSIA's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in BANKSIA, Handle provides end-to-end property investment services, backed by data and experts.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.