Get a property report and suburb profile for any property in Banksia Grove

Banksia Grove is a modern, family-oriented suburb in Perth's northern suburbs, shaped around parks, planted native reserves and wetland areas that encourage an outdoor lifestyle. The built environment is largely recent, with single-storey brick homes on modest lots and pockets of townhouse development that suit growing households and younger professionals. Local life centres on a suburban shopping precinct, sports ovals, playgrounds and a community centre, while wide streets, cycle paths and nearby bushland reserves reinforce a relaxed, suburban feel. Bus connections link residents to the region's rail line and coastal centres.

The community numbers 11,351 people with a median age of 30, and families make up the bulk of households, led by couple families with children. About three in four homes are owner-occupied and the typical household income is $1,956 a week. Early works are underway on a new public primary school, Banksia Grove West Primary School, and the City is planning a major road upgrade through the suburb. Whether that mix suits you comes down to what you are looking for in a suburb.

In Banksia Grove a typical local household earned $1,956 a week at the last Census. A house renting for $725 a week would use about 37.1% of that weekly income, a sizeable share. Buying looks more stretched: the median house price of $850,000 is about 8.4 times a typical local household's annual income at the last Census, which sits well above local incomes. Which matters more depends on whether you are renting or buying and on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months house values in Banksia Grove climbed 20.6%, a strong increase in what a house is worth. House rents rose 5.1% in the same period, a solid gain in rental income, so on the house side capital growth has been the stronger performer this year; whether that mix suits you will come down to your individual goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.