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Michael Kalinovski
Banksia NSW 2216 · St George Region · Sydney

Property Prices in Banksia NSW 2216

Property prices in Banksia NSW 2216 as of June 2026: the median house price is $1.75M (+7.2% YoY) and the median unit price is $680K (+4.8% YoY). Houses sell in 30 days on average. Gross rental yields are 2.9% for houses and 4.3% for units. Data sourced from CoreLogic and Domain.

Updated
Median House

$1.75M

+7.2% YoY

Median Unit

$680K

+4.8% YoY

Days on Market

30

houses avg.

Rental Yield

4.3%

units gross

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What Is Property Prices in Banksia?

Property prices in Banksia NSW 2216 reflect the suburb's position in the St George region of Sydney, Australia. As of 2026, the median house price is $1.75M (7.2% annual growth) and the median unit price is $680K (4.8% growth). Houses sell in 30 days on average. For a free, accurate property valuation in Banksia, contact Michael Kalinovski on 0411 818 171 or visit michaelkalinovski.com/appraisal.

Source: CoreLogic, Domain, SQM Research

What Are the Property Prices in Banksia in 2026?

Houses

Banksia NSW 2216

Median Price$1.75M
Annual Growth+7.2%
Entry Level$1.40M
Avg. Days on Market30 days
Gross Rental Yield2.9%

Units & Apartments

Banksia NSW 2216

Median Price$680K
Annual Growth+4.8%
Entry Level$510K
Avg. Days on Market36 days
Gross Rental Yield4.3%

Other Property Types in Banksia

Median Townhouse$1.08M
Median Villa$980K

What Are the Demographics of Banksia?

3,850

Population

50%

Owner Occupied

$80K

Median Household Income

36

Median Age

Location & Transport

To Sydney CBD

16 min

To Airport

7 min

To Beach

6 min (Brighton-Le-Sands)

Why Are Property Prices in Banksia Growing in 2026?

Strong Demand

Banksia attracts buyers across all demographics — from first home buyers to downsizers. The convenient location keeps demand consistently high.

Prime Location

Just 12km from Sydney CBD, Banksia offers easy access to transport, schools, and amenities. 7 min to Sydney Airport.

Infrastructure Growth

The St George region continues to benefit from infrastructure investment, improved transport links, and urban renewal projects driving long-term property value growth.

Banksia Location

Michael's office is just minutes from Banksia

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Key Landmarks in Banksia

Banksia StationBanksia Heritage Railway StationScarborough Park

Visit Michael's Office

Shop 1/343 Bay St, Brighton-Le-Sands NSW 2216

0411 818 171

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Local Expert: Michael Kalinovski

With over 25 years exclusively in the St George region and 700+ homes sold, Michael provides the most accurate property valuations in Banksia. His deep local knowledge of Banksia's streets, recent sales, and buyer demand means you get real market insights — not algorithm-generated estimates.

25+ Years Experience
5.0 Google Rating
700+ Homes Sold
Free Appraisal 0411 818 171

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Is Banksia a Good Suburb to Buy Property in 2026?

Arguments For

  • +Banksia house prices grew 7.2% in the past year — strong capital growth driven by infrastructure investment and lifestyle demand.
  • +Rental yields of 2.9% (houses) and 4.3% (units) provide reliable income for investors.
  • +Pre-CGT reform demand (effective 1 July 2026) is attracting investors who want to lock in current favourable tax settings.
  • +Banksia's position in the St George corridor — close to the CBD, airport, and beaches — supports long-term property value growth.

Arguments Against

  • −Entry-level house prices start at $1.40M — high barriers to entry compared to outer suburbs.
  • −RBA cash rate at 4.10% increases borrowing costs, reducing purchasing power for buyers with large mortgages.
  • −Stamp duty on a $1.75M house can exceed $60K for non-first-home buyers — factor this into your total acquisition cost.
  • −If buying for investment, the proposed negative gearing changes (1 July 2026) may reduce future tax deductions on new purchases.

Balanced assessment: Banksia remains one of the strongest suburbs in St George for both owner-occupiers and investors in 2026. For personalised advice on whether to buy in Banksia, contact Michael Kalinovski (0411 818 171) for a free consultation.

Frequently Asked Questions — Banksia Property Prices

What is the median house price in Banksia?
The median house price in Banksia (2216) is $1.75M as of 2026, with annual growth of 7.2%. Houses typically sell within 30 days on market.
What is the median unit price in Banksia?
The median unit/apartment price in Banksia is $680K, with 4.8% annual growth. Units take approximately 36 days to sell.
Are property prices in Banksia going up?
Yes, Banksia property prices have shown strong growth. Houses have increased by 7.2% over the past 12 months, while units grew by 4.8%. The St George region continues to benefit from infrastructure investment and lifestyle demand.
How much does it cost to buy a house in Banksia NSW?
Entry-level houses in Banksia start from around $1.40M, while the median price is $1.75M. For units, entry prices start from $510K. For a free, accurate valuation of a specific property, contact Michael Kalinovski on 0411 818 171.
What is the rental yield in Banksia?
Banksia offers a gross rental yield of 2.9% for houses and 4.3% for units. With 50% of residents renting, there is consistent rental demand in the area.
How long does it take to sell a property in Banksia?
On average, houses in Banksia sell in 30 days and units in 36 days. Properties marketed by experienced local agents often sell faster. Michael Kalinovski's listings average significantly shorter time on market.
Are Banksia property prices going up or down in 2026?
In 2026, Banksia house prices are up 7.2% year-on-year and unit prices are up 4.8%. The St George region continues to benefit from proximity to the airport, transport upgrades, and lifestyle demand. For a suburb-specific outlook, contact Michael Kalinovski on 0411 818 171.
Why are houses in Banksia so expensive?
Banksia commands premium prices due to its beachside location, proximity to the CBD (14km), strong school catchments, multicultural dining, and the 7km Lady Robinsons Beach foreshore. Limited housing stock (only ~35 house sales per year) creates competitive bidding that pushes prices above the Sydney median.
What is the average house price in Banksia NSW 2216?
The median house price in Banksia (2216) is $1.75M as of 2026. Entry-level houses start from approximately $1.40M. For premium waterfront and water-view homes, prices typically exceed $2.5M. Contact Michael Kalinovski for a free property appraisal.
Is Banksia a good suburb to invest in?
Banksia offers a gross rental yield of 2.9% for houses and 4.3% for units. While yields are modest, the suburb has delivered consistent capital growth — houses up 7.2% and units up 4.8% in the last year. Low vacancy rates and strong tenant demand from professionals make it a reliable long-term investment. Michael Kalinovski manages investment portfolios across the St George region — call 0411 818 171 for guidance.

Explore Nearby Suburbs

Looking at other areas? Michael also services these neighbouring suburbs:

Rockdale
$1.92M$715K units+8.2%
Kyeemagh
$2.10M$830K units+6%
Arncliffe
$1.68M$665K units+7.8%
Brighton-Le-Sands
$2.15M$908K units+7.5%
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