Units & Apartments in Banksia

Under-the-radar suburb with solid yields and potential for gentrification upside.

$680K

Median Unit

+4.8%

Annual Growth

4.3%

Rental Yield

$510K

Entry Level

Get Unit Alerts Call 0411 818 171

Why Buy a Unit in Banksia?

Units in Banksia offer excellent rental yields and affordable entry points for first home buyers and investors.

Low Maintenance

No gardens or exterior to maintain

Security

Secure buildings with intercom access

Modern Amenities

Gyms, pools, and common areas

Affordable Entry

Lower entry price than houses

Banksia Unit Market – March 2026

Price & Yield Analysis

Median Unit Price$680K

Entry Level$510K

12-Month Growth+4.8%

Rental Yield4.3%

Days on Market36 days

Who Buys Units Here?

First home buyers (entry under $510K)
Investors seeking 4.3% yields
Downsizers wanting low maintenance
Young professionals (12km to CBD)
50% of suburb rents (strong demand)

Recent Sales in Banksia

Properties sold in 2216 in the last 3 months

house

93 Railway Parade, Banksia

4 bed2 bath

Sold$1.92M

Feb 202624 days on market

unit

20/50 King Street, Banksia

2 bed1 bath

Sold$666K

Feb 202618 days on market

townhouse

43 Bay Street, Banksia

3 bed2 bath

Sold$1.11M

Jan 202632 days on market

house

81 The Grand Parade, Banksia

5 bed3 bath

Sold$2.23M

Jan 202621 days on market

unit

7/53 Princes Highway, Banksia

1 bed1 bath

Sold$584K

Dec 202528 days on market

Sale prices are indicative and sourced from publicly available data. Contact Michael for accurate current market data.

What Banksia Clients Say

Real results from real clients in Banksia and surrounding suburbs

“Michael convinced us to look at Banksia when we couldn't afford Rockdale. Same train line, quieter streets, great community.”

Tim & Lucy H.

3-bed House • Banksia • 2025

“My first home! Michael found me an affordable unit in Banksia with direct trains to work. Exactly what I needed.”

Yuki T.

1-bed Unit • Banksia • 2024

“Michael's knowledge of the St George market was invaluable. He achieved a price well above our expectations.”

James & Sarah T.

Family Home • St George • 2025

Investing FAQs for Banksia

Common questions about buying property in Banksia

Is Banksia undervalued?

Many analysts consider Banksia undervalued relative to Rockdale. With similar transport and 4.3% unit yields, there's potential for catch-up growth.

What rental yields can I expect in St George?

St George offers rental yields of 2.5-3% for houses and 3.5-4.5% for units. Suburbs like Rockdale and Hurstville offer higher yields due to strong professional tenant demand.

Is St George good for negative gearing?

Yes, properties with strong capital growth potential and moderate yields work well for negative gearing strategies. Michael can analyse specific properties for investment suitability.

What are vacancy rates like?

St George has extremely low vacancy rates (under 1.5%) due to strong demand from professionals, families, and students. This means minimal rental income interruption.