Banksia Grove Real Estate & Property Market

Banksia Grove is a modern master-planned community in the City of Wanneroo, about 28 km north of the Perth CBD. Development began in the late 1990s and continues in stages – the 338-hectare estate will eventually include ~4,000 homes. The suburb is designed for families, with parks, schools and local shops integrated into the plan. As of the 2021 Census, Banksia Grove had about 11,351 residents (median age ~30). Households are largely young families (3,090 family households, avg ~1.9 children) in owner-occupied homes. Key facts include:

Location: Postcode 6031, City of Wanneroo; ~28 km north of Perth (Flynn Drive links directly to the Mitchell Freeway).
Population & Demographics: ~11,350 people (2021), median age 30.
High family-orientation: ~27% are children under 14, with average 1.9 kids per family. Median weekly household income ~$1,956(above state average).
Community Design: Integrated “master-planned” estate with 4 parks, a community centre and two government primary schools. Planning for a full Banksia Grove District Centre is underway, promising a future commercial hub for shops, offices and services.
Lifestyle: Designed for families – abundant green space and modern homes. Carramar Golf Club is just 5 minutes away. Despite suburban settings, freeway access and bus links to Joondalup train station mean commuting to Perth or Joondalup is convenient.

Banksia Grove offers extensive family-friendly amenities and community facilities:

Parks & Playgrounds: A network of parks runs through the suburb. The central Discovery Park and Honey Possum Park feature landscaped ‘living streams’, adventure playgrounds (including a large sky-net climbing net), nature play areas and walking trails. Picnic shelters, an amphitheatre and shaded lawns host community events (e.g. Australia Day breakfast, “movies in the park”). The Mungitj Eco-Art Bushland Trail (opened 2012) combines art and Indigenous heritage along nature paths in Discovery Park.
Community Centres & Sports: The Banksia Grove Community Centre (14 Grasstree Bend) has two large activity rooms, playground and BBQ area, backing onto new sport courts and Peridot Park. Nearby Grandis Park Pavilion (2 Grandis Boulevard) provides change rooms, kiosk and space for local sports. Local sport fields and tennis courts serve clubs and residents.
Shopping & Services: Banksia Grove Village Shopping Centre (corner Joondalup Dr & Joseph Banks Blvd) is the suburb’s retail heart. Anchored by Coles supermarket (with Liquorland) and about 13 specialty shops/cafes, it offers groceries, dining and services within walking distance. The centre is being expanded: a $22M redevelopment (approved in 2025) will add 6 new retail/cafe tenancies (with alfresco dining), a tavern (750-person capacity), drive-through liquor store, swim school, fast-food outlets, and 81 more parking spaces. This will significantly enhance local retail and leisure options. (In future, a larger Banksia Grove District Centre will encompass this shopping village as its southern precinct.)
Schools & Child Care: Banksia Grove has multiple schools close by. Public primaries Banksia Grove Primary (opened 2006) and Grandis Primary serve K–6, and the Catholic St John Paul II Primary opened in 2011. Joseph Banks Secondary College (opened 2015) provides years 7–12 locally. New Banksia Grove West Primary School is planned (opening in 2027) to serve the growing community. Several childcare centres operate in/near the village. Students travel by bus or local roads to these schools.

Nearby Amenities: Major medical, retail and entertainment destinations are a short drive away in Joondalup and Wanneroo. Joondalup Health Campus and large shopping centres are ~10–15 minutes’ drive. Local pharmacies, gyms and convenience shops are also in/near the village centre. Carramar Golf Club and the Wanneroo Golf Club are within a few minutes’ drive for recreation.

Banksia Grove Real Estate Suburb Review

Banksia Grove’s real estate market has been very strong in 2024–2025. Recent data show:

Median Prices: The annual median house sale price is about $675,000 (year to Mar 2025). A typical 3‑bedroom home sells around $625K and a 4‑bedroom around $720K. By comparison, CoreLogic data indicate a median unit (townhouse/villa) value of roughly $534,000). Small residential land parcels are around $205K, medium blocks ~$250K. (These figures are updated as of April 2025.)
Growth: Sales prices have climbed sharply. Over the past year Banksia Grove saw roughly +22.7% growth in median house price. This outpaces nearby suburbs — e.g. Carramar +18.3%, Tapping +20.3%, Mariginiup +11.1%. Over 5 years, CoreLogic reports Banksia Grove house values up ~105%, units +116% (reflecting rapid development and demand).
Market Position: At ~mid-$600Ks, Banksia Grove homes remain slightly below the Perth metro median, making them relatively affordable for buyers seeking new homes north of Joondalup. The strong growth and amenities have also attracted investors. Median rents are around $705/week for houses, suggesting reasonable rental returns on good capital growth.
Property Types: The stock is dominated by newer detached homes on 500–600m² lots (mostly 3–4 BR). There are relatively few older homes – most were built post-2000. Some townhouse/villa complexes exist, but strata properties are a smaller share. New home estates continue in outlying precincts (e.g. “Inspira” estate), so buyers often choose brand-new or near-new homes.

Banksia Grove Buyer Demand Factors

Buyers in Banksia Grove are driven by lifestyle and value. Key demand factors include:

Young Families: The suburb’s profile (median age 30, large share of children) reflects its popularity with growing families. Buyers are attracted by the plentiful parks, playgrounds and schools on the doorstep, plus family-sized homes. (Banksia Grove had ~3,090 families in 2021.)
First‑home & Upgraders: First-home buyers see Banksia Grove as a more affordable entry point compared to inner Perth or Joondalup. With government grants and good transport links, many young couples and professionals buy here. Some upgraders from neighboring areas also move in for bigger yards or newer homes.
Investors: Strong capital growth and rising rents have drawn landlords. Median weekly rent ~$680–705 for houses translates to yields ~4–5%. With rental demand high (due to families and proximity to employment centers), investors target Banksia Grove as a growth suburb.
Owner-Occupier Strength: Most housing is owner-occupied (around 75% in the mid-2010s, indicating a stable community. The higher-than-average household income ($1,956/week) means many buyers are servicing mortgages ($1,800/month median) without hardship.
Community Appeal: The cohesive, family-oriented community feel – plus events at the community centre and parks – makes the area attractive. Buyers often note the suburb’s “master-planned” design and feel of security from living in a unified estate.

Banksia Grove Infrastructure & Development

Several projects are enhancing Banksia Grove’s appeal and amenities:

Banksia Grove Village Upgrade: A $22 million redevelopment of the Banksia Grove Shopping Centre (Joondalup Dr / Joseph Banks Blvd) was approved in 2025. This will add six retail/cafe spaces (with alfresco dining), a tavern (750‑patron), a drive‑through liquor store, three fast-food outlets, a swim school, children’s playground and improved pedestrian plaza. Parking will increase by 81 bays. (The new frontage from Ghost Gum Boulevard is also planned to improve access.) The existing village already includes Coles, specialty shops, gym, childcare and fuel, and is the southern part of the future District Centre.
District Centre Planning: The City of Wanneroo has an approved District Centre Structure Plan (ASP 65) for Banksia Grove, aiming to create a mixed-use hub. While the full commercial precinct is still under development, the village upgrade is the first stage to “infuse the suburb with a vibrant employment and entertainment hub”. In coming years, more shops, offices and possibly a medical centre are expected.

New Schools: The state government has committed to Banksia Grove West Primary School (opening Term 1, 2027) to serve the growing population. This follows existing schools: Joseph Banks Secondary College (opened 2015)and two primary schools. Additional classroom expansions and childcare centres are planned as needed.
Transport Links: The suburb enjoys improved connectivity. The Mitchell Freeway was extended to Romeo Road (Alkimos) in July 2023, reducing travel time to the city. Flynn Drive and Pinjar Road links give easy access to the freeway and Roe Highway. Transperth bus routes (e.g. the 391) connect Banksia Grove to Joondalup and Whitfords train stations. Future local road upgrades (like the new Ghost Gum Blvd access to the shops) will improve traffic flow.
Ongoing Estate Development: Banksia Grove is still being built out. New housing releases and parkland upgrades continue in precincts like Banksia Grove East and West. Community facilities (sportsgrounds, playgrounds, trails) are rolled out as the population grows. All this means the suburb’s infrastructure is expanding – a sign of healthy long-term potential.

Why Choose Xceed Real Estate to Sell Your Banksia Grove Home

Selling in Banksia Grove requires an agent with local knowledge, strong marketing and negotiating skills, and dedicated service. Xceed Real Estate delivers on all fronts:

Targeted
Marketing

We craft a customized marketing campaign for each property. Xceed uses professional photography/video, floor plans and staging advice to showcase homes. We advertise on major real estate portals (realestate.com.au, Domain) and social media, plus leverage our local network. Our agency’s buying power secures prime online placement and prints. The goal is to expose your home to the right audience – maximizing reach among families and investors who are actively looking in Banksia Grove.

Dedicated
Service

From first appraisal to settlement, Xceed handles every detail. You get clear communication and advice at each step. Our team reviews comparable sales and market activity, advises on presentation, and manages inspections and offers efficiently. We handle all paperwork, liaise with solicitors and buyers, and keep you informed. With Xceed, you can be confident we eliminate errors and achieve the best result – because our success is measured by your successful sale.

Banksia Grove Real Estate & Property Market