What is the true cost of buying an apartment in Banksia?

The median apartment in Banksia is $685,000. Including stamp duty ($25,355), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $54,068, or $4,506/month.

What does it really cost to buy a house in Banksia?

The median house in Banksia is $1,180,000. True first-year cost including stamp duty ($47,630), rates, insurance, maintenance, and mortgage repayments is approximately $82,604.

What is the vacancy rate in Banksia?

Banksia currently has a vacancy rate of 2.1%. Properties average 32 days on market.

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True Cost of Buying in Banksia

2216 NSW · 13km to CBD

Rising

Market Intelligence

Banksia, NSW 2216 is a well-positioned residential suburb in Sydney's St George region, located 13km south of the CBD within Bayside Council. This multicultural community benefits from excellent connectivity to both Sydney Airport (10-15 minutes) and the CBD via bus services to Rockdale station. The suburb features a diverse housing mix including older fibro homes, brick houses, and newer developments, making it attractive to first home buyers, investors, and airport workers. With close proximity to Brighton-Le-Sands beach and Botany Bay foreshore, residents enjoy coastal lifestyle benefits alongside urban convenience. The area offers good amenities including Banksia Public School, local parks, and nearby shopping at Rockdale Plaza. While aircraft noise from Sydney Airport presents some challenges, the suburb's strategic location, transport links, and affordability continue to drive steady demand in the property market.

Strategic location 13km from Sydney CBDClose proximity to Sydney Airport (10-15 minutes)Access to Brighton-Le-Sands beach and Botany BayStrong transport connectivity via bus to Rockdale stationDiverse housing stock appealing to various buyers

Market Snapshot

Median House

$1.2M

+6.2% 1yr

Median Apartment

$685K

+5.8% 1yr

Median Townhouse

$920K

Vacancy Rate

2.1%

32 avg DOM

Yield (Apartment)

5.1%

Yield (House)

4.2%

Auction Clearance

72%

Population

4,800

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$4,506/mo

Purchase Price

$685,000

Stamp Duty

$25,355

1st Year Total

$54,068

House

$6,884/mo

Purchase Price

$1,180,000

Stamp Duty

$47,630

1st Year Total

$82,604

Townhouse

$5,494/mo

Purchase Price

$920,000

Stamp Duty

$35,930

1st Year Total

$65,924

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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