Is BANKSIA GROVE a good suburb for positive geared property investment in Australia?

BANKSIA GROVE in WA currently features property rental yields up to 4.6% with a 12-month capital growth value of Up 18.1%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in BANKSIA GROVE 6031?

The median house price in BANKSIA GROVE 6031 is approximately $826,500 based on the latest tracked market indices.

Investment Spotlight • Australia

BANKSIA GROVE 6031

State: WA

Updated: 6 August 2026

PosiProp AI Investment Summary

BANKSIA GROVE (WA 6031) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.6% and has experienced a 12-month capital growth of Up 18.1%, with a median house buy price of $826,500. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.

Positive Gearing Potential Verified: Suburb rental index metrics qualify Richmond for positive cash flow portfolios. Review the price brackets and explore the live listings below.

Market Yield & Price Indices

2 house • buy

$615,000

Up 8.4% 5.0% Yield

3 house • buy

$780,000

Up 20.0% 4.7% Yield

4 house • buy

$875,000

Up 15.9% 4.5% Yield

all house • buy

$826,500

Up 18.1% 4.6% Yield

Suburb Market Profile

Last month Banksia Grove had 27 properties available for rent and 67 properties for sale. Median property prices over the last year range from $826,500 for houses to $698,800 for units. If you are looking for an investment property, consider houses in Banksia Grove rent out for $730 PW with an annual rental yield of 4.6% and units rent for $663 PW with a rental yield of 4.9%. Banksia Grove has seen an annual compound growth rate of 18.1% for houses and 16.5% for units.

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