Banksia Grove at a glance
12,691
People
$852,750
Median sale
$720/wk
Median rent
4.39%
Suburb gross yield
Median sale from 112 recorded sales (last 12 months) — a Districts calculation.
WA › Banksia Grove › Formosa Way
$815,000
Last sold
6 Mar 2026
3
Bedrooms
2
Bathrooms
1
Car spaces
228 m²
Land
106 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
No verification items generated for this record.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$815,000
6 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Banksia Grove (last 5 years) with land size have a median of $1,990/m² of land (n=165). Districts calculation from recorded sales — not a valuation.
Banksia Grove at a glance
12,691
People
$852,750
Median sale
$720/wk
Median rent
4.39%
Suburb gross yield
Median sale from 112 recorded sales (last 12 months) — a Districts calculation.
Vs Banksia Grove
-4.4%
Median sale
Suburb $852,750
+0.20 pp
Gross yield
Suburb 4.39%
Suburb median $852,750 from 112 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
WANNEROO
Zone
Local road
796
Jurisdiction
Wanneroo
Wanneroo, WA
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
The official layer was queried and no bushfire risk zone was detected on this parcel (Landgate SLIP, retrieved 1 Sept 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.
The official layer was queried and no heritage listed area was detected on this parcel (Landgate SLIP, retrieved 1 Sept 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 228 m² — that is not official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $720/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
2 of 10 questions answered so far
Development optionality of this lot
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 228 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumNo material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Banksia Grove at a glance
12,691
People
$852,750
Median sale
$720/wk
Median rent
4.39%
Suburb gross yield
Median sale from 112 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Rize PropertyCongratulations to rthe happy buyers and sellers on this amazing sale :)
Peter Parsons from RIZE Property is proud to be selected to sell 15 Formosa Way, Banksia Grove
This immaculately presented home offers a modern, spacious and highly practical layout with a design and flow you will genuinely fall in love with. Bright, beach inspired tones combined with meticulous attention to detail throughout make this property stand out from the moment you arrive.
The impressive street presence, landscaped gardens and artificial lawn create a striking yet low maintenance first impression. At the heart of the home is a premium stone kitchen featuring a large Westinghouse oven, five burner cooktop, generous bench space and an oversized walk in pantry with exceptional storage. The kitchen connects seamlessly with the expansive open plan dining and living area, flowing effortlessly out to the alfresco for relaxed entertaining.
A modern laundry and stylish second bathroom complete the internal living zones perfectly. The oversized master bedroom includes a walk in robe, private ensuite and secure access to the alfresco. Bedrooms two and three are generous queen sized rooms with built in robes, ideal for family, guests or a home office.
This is a feature packed residence with a front facing garage and convenient shoppers entry. Security doors, additional electrical outlets throughout, solar panels, ducted and zoned air conditioning, plus upgraded finishes such as the extended driveway and matching alfresco flooring all add genuine long term value.
Secure, functional and easy to maintain, this is a home that simply makes sense.
FEATURES
Fantastic curb appeal
Landscaped gardens with artifical grass
Extended upgraded driveway
Front facing garage with shoppers entry
Premium stone kitchen kitchen with quality appliances and large pantry
Open plan living and dining
Seamless flow to alfresco with inside / outside feel
Modern laundry
Stylish second bathroom
Huge master bedroom with WIR and ensuite
Secure alfresco access from master
Queen sized bedrooms 2 & 3 with built in robes
Additional electrical outlets throughout
Security doors
Ducted and zoned air conditioning
Solar panel system
Private and amazing alfresco
Low maintenance backyard
Stunning presentation
For more information about this property, contact Peter Parsons on 0466 541 301
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Listing description written by Peter Parsons, Rize Property — reproduced as published, not verified by Districts.
Also look at
3 Birdsnest Cres, Banksia Grove WA 6031
3-bed house for sale. Currently listed.
331 Grandis Blvd, Banksia Grove WA 6031
3-bed house for sale. Asking $690K.
27 Bluebill Rd, Banksia Grove WA 6031
4-bed house for sale. Currently listed.
6 Lyndley Rd, Banksia Grove WA 6031
3-bed house for sale. Currently listed.