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 › Rhizome Way
$715,000
For sale
Asking
3
Bedrooms
2
Bathrooms
2
Car spaces
225 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Asking
$715,000
Asking · $3,178/m² of land
No recorded sale for this property.
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
-16.2%
Median sale
Suburb $852,750
+0.85 pp
Gross yield
Suburb 4.39%
Suburb median $852,750 from 112 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$31,903 on top of the price (4.5% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Western Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Banksia Grove's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
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.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
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 225 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.
Official flood overlay has not been retrieved (pending). 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.
Gross yield if leased at the suburb aggregate is 5.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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.
1 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 225 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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried 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 Real EstateTake this opportunity to purchase your first home or perfect downsizer on a quiet street in a desirable location in Banksia Grove!
Built in 2015 on a 225sqm block and offering three bedrooms and two bathrooms, this property has been thoughtfully designed for comfort and practicality. The home features an open-plan living and dining area that flows seamlessly into the kitchen, creating a warm and inviting space ideal for both everyday living and entertaining. The master bedroom includes a private ensuite, while the additional bedrooms are well-proportioned and serviced by a central family bathroom. Outside, the low-maintenance yard and functional layout support a convenient lock-and-leave lifestyle with minimal upkeep required.
Features include but not limited to:
• Light-filled open plan kitchen featuring a generous stone island bench, pantry, stainless steel appliances and ample storage
• Master Suite with his and hers walk in robes and an ensuite with XL shower, plenty of storage space and enclosed W/C
• Spacious secondary bedrooms with double sliding robes
• Modern, well-appointed family bathroom servicing minor bedrooms
• Paved courtyard to rear with neat garden bed
• Split system aircon to main living and master suite
• Separate laundry
• Easy care flooring throughout
• Double remote garage -rear loaded
Arrange a Private Viewing Today! 📞0466115688 | mike@rizerealestate.com.au.
For more details or to stay in the loop on upcoming listings, reach out to Mike Gjestland at Rize Real Estate. Mike and the team are ready to help you find the perfect home that fits your lifestyle.
🏡 Why You'll Love Banksia Grove:
🛒 Shopping & Dining
• Banksia Grove Shopping Precinct with Coles, Woolworths & Aldi
• A mix of cafés, local eateries & fast-food options
🌳 Lifestyle & Recreation
• Approx. 12 tranquil local parks scattered throughout the suburb
• Skate Park for the kids (and big kids)
• 3 gyms to choose from: Snap Fitness, Plus Fitness & Revo Fitness
• Close to Wanneroo Golf Course for golf lovers
🎓 Education & Family Living
• 3 primary schools (2 public/1 private) and 1 public high school with a 4th public primary school currently under construction and expected to open in 2027
• 6 early learning childcare centres - perfect for growing families
🚗 Transportation (Approx. Only)
• 8-minute drive to Currambine Train Station
• 6-minute drive to Mitchell Freeway
• Bus routes 390 & 391 throughout Banksia Grove connecting to Joondalup Train Station
• 12-minute drive to the Burns Beach foreshore
• 28 km north of Perth CBD and around a 30 minute drive
📌 Rates & Property Information
• Council Rates: Approx. $1,800 per annum
• Water Rates: Approx. $1,600 per annum
• Block Size: 225 sqm
• Year Built: 2015
• Internal Floor Size: 105 sqm
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 Mike Gjestland, Rize Real Estate — reproduced as published, not verified by Districts.
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