Banksia vs Mortdale
Property investment comparison - Banksia, NSW 2216 vs Mortdale, NSW 2223
Head-to-head across core investment metrics: Banksia wins 3, Mortdale wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Banksia | Mortdale |
|---|---|---|
| Median house price | $1.9M | $1.9M |
| Median unit price | $775K | $815K |
| Gross rental yield (houses) | - | 2.55% |
| Gross rental yield (units) | 4.46% | 4.25% |
| 1-year house growth | +7.9%estimate | +7.2%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 1.5% | 0.9% |
| Population | 3,277 | 10,745 |
Banksia vs Mortdale: what the numbers say
The median house price is $1.9M in Banksia and $1.9M in Mortdale, so Mortdale is the cheaper entry point.
For units, Banksia sits at a median of $775K against $815K in Mortdale, which makes Banksia the more affordable unit market and Mortdale the pricier one.
Over the past year house prices moved +7.9% in Banksia (an estimate) and +7.2% in Mortdale (an estimate), so recent momentum favours Banksia, although both suburbs recorded growth.
Rental vacancy is 0.9% in Mortdale and 1.5% in Banksia, so landlords in Mortdale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Mortdale is the bigger suburb, with a population of 10,745 against 3,277, roughly 3.3 times the size of Banksia; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Mortdale for a lower purchase price, Banksia for recent price momentum, Mortdale for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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