28 Echidna Street, Banksia Grove WA 6031
28 Echidna Street, Banksia Grove WA 6031
Detached family house | Four-bed two-bath layout | Strong rental demand | Modern low-maintenance build | Established master-planned suburb
This property is positioned as a solid family house within a master-planned suburban growth area. Its four-bedroom, two-bathroom configuration is well matched to households seeking practical living space, while the modern low-maintenance design is appealing to those wanting minimal upkeep. The house is well suited to serve families and first-home buyers, offering a balance of bedrooms, bathrooms, and expected yard size that is considered practical for everyday needs. Its competitive strength is found in the combination of contemporary finishes and a layout that is both functional and easy to care for, making it a sensible choice for owner-occupiers and investors alike.
The value of this property may be influenced by the exact land size and how it compares to typical lots in the area. A larger allotment might be expected to command a premium, while a smaller one could be seen as limiting appeal. Condition and presentation may be weighed heavily, as modern interiors tend to be preferred. Rental yield potential might be assessed by investors, given the active leasing demand. The absence of standout features could keep the price within a standard band, but strong family demand might be relied upon to create competitive tension.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Echidna Street, Banksia Grove WA 6031
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Banksia Grove is a north-eastern Perth suburb positioned as a mid-market family location, with demand driven by buyers seeking detached housing below the Perth median. House prices have risen sharply, with median values spanning $700,000 to $768,250 depending on the source, and annual growth of 13% to 17.7% over the past year. Market conditions are tight; median days on market range from 8 to 11 days in most data, indicating strong buyer competition, though one source reports a slower 40-day figure. Rental demand is robust, with median house rent at $720 per week and gross yields around 4.8% to 4.9%, supporting investor interest. Sales activity is solid, with roughly 115 to 265 houses transacted annually across sources. Growth is underpinned by affordability relative to established Perth suburbs and tight supply, but risks include rising rate sensitivity and potential price correction after such rapid appreciation.
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PropCred Estimated Value
Comparable Sales: 28 Lancewood Street sold for $985,000 on a 450m² lot | Property Price Band: $900K–$1M | Value Drivers: land size, condition, layout, presentation
Bedrooms
3
Bathroom
2
Parking
2
Land
406m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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