10 Fishbone Turn, Banksia Grove WA 6031
10 Fishbone Turn, Banksia Grove WA 6031
Modern 4×2 family format | 2014 build era | Bushfire overlay noted | Family-demand suburb | School catchment access
This property sits in a pocket of Banksia Grove where the housing stock is overwhelmingly modern, single-storey family houses built around the same period. The 4 bedroom, 2 bathroom, double garage configuration is the dominant and most sought-after format in this part of the suburb, and it serves a clear market: young families and established upgraders who want a practical, low-maintenance layout with room to grow. The street itself is quiet and low-rise, with some bush-adjacent outlooks that add a layer of amenity not found in every outer-suburban pocket. For a buyer wanting a straightforward, contemporary family home with school catchment access and solid rental appeal, this property type is well matched to what the local market consistently absorbs.
The bushfire overlay is the one environmental factor that may warrant attention, though it is not uncommon in this part of Perth’s northern fringe and does not necessarily hinder liveability or resale. Land size in the mid-300s to mid-400s square metres is typical for the area, so the property’s value will likely hinge on its internal finish level, the quality of its outdoor space, and how it compares to similar 4×2 houses in the immediate street. The 2014 build era means the property should offer modern construction standards without the premium attached to brand-new builds, but buyers should weigh whether any deferred maintenance or dated finishes might require a modest budget for updates. Rental demand for this format appears healthy, which may support the price for investors as much as owner-occupiers.
|| Comparable Sales: 37 Fishbone Turn sold May 2022 around $900K; 60 Fishbone Turn valued near $903K | Property Price Band: $850K–$950K | Value Drivers: Land size, internal condition, bush outlook proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Fishbone Turn, Banksia Grove WA 6031
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
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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: 37 Fishbone Turn sold May 2022 around $900K; 60 Fishbone Turn valued near $903K | Property Price Band: $850K–$950K | Value Drivers: Land size, internal condition, bush outlook proximity
Bedrooms
4
Bathroom
2
Parking
2
Land
480m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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