Banks ACT 2906

Here you can find what you need to know about Banks, ACT, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$738K Median Sale Price (National Average $485k) 94th In ACT
-7.81% Median Sale Price Change (1yr) (National Average 4.30%) 79th In ACT
$580pw Median Rent (National Average $395) 95th In ACT
4.1% Median Gross Yield (National Average 4.24%) 17th In ACT
Properties sold 47
Average discounting -4.61%
Average Days on Market 52
Stock on Market 3 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
Upgrade to Premium to view Investment Strategy Scores for every available property and suburb in Australia
Upgrade to Premium to view pros & cons and Investment Strategy Scores for every available property and suburb in Australia
How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Banks, ACT National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Banks, ACT National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Banks, ACT National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Banks


Loading

State Auction Clearance Rates


Loading

Local Schools


Loading

Suburb Information

Banks, ACT 2906

Part of: Unincorporated ACT Council No data available

The size of Banks is approximately 2.3 square kilometres. It has 8 parks covering nearly 13.3% of total area. The population of Banks in 2011 was 5,060 people. By 2016 the population was 4,966 showing a population decline of 1.9% in the area during that time. The predominant age group in Banks is 0-9 years. Households in Banks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Banks work in a clerical occupation. In 2011, 79.3% of the homes in Banks were owner-occupied compared with 78.1% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Banks

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Banks   for Houses in last 12 months


There have been 47 Houses sold in Banks in the past 12 months with a median sale price of $738K, down 7.8% annually. It takes on average 38 days to sell with vendor discounting of -4.6%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Belconnen ACT, 2617 4.96% $603,500 $520pw 4.5% View Suburb Profile
Bonner ACT, 2914 -4.57% $940,000 $680pw 3.8% View Suburb Profile
Banksia NSW, 2216 6.50% $1,500,000 $750pw 2.6% View Suburb Profile
Bankstown NSW, 2200 10.42% $1,325,000 $700pw 2.8% View Suburb Profile
Isaacs ACT, 2607 -24.17% $1,137,500 $835pw 3.8% View Suburb Profile
Braddon ACT, 2612 17.39% $742,500 $640pw 4.5% View Suburb Profile