Banks, ACT 2906
Compare Part of Unincorporated ACT
21.00 km
Distance from Canberra CBD
16 k
Population
Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $400,000 | 0.0% | $355 | $940,000 | 105 |
| 2010 | $439,950 | +9.1% | $250,000 | $877,000 | 105 |
| 2011 | $415,000 | -6.0% | $325,000 | $750,000 | 77 |
| 2012 | $450,000 | +7.8% | $300,000 | $855,000 | 58 |
| 2013 | $440,500 | -2.2% | $73,000 | $920,000 | 84 |
| 2014 | $442,000 | +0.3% | $315,000 | $970,000 | 45 |
| 2015 | $435,000 | -1.6% | $357,500 | $830,000 | 40 |
| 2016 | $435,000 | 0.0% | $350,000 | $855,000 | 44 |
| 2017 | $542,000 | +19.7% | $375,000 | $970,000 | 56 |
| 2018 | $487,000 | -11.3% | $330,000 | $875,000 | 53 |
| 2019 | $527,500 | +7.7% | $383,000 | $1,130,000 | 58 |
| 2020 | $590,000 | +10.6% | $420,000 | $1,187,500 | 63 |
| 2021 | $755,000 | +21.9% | $485,000 | $1,470,000 | 48 |
| 2022 | $840,000 | +10.1% | $612,000 | $1,550,000 | 44 |
| 2023 | $740,000 | -13.5% | $610,000 | $1,190,000 | 36 |
| 2024 | $749,000 | +1.2% | $651,000 | $1,600,000 | 40 |
Median Sale Price
$749K
Based on 41 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
+0.5%
Current Median Price: $749,000
Previous Median Price: $745,000
Based on 77 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $440 | 0.0% | $380 | $875 | 17 |
| 2012 | $440 | 0.0% | $230 | $675 | 23 |
| 2013 | $415 | -6.0% | $340 | $595 | 47 |
| 2014 | $380 | -9.2% | $340 | $680 | 33 |
| 2015 | $400 | +5.0% | $335 | $680 | 38 |
| 2016 | $435 | +8.0% | $370 | $770 | 32 |
| 2017 | $450 | +3.3% | $380 | $670 | 38 |
| 2018 | $485 | +7.2% | $400 | $700 | 26 |
| 2019 | $490 | +1.0% | $340 | $750 | 28 |
| 2020 | $510 | +3.9% | $340 | $690 | 14 |
| 2021 | $540 | +5.6% | $470 | $1,000 | 15 |
| 2022 | $600 | +10.0% | $520 | $750 | 23 |
| 2023 | $590 | -1.7% | $505 | $1,200 | 30 |
| 2024 | $620 | +4.8% | $470 | $1,200 | 29 |
Median Rent Price
$620
per week
Based on 30 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+4.8%
Current Median Rent: $620
Previous Median Rent: $590
Based on 59 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.3%
Current Median Price: $749,000
Current Median rent: $620
Based on 71 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Banks
Houses sold in Last 12 months ends 21 Dec 2024
$870K
Median Sale Price
54%
Clearance Rate
8/15
Sold/Reported
$990K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $800 K - $1 M (Median Price Range) | 3 | |
| $600 K - $800 K | 2 | |
Similar Suburbs to Banks 2906
Based on median house sale price sold in last 12 months
Schools closest to Banks, ACT 2906
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Charles Conder Primary School | TOM ROBERTS AVENUEConder 2905 | Primary | Government | 0.52 km |
| St Clare of Assisi Primary School | CNR BOXHILL AVENUE AND HEIDELBERG STREETConder 2906 | Primary | Catholic | 0.72 km |
| Lanyon High School | HEIDELBERG STREETConder 2905 | Secondary | Government | 0.91 km |
| Gordon Primary School | KNOKE AVENUEGordon 2906 | Primary | Government | 1.56 km |