Banks, ACT 2906
Compare Part of Unincorporated ACT
21.00 km
Distance from Canberra CBD
16 k
Population
Auction Times
Wed 29 Jan | Auction Time | Agency | |
|---|---|---|---|
 | 12 Olive Pink Crescent 4 2 3 House | 5:30 PM Wed 29th Jan | Luton Properties |
 | 40 Olive Pink Crescent 4 2 2 House | 6:30 PM Wed 29th Jan | Luton Properties |
Thu 30 Jan | Auction Time | Agency | |
|---|---|---|---|
 | 22 Wilhelmi Crescent 3 1 1 House | 6:30 PM Thu 30th Jan | Luton Properties |
Fri 31 Jan | Auction Time | Agency | |
|---|---|---|---|
 | 116 Pockett Avenue 3 1 0 House | 5:30 PM Fri 31st Jan | Luton Properties |
Sat 1 Feb | Auction Time | Agency | |
|---|---|---|---|
 | 55 Smeaton Circuit 5 2 3 House | 10:00 AM Sat 1st Feb | AM Property Agency |
Sun 2 Feb | Auction Time | Agency | |
|---|---|---|---|
 | 28 Wilhelmi Crescent 3 1 1 House | 10:00 AM Sun 2nd Feb | Ray White |
Median Sale Price
House
-
Updated on Nov 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Nov 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 | $730,000 | -15.1% | $610,000 | $1,190,000 | 37 |
| 2024 | $749,000 | +2.5% | $651,000 | $1,600,000 | 41 |
| 2025 | $825,000 | +9.2% | $825,000 | $825,000 | 2 |
Median Sale Price
$749K
Based on 41 recorded sales within the last 12 months
Updated on 21 Jan 2025
Suburb Growth
+1.2%
Current Median Price: $749,000
Previous Median Price: $740,000
Based on 78 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2024)
Price Range Segments (12 months ending Dec 2024)
Median Weekly Rent Price
House
-
Updated on Nov 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Nov 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 | $625 | +5.6% | $470 | $1,200 | 34 |
| 2025 | - | - | - | - | - |
Median Rent Price
$625
per week
Based on 33 recorded rent within the last 12 months
Updated on 21 Jan 2025
Rent Price Growth
+5.6%
Current Median Rent: $625
Previous Median Rent: $590
Based on 63 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: $625
Based on 74 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2024)
Auction Results For Banks
Houses sold in Last 12 months ends 18 Jan 2025
$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 |