Banks, ACT 2906

Banks, ACT 2906

Compare Part of Unincorporated ACT

21.00 km
Distance from CBD
16 k
Population

Auction Times

Sat 1 May
Auction Time Agency
6/94 Pockett Avenue
3 2 2 Unit
10:30 AM
Sat 1st May
Ray White
Median Sale Price
House
$620K
Updated on Feb 2021
2 BR
-
3 BR
$539K
4 BR
$727K
Unit
$519K
Updated on Feb 2021
1 BR
-
2 BR
-
3 BR
$516K
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$400,000
0.0% $355 $800,000 105
2010
$435,000
+8.0% $250,000 $805,000 105
2011
$410,000
-6.1% $325,000 $750,000 77
2012
$449,950
+8.9% $300,000 $821,000 58
2013
$440,000
-2.3% $73,000 $920,000 84
2014
$442,000
+0.5% $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
$520,000
+6.3% $383,000 $1,130,000 58
2020
$590,000
+11.9% $420,000 $1,187,500 63
2021
$615,000
+4.1% $525,000 $870,000 15
Median Sale Price
$610K
Based on 62 recorded sales within the last 12 months
Updated on 18 Apr 2021
Suburb Growth
+14.8%
Current Median Price: $610,000
Previous Median Price: $520,000
Based on 121 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2021)
Price Range Segments (12 months ending Mar 2021)
Median Weekly Rent Price
House
$500
Updated on Mar 2021
2 BR
-
3 BR
$500
4 BR
$635
Unit
$470
Updated on Mar 2021
2 BR
-
3 BR
$460
4 BR
$600
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 $650 38
2018
$480
+6.3% $400 $700 26
2019
$490
+2.0% $340 $750 28
2020
$510
+3.9% $340 $690 14
2021
$520
+1.9% $500 $520 2
Median Rent Price
$500
per week
Based on 12 recorded rent within the last 12 months
Updated on 18 Apr 2021
Rent Price Growth
+1.0%
Current Median Rent: $500
Previous Median Rent: $495
Based on 40 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.3%
Current Median Price: $610,000
Current Median rent: $500
Based on 74 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2021)

Auction Results For Banks

Houses sold in Last 12 months ends 17 Apr 2021

$775K

Median Sale Price

79%

Clearance Rate

11/14

Sold/Reported

$1.21M

Highest Sale Price

Sold Price Range No. of Sold Properties
$1.2 M - $1.4 M 1
$800 K - $1 M 1
$600 K - $800 K
(Median Price Range)
5
$400 K - $600 K 1

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