Banks, ACT 2906

Banks, ACT 2906

Compare Part of Unincorporated ACT

21.00 km
Distance from CBD
16 k
Population
Median Sale Price
House
$512K
Updated on Jan 2020
2 BR
-
3 BR
$490K
4 BR
$625K
Unit
$465K
Updated on Jan 2020
1 BR
-
2 BR
-
3 BR
$455K
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
$445,000
+7.9% $187,500 $821,000 58
2013
$440,000
-1.1% $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
$455,000
-14.3% $420,000 $675,000 7
Median Sale Price
$520K
Based on 61 recorded sales within the last 12 months
Updated on 26 Feb 2020
Suburb Growth
+9.5%
Current Median Price: $520,000
Previous Median Price: $470,500
Based on 116 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jan 2020)
Price Range Segments (12 months ending Jan 2020)
Median Weekly Rent Price
House
$490
Updated on Jan 2020
2 BR
-
3 BR
$480
4 BR
$605
Unit
$450
Updated on Jan 2020
2 BR
-
3 BR
$450
4 BR
$530
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
$475
+5.3% $400 $700 26
2019
$490
+3.1% $340 $750 28
2020
$510
+3.9% $510 $510 1
Median Rent Price
$490
per week
Based on 25 recorded rent within the last 12 months
Updated on 26 Feb 2020
Rent Price Growth
+6.1%
Current Median Rent: $490
Previous Median Rent: $460
Based on 49 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.9%
Current Median Price: $520,000
Current Median rent: $490
Based on 86 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jan 2020)

Auction Results For Banks

Houses sold in Last 12 months ends 22 Feb 2020

$490K

Median Sale Price

92%

Clearance Rate

22/24

Sold/Reported

$1.13M

Highest Sale Price

Sold Price Range No. of Sold Properties
$1 M - $1.2 M 1
$800 K - $1 M 1
$400 K - $600 K
(Median Price Range)
14

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