Banks, ACT 2906
Compare Part of Unincorporated ACT
21.00 km
Distance from Canberra CBD
16 k
Population
Auction Times
Sat 26 Sep | Auction Time | Agency | |
|---|---|---|---|
 | 24 Forsythe Street 5 2 2 House | 9:30 AM Sat 26th Sep | Harcourts Belconnen |
Median Sale Price
House
$528K
Updated on Aug 2020
2 BR - | 3 BR $501K | 4 BR $640K |
Unit
$505K
Updated on Aug 2020
1 BR - | 2 BR - | 3 BR $498K |
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 | $447,000 | +8.3% | $300,000 | $821,000 | 58 |
| 2013 | $440,000 | -1.6% | $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 | $610,000 | +14.8% | $420,000 | $885,000 | 38 |
Median Sale Price
$530K
Based on 59 recorded sales within the last 12 months
Updated on 26 Sep 2020
Suburb Growth
+6.6%
Current Median Price: $530,000
Previous Median Price: $495,000
Based on 107 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Aug 2020)
Price Range Segments (12 months ending Aug 2020)
Median Weekly Rent Price
House
$493
Updated on Aug 2020
2 BR - | 3 BR $490 | 4 BR $605 |
Unit
$450
Updated on Aug 2020
1 BR - | 2 BR - | 3 BR $450 |
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% | $340 | $690 | 8 |
Median Rent Price
$495
per week
Based on 17 recorded rent within the last 12 months
Updated on 26 Sep 2020
Rent Price Growth
+5.1%
Current Median Rent: $495
Previous Median Rent: $470
Based on 41 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.9%
Current Median Price: $530,000
Current Median rent: $495
Based on 76 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2020)
Auction Results For Banks
Houses sold in Last 12 months ends 19 Sep 2020
$885K
Median Sale Price
70%
Clearance Rate
7/10
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 (Median Price Range) | 1 | |
| $600 K - $800 K | 1 | |
| $400 K - $600 K | 1 | |
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 |