Banks, ACT 2906
Compare Part of Unincorporated ACT
21.00 km
Distance from Canberra 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 | |
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 |