Banks, ACT 2906
Compare Part of Unincorporated ACT
21.00 km
Distance from Canberra CBD
16 k
Population
Auction Times
Sat 2 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 14 Forsythe Street 4 2 2 House | 1:30 PM Sat 2nd Jul | The Property Collective |
Median Sale Price
House
$763K
Updated on May 2022
2 BR - | 3 BR $717K | 4 BR $915K |
Unit
$640K
Updated on May 2022
1 BR - | 2 BR - | 3 BR $645K |
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 | $877,000 | 105 |
| 2011 | $412,000 | -5.6% | $325,000 | $750,000 | 77 |
| 2012 | $449,950 | +8.4% | $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 | $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 | $855,000 | +11.7% | $680,000 | $1,550,000 | 20 |
Median Sale Price
$802K
Based on 46 recorded sales within the last 12 months
Updated on 30 Jun 2022
Suburb Growth
+18.3%
Current Median Price: $802,000
Previous Median Price: $655,000
Based on 102 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2022)
Price Range Segments (12 months ending May 2022)
Median Weekly Rent Price
House
$588
Updated on May 2022
2 BR $500 | 3 BR $580 | 4 BR $655 |
Unit
$600
Updated on May 2022
1 BR - | 2 BR - | 3 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 | $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 | $610 | +11.5% | $580 | $660 | 8 |
Median Rent Price
$590
per week
Based on 18 recorded rent within the last 12 months
Updated on 30 Jun 2022
Rent Price Growth
+11.9%
Current Median Rent: $590
Previous Median Rent: $520
Based on 31 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.8%
Current Median Price: $802,000
Current Median rent: $590
Based on 64 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2022)
Auction Results For Banks
Houses sold in Last 12 months ends 25 Jun 2022
$800K
Median Sale Price
77%
Clearance Rate
10/13
Sold/Reported
$1.15M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1 M - $1.2 M | 1 | |
| $800 K - $1 M (Median Price Range) | 4 | |
| $600 K - $800 K | 4 | |
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 |