Banks, ACT 2906

Banks, ACT 2906

Compare Part of Unincorporated ACT

21.00 km
Distance from 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