Banks, ACT 2906
Compare Part of Unincorporated ACT
21.00 km
Distance from Canberra CBD
16 k
Population
Auction Times
Sat 10 Dec | Auction Time | Agency | |
|---|---|---|---|
 | 55 Perrin Circuit 3 1 2 House | 1:30 PM Sat 10th Dec | Ray White |
Median Sale Price
House
-
Updated on Oct 2022
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2022
1 BR - | 2 BR - | 3 BR - |
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% | $630,000 | $1,550,000 | 41 |
Median Sale Price
$855K
Based on 47 recorded sales within the last 12 months
Updated on 2 Dec 2022
Suburb Growth
+12.3%
Current Median Price: $855,000
Previous Median Price: $750,000
Based on 97 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2022)
Price Range Segments (12 months ending Nov 2022)
Median Weekly Rent Price
House
-
Updated on Oct 2022
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2022
1 BR - | 2 BR - | 3 BR - |
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 | $600 | +10.0% | $520 | $750 | 21 |
Median Rent Price
$600
per week
Based on 24 recorded rent within the last 12 months
Updated on 2 Dec 2022
Rent Price Growth
+10.0%
Current Median Rent: $600
Previous Median Rent: $540
Based on 38 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.6%
Current Median Price: $855,000
Current Median rent: $600
Based on 71 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2022)
Auction Results For Banks
Houses sold in Last 12 months ends 26 Nov 2022
$985K
Median Sale Price
77%
Clearance Rate
10/13
Sold/Reported
$1.24M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.2 M - $1.4 M | 3 | |
| $1 M - $1.2 M | 1 | |
| $800 K - $1 M (Median Price Range) | 3 | |
| $600 K - $800 K | 2 | |
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 |