Banks, ACT 2906
Compare Part of Unincorporated ACT
21.00 km
Distance from Canberra CBD
16 k
Population
Auction Times
Sat 30 Jan | Auction Time | Agency | |
|---|---|---|---|
 | 31 Reader Court 3 1 2 House | 10:00 PM Sat 30th Jan | Ray White |
| 31 Reader Court 3 1 2 House | 10:00 PM Sat 30th Jan | Ray White |
Median Sale Price
House
$610K
Updated on Dec 2020
2 BR - | 3 BR $534K | 4 BR $700K |
Unit
$519K
Updated on Dec 2020
1 BR - | 2 BR - | 3 BR $516K |
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 | $449,950 | +8.9% | $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 | $520,000 | +6.3% | $383,000 | $1,130,000 | 58 |
| 2020 | $575,000 | +9.6% | $420,000 | $885,000 | 63 |
| 2021 | $685,000 | +16.1% | $572,000 | $685,000 | 2 |
Median Sale Price
$575K
Based on 64 recorded sales within the last 12 months
Updated on 22 Jan 2021
Suburb Growth
+9.6%
Current Median Price: $575,000
Previous Median Price: $520,000
Based on 120 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2020)
Price Range Segments (12 months ending Dec 2020)
Median Weekly Rent Price
House
$510
Updated on Dec 2020
2 BR - | 3 BR $510 | 4 BR $660 |
Unit
$450
Updated on Dec 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 | $480 | +6.3% | $400 | $700 | 26 |
| 2019 | $490 | +2.0% | $340 | $750 | 28 |
| 2020 | $510 | +3.9% | $340 | $690 | 14 |
| 2021 | - | - | - | - | - |
Median Rent Price
$510
per week
Based on 13 recorded rent within the last 12 months
Updated on 22 Jan 2021
Rent Price Growth
+3.9%
Current Median Rent: $510
Previous Median Rent: $490
Based on 39 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.6%
Current Median Price: $575,000
Current Median rent: $510
Based on 77 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2020)
Auction Results For Banks
Houses sold in Last 12 months ends 16 Jan 2021
$775K
Median Sale Price
77%
Clearance Rate
10/13
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 | 1 | |
| $600 K - $800 K (Median Price Range) | 4 | |
| $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 |