Looking for a loan?
Compare Investment Home Loans and SMSF Loans
Hover over Tap a data point to see when it was last updated.
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Banks, the median property price for a house is currently 735,000 with annual capital growth of -0.68 . There were 51 house sales in the past 12 months. On average, houses spend 42 days on market.
If you're thinking about buying an investment property in Banks, consider that rental yields for houses are currently 4.37 with an average median rent of 620 weekly. Houses have seen 0.00 growth in the past quarter, and -0.68 growth in the past 12 months.
The size of Banks is approximately 2.3 square kilometres. It has 8 parks covering nearly 13.3% of total area. The population of Banks in 2011 was 5,060 people. By 2016 the population was 4,966 showing a population decline of 1.9% in the area during that time. The predominant age group in Banks is 0-9 years.
Households in Banks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Banks work in a clerical occupation. In 2011, 79.3% of the homes in Banks were owner-occupied compared with 78.1% in 2016.
In Banks, the median property price for a unit is currently 610,375 with annual capital growth of -6.46 . There were 12 unit sales in the past 12 months.
If you're thinking about buying an investment property in Banks, consider that rental yields for units are currently 4.63 with an average median rent of 560 weekly. Units have seen -3.16 growth in the past quarter, and -6.46 growth in the past 12 months.
The size of Banks is approximately 2.3 square kilometres. It has 8 parks covering nearly 13.3% of total area. The population of Banks in 2011 was 5,060 people. By 2016 the population was 4,966 showing a population decline of 1.9% in the area during that time. The predominant age group in Banks is 0-9 years.
Households in Banks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Banks work in a clerical occupation. In 2011, 79.3% of the homes in Banks were owner-occupied compared with 78.1% in 2016.
$suburbContentType.expertReport
Looking to invest or refinance? Compare investor loans or SMSF loans
| Key Market Data | House | Unit |
| Median price | 735,000 | 610,375 |
| Quarterly growth | 0.00 | -3.16 |
| 12-month growth | -0.68 | -6.46 |
| Average annual growth | +8.56 | +6.72 |
| Weekly median rent | 620 | 560 |
| Gross rental yield | 4.37 | 4.63 |
| Number of Sales (12m) | 51 | 12 |
| Avg. Days on Market (12m) | 42 | – |
| Key Demographics | 2011 | 2016 |
| Total population | 5,060 | 4,966 |
| Population change (5y) | +3.14 | -1.90 |
| Median household income (p/w) | 2,010 | 2,088 |
| Household income change (5y) | +37.30 | +3.88 |
| Median age of persons | 31 | 33 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Banks was 4,966 in 2016, a -1.90 change compared to 2011.
The predominant age group in Banks is 0-9 years.
The population of Banks was 4,966 in 2016, a -1.90 change compared to 2011.
The predominant age group in Banks is 0-9 years.
Most of the population in Banks were born in Australia.
Most of the population in Banks were born in Australia.
Most of the population in Banks report their religion as No Religion.
Most of the population in Banks report their religion as Catholic.
Most of the population in Banks report their income range as between 78,000 and 130,000 .
The median household income in Banks was 2,088 in 2016, a +3.88 change compared to 2011.
Most of the population in Banks report their income range as between 78,000 and 130,000 .
The median household income in Banks was 2,010 in 2011, a +37.30 change compared to 2006.
Most of the population in Banks work as Clerical.
Most of the population in Banks work as Clerical.
The chart below demonstrates the various levels of education in Banks.
The chart below demonstrates the various levels of education in Banks.
Most of the population in Banks reached a qualification level of Certificate.
Most of the population in Banks reached a qualification level of Certificate.
Get notified when our data is updated.
By subscribing you agree to our privacy policy.
Disclaimers
This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode.
The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.
While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.
The Territory Data is the property of the Australian Capital Territory. Any form of Territory Data that is reproduced, stored in a retrieval system or transmitted by any means (electronic, mechanical, microcopying, photocopying, recording or otherwise) must be in accordance with this agreement. Enquiries should be directed to: Manager, Customer Services Environment, Planning and Sustainable Development Directorate. GPO Box 158 Canberra ACT 2601.
This publication reproduces materials and content owned or licenced by RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and may include data, statistics, estimates, indices, photographs, maps, tools, calculators (including their outputs), commentary, reports and other information (CoreLogic Data).
© Copyright 2024. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.
Product Data licenced by CoreLogic under a Creative Commons Attribution licence. For details regarding licence, data source, copyright and disclaimers, see https://www.corelogic.com.au/aboutus/thirdpartyrestrictions
Suburb borders rendered using geocodes provided by Openstreetmap.
Need help with an SMSF home loan?
Speak to an SMSF lending specialist