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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
Banks has 38 houses available for sale. The median property price for a house is currently 735,000 with annual capital growth of -4.23 . There were 49 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 615 weekly. Houses have seen -0.68 growth in the past quarter, and -4.23 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.
Banks has 7 units available for sale. The median property price for a unit is currently 610,750 with annual capital growth of -6.40 . There were 11 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 4.69 with an average median rent of 560 weekly. Units have seen -3.16 growth in the past quarter, and -6.40 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.
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| Key Market Data | House | Unit |
| Median price | 735,000 | 610,750 |
| Quarterly growth | -0.68 | -3.16 |
| 12-month growth | -4.23 | -6.40 |
| Average annual growth | +8.56 | +7.02 |
| Weekly median rent | 615 | 560 |
| Gross rental yield | 4.37 | 4.69 |
| Number of Sales (12m) | 49 | 11 |
| 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.
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