1/5 Nernst Place

Banks ACT 2906

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 1,914 properties. Over the last 5 years, Houses in Banks have seen a 47.71% increase in median value, while Units have seen a 56.92% increase. As at 30 September 2024:

• The median value for Houses in Banks is $828,833 while the median value for Units is $632,067.
• Houses have a median rent of $610 while Units have a median rent of $560.