ACT/
Banks

Suburb Profile

Banks - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2906

house
unit

Figures from the previous quarter show that capital gains for real estate buyers in BANKS are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $460 based on current median home prices for the suburb.

On average, rents on listings have reached the $460 mark, reflecting a 4.3% increase in returns based on the current median price in BANKS.

BANKS, 2906 ranks 76th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 31st on the list of best yielding suburbs for rental properties in ACT, posting a 4.3% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $556,000 $402,500
GROWTH REPORT
Median Quarterly 1.65% 0.63%
Median 12 month -0.27% 3.87%
Median 3 years 1.83% 7.33%
Median 5 years 18.68% 7.33%
10 years average annual 2.99% 3.1%
Weekly media advert. rent $460 $420
Time on Market 63.4 days 47.4 days
Gross Rental Yield Percent 4.3% 5.43%
demographics (median values)
Total Population
4903
Weekly Household Income
1457
Household Size
2.90
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