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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 $480 based on current median home prices for the suburb.

On average, rents on listings have reached the $480 mark, reflecting a 5.15% increase in returns based on the current median price in BANKS.

BANKS, 2906 ranks 73rd in ACT in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 3rd on the list of best yielding suburbs for rental properties in ACT, posting a 5.15% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $485,000 $435,000
GROWTH REPORT
Median Quarterly -2.02% 1.75%
Median 12 month -3% 3.57%
Median 3 years 15.34% 12.99%
Median 5 years 4.3% N/A
10 years average annual 1.27% 3.04%
Weekly media advert. rent $480 $432.5
Time on Market 59.2 days 97.6 days
Gross Rental Yield Percent 5.15% 5.17%
demographics (median values)
Total Population
4903
Weekly Household Income
1457
Household Size
2.90
demographics
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Top 10 Birth Countries
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