At number 3133th in the list of Australian suburbs ordered by increase in median house value over the last year, Banks, 2906 is in the BOTTOM 30% with a property value increase of -1.17% recorded in median house prices.
While Banks,2906 ranked number 42th in ACT for increase in median house value (annualised) increase, it is ranked 40th over the last 5 years.
At number 60th of ACT’s most discounted properties, Banks is in the TOP 20% of the state/territory when listing in order of most discounted to least.
In the last year 46 properties changed hands in Banks, which puts it as the 34th most active market in ACT when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $5520 per annum or $460 every week.
Over the last year, property investments in Banks, 2906 have given investors a capital gain of 5.12%. This compares favourably with the 0.21% for ACT as a whole.
Banks,2906 was ranked 702 in Australia by increase in median property value over the quarter.
Banks, 2906 is offering ACT ‘s 33th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this ACT.
The ACT suburb of Banks, 2906 is in the Unincorporated ACT local government area.