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Median values are calculated based on data over a 12 month period.

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Market Report

Banks has 31 houses available for sale. The median property price for a house is currently 740,000 with annual capital growth of -7.50 . There were 44 house sales in the past 12 months. On average, houses spend 39 days on market.

If you're thinking about buying an investment property in Banks, consider that rental yields for houses are currently 4.25 with an average median rent of 585 weekly. Houses have seen 0.00 growth in the past quarter, and -7.50 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 10 units available for sale. The median property price for a unit is currently 612,500 with annual capital growth of -6.84 . There were 8 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 4.78 with an average median rent of 560 weekly. Units have seen -3.16 growth in the past quarter, and -6.84 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 740,000 612,500
Quarterly growth 0.00 -3.16
12-month growth -7.50 -6.84
Average annual growth +8.73 +7.27
Weekly median rent 585 560
Gross rental yield 4.25 4.78
Number of Sales (12m) 44 8
Avg. Days on Market (12m) 39
Jump to Market Trends
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
Jump to Demographics Trends
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