Banks, ACT 2906
TuggeranongAll suburbs in postcode 2906
Updated
Median house price
$797,000
ABS statistical area (SA2) median · 2024
An SA2 can take in surrounding localities, so this can differ from sales in Banks itself.
Selling in Banks?
Get the free selling guide, personalised to Banks, or ask for a free appraisal from a local agent.
Banks at a glance
- Median unit
- $610,000
- Population
- 5,100
- Median age 35
Prices: ABS statistical area (SA2) median · 2024 · Population: 2021 Census
House prices in Banks
Across the ABS statistical area that takes in Banks, houses changed hands at $797,000 in 2024, below the the ACT median. An SA2 can take in surrounding localities, so this can differ from sales in Banks itself. Units come in around $610,000, roughly 23% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $159,000. Prices are below the the ACT median, which keeps Banks on the radar for first-home buyers and right-sizers.
- Weekly rent (house)
- $410/wk
- Weekly rent (unit)
- $424/wk
Rental data as of April 2026
Free appraisal in Banks
What’s your home worth in Banks?
Ask us to introduce one participating agent who sells in your area for an appraisal backed by recent comparable sales. Only with your permission, and no commitment to list.
What to know about Banks
Banks (2906) sits in the Tuggeranong region of the ACT. The median house here is $797,000, below the the ACT median of around $950K.
Banks has roughly 5,100 residents, with a typical family-age mix. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
Banks scores 6/100 on walkability, which makes it car-dependent with workable public transport options. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 29°C (warm), winter mornings around 0°C (cold). Annual rainfall lands at about 638 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 10 government primary, 3 government secondary, 4 Catholic, 2 independent.
Schools in Banks
Location
Walkability
- Walk
- 6/100
- Transit
- 100/100
- Bike
- 100/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Banks's population at 5,100, with a median age of 35. That sits as a typical family-age mix. Households are predominantly owner-occupied (81% own, 18% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (79% family households, 20% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 79%
- Lone person
- 20%
- Owner occupied
- 81%
- Renter occupied
- 18%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 2.68% (median rent $410/wk against a $797,000 price tag). Units yield 3.61% gross, often the better cash-flow play for first-time investors. Renter share is modest (18%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
- Gross yield, housesSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 2.68%
- On the $797,000 median
- Gross yield, unitsSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 3.61%
- On the $610,000 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
45 offences recorded in 2025
Top offence categories
Source: State Police Open Data
Crime data as of December 2025
Weather year-round
- Annual rainfall
- 638 mm
- Hottest month, avg max
- 28.7°C
- Coldest month, avg min
- 0.0°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Banks
- What is the median house price in Banks?
- The median house price for the ABS statistical area (SA2) that takes in Banks, ACT 2906 is $797,000 (2024). An SA2 can take in surrounding localities, so this can differ from sales in Banks itself. The median unit price is $610,000.
- How much is my house worth in Banks?
- A useful starting point is the Banks median house price of $797,000 (units $610,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- What is the Banks postcode?
- Banks is in the 2906 postcode, in ACT, in the Tuggeranong region.
- Where is Banks?
- Banks is a suburb in the Tuggeranong area, ACT 2906.
- What is the average rent in Banks?
- The median weekly rent for houses is $410, for units it's $424.
- What schools are in Banks?
- There are 20 schools serving Banks on this page, including Charles Conder Primary School, Lanyon High School, St Clare of Assisi Primary School.
- How walkable is Banks?
- Banks has a Walk Score of 6 out of 100, highly car-dependent. transit score 100, bike score 100.
- What suburbs are near Banks?
- Banks is close to Conder, Gordon, Theodore, Calwell, Bonython.
- What is the population of Banks?
- The population of Banks is approximately 5,100 (2021 Census). The median age is 35.
Selling in Banks? Get the free selling guide
What selling costs, how agents price homes, what to ask them and a 12-week plan to settlement, personalised to Banks. A free PDF, in about a minute.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.