Banks at a glance
Median house
$797,000
Median unit
$610,000
Walk score
6
Very car dependent
Population
5,100
Median age 35
The brief
What to know about Banks.
The postcode for Banks is 2906 (ACT), part of Greater Canberra.
The median house price in Banks is $797,000.
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.
Day to day
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.
Schooling within or near the suburb covers 10 government primary, 3 government secondary, 4 Catholic, 2 independent.
Who lives here
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.
Population
5,100
Median age
35
Family households
79%
Lone person
20%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $797,000 on a typical sale, below the the ACT median. 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.
Market
The price of a home here.
Median house price
$797,000
+0.0% over the past year. Median unit price $610,000.
Sales data as of December 2024· sales-abs
Rental and ownership
Weekly rent (house)
$410/wk
Weekly rent (unit)
$424/wk
Owner occupied
81%
Renter occupied
18%
At a deeper level
$797,000
$610,000
5,100
Median age: 35
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For investors
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 (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20242.68%
Based on $797,000 median
Gross Yield (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20243.61%
Based on $610,000 median
Annual Growth (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Year-on-year capital growth
Annual Growth (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202681%
Higher = more owner-occupier demand
Days on Market
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
45
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
6
100
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Banks.
Local schools for Banks
View the catchment for each school to find out more.
Government School Catchment
Charles Conder Primary School
Lanyon High School
Gordon Primary School
© ACARA, licensed under CC BY 4.0.
Frequently asked
About Banks.
- What is the median house price in Banks?
- The median house price in Banks, ACT 2906 is $797,000. The median unit price is $610,000.
- What is the Banks postcode?
- Banks is in the 2906 postcode, in ACT, in the Tuggeranong region.
- Where is Banks?
- Banks is a suburb of Canberra, in ACT 2906. It is part of the Greater Canberra area, in the Tuggeranong region.
- 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.
For Sale
Banks
Buying
Selling
Side by side
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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