Banks vs Calwell
Banks (median $797,000) is roughly 6% cheaper to buy into than Calwell ($845,000).
Buying in Banks or Calwell?
Selling in Banks? The free selling guide
Banks and Calwell side by side
| Measure | Banks | Calwell |
|---|---|---|
| Price and market | ||
| Median house | $797,000 | $845,000 |
| Median unit | $610,000 | $627,750 |
| Renting | ||
| House rent | $410/wk | $430/wk |
| Unit rent | $424/wk | $448/wk |
| Owner occupied | 81.0% | 83.0% |
| Renter occupied | 18.0% | 15.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1029 | 1032 |
| Lifestyle and people | ||
| Walk score | 6 | 18 |
| Transit score | 100 | 90 |
| Bike score | 100 | 100 |
| Population | 5,100 | 5,730 |
| Median age | 35 | 37 |
| Climate | ||
| Annual rainfall | 638 mm | 638 mm |
| Mean max, January | 28.7°C | 28.7°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Calwell scores higher on walkability (6/100 vs 18/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Calwell (1032) sits above Banks (1029).
- For buyers
- Banks is the lower entry point at $797,000 median, 6% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Banks offers the higher gross rental yield (2.68% vs 2.65%), favouring cash-flow investors.
- For families
- Calwell edges out on average school ICSEA (1032 vs 1029).
Banks vs Calwell: common questions
Is Banks or Calwell cheaper to buy in?
Banks has the lower median house price at $797,000, roughly 6% below Calwell ($845,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Banks or Calwell have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Calwell scores 1032 vs 1029 in Banks. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Banks or Calwell?
Calwell scores 18/100 on walkability vs 6/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Banks or Calwell?
Gross rental yield on houses is 2.68% in Banks vs 2.65% in Calwell. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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