Banks vs Theodore
Banks (median $797,000) is roughly 7% cheaper to buy into than Theodore ($855,000).
Buying in Banks or Theodore?
Selling in Banks? The free selling guide
Banks and Theodore side by side
| Measure | Banks | Theodore |
|---|---|---|
| Price and market | ||
| Median house | $797,000 | $855,000 |
| Median unit | $610,000 | $630,000 |
| Renting | ||
| House rent | $410/wk | $430/wk |
| Unit rent | $424/wk | $430/wk |
| Owner occupied | 81.0% | 81.0% |
| Renter occupied | 18.0% | 18.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1029 | 1027 |
| Lifestyle and people | ||
| Walk score | 6 | 0 |
| Transit score | 100 | 80 |
| Bike score | 100 | 100 |
| Population | 5,100 | 3,798 |
| Median age | 35 | 36 |
| 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
Banks scores higher on walkability (6/100 vs 0/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Banks (1029) sits above Theodore (1027).
- For buyers
- Banks is the lower entry point at $797,000 median, 7% 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 2.62%), favouring cash-flow investors.
- For families
- Banks edges out on average school ICSEA (1029 vs 1027).
Banks vs Theodore: common questions
Is Banks or Theodore cheaper to buy in?
Banks has the lower median house price at $797,000, roughly 7% below Theodore ($855,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Banks or Theodore have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Banks scores 1029 vs 1027 in Theodore. 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 Theodore?
Banks scores 6/100 on walkability vs 0/100. 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 Theodore?
Gross rental yield on houses is 2.68% in Banks vs 2.62% in Theodore. 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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