Federal Electorate · Area profile
Banks
49 km²
High weekly incomes define Banks, where the typical family earns $2,228 and over a quarter of households make $3,000 or more per week. This is a diverse and well-educated community in Greater Sydney, with many residents born overseas and a high proportion of adults holding university degrees. The area is very walkable and family-oriented, with larger-than-usual households and a population that has grown by 10% since 2011.
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The typical resident is 39, which is about the same as the state average. Families are common here, though people in de facto relationships are much less common than in most other areas.
A strong international influence is evident, with 40.1% of people born overseas—far above the national figure of 27.7%. Chinese, English, and Australian are the most common ancestries.
Language diversity is high, with 46.3% of people using a language other than English at home, far exceeding the national average. Mandarin and Cantonese are the most frequent non-English languages.
While 50.8% of residents identify as Christian, those with no religion make up 27.4% of the population, which is far below the national figure.
Residents are well-qualified; 66.6% have completed Year 12, and 30.2% hold a bachelor degree or higher, both of which are above the national average.
Incomes have risen significantly since 2011, with the typical household now earning $1,923 a week. This is higher than most similar areas and the national figure.
The community is generally healthy, with a much lower rate of long-term health conditions and mental health conditions compared to most other areas.
Volunteer rates are much lower than most areas at 10.3%. About 11.4% of people provide unpaid care, which is around the middle for its level.
Homes tend to be larger, with 2.8 people per home, which is higher than most areas. This is consistent with the fact that 62.9% of households are couples with children.
Renting is more common here than in most areas, and typical weekly rents of $435 are much higher than the national figure. Detached houses are also much less common than in most other areas.
Working from home is very common, with 37.9% of people doing so—far above the national figure. About 11.3% of homes have no motor vehicle, which is much higher than most areas.
The population is relatively stable, as the proportion of people who moved in the last five years is much lower than in most other areas.
Full-time employment is much lower than most areas at 54.6%. Health care and social assistance is the most common industry for local workers.
The area is very walkable, with 99.7% of homes within a 10-minute walk of public transport and every single home within 15 minutes of a park.