$424 ▲ +14.9%
Higher than 73% of statistical area 2 (sa2) areas.
- 2011: $369
- 2016: $375
- 2021: $424
Median weekly rent paid by households renting their home.
Banks · Statistical Area 2 (SA2)
Housing & Dwellings in Banks
Where and how people live — the homes, how they are held, and what they cost.
Almost 97% of homes in Banks have three or more bedrooms, making it an area dominated by large family-sized properties. While many people here have mortgages, the neighbourhood has a much lower proportion of renters compared to the rest of the territory. Most residents live in separate houses, though the number of these homes has fallen slightly over the last decade.
$424
▲ +14.9%
- $100–$121: 37 areas
- $121–$143: 11 areas
- $143–$164: 27 areas
- $164–$186: 32 areas
- $186–$207: 63 areas
- $207–$229: 57 areas
- $229–$250: 59 areas
- $250–$271: 158 areas
- $271–$293: 106 areas
- $293–$314: 178 areas
- $314–$336: 149 areas
- $336–$357: 207 areas
- $357–$379: 179 areas
- $379–$400: 182 areas
- $400–$421: 312 areas
- $421–$443: 103 areas
- $443–$464: 158 areas
- $464–$486: 69 areas
- $486–$507: 85 areas
- $507–$529: 38 areas
- $529–$550: 32 areas
- $550–$571: 45 areas
- $571–$593: 19 areas
- $593–$614: 34 areas
- $614–$636: 8 areas
- $636–$657: 11 areas
- $657–$679: 5 areas
- $679–$700: 28 areas
All statistical area 2 (sa2) areas, 2021. The marker is Banks — higher than 73% of areas.
| Banks | $424 |
|---|---|
| 2906, ACT | $410 |
| Australian Capital Territory | $450 |
| Australia | $375 |
Housing costs
Rents, mortgages and crowding.
Typical monthly mortgage payments are $2,000, which is higher than most areas, while typical weekly rent is $424. This rent figure is a little above the national figure and has risen by $55 since 2011.
$2,000 ▼ -7.7%
Higher than 61% of statistical area 2 (sa2) areas.
- 2011: $2,167
- 2016: $2,000
- 2021: $2,000
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Banks, $350–$549 is the majority at 57%; $200–$349 is next at 19%.
Monthly mortgage distribution
View on map →In Banks, the largest group is $1,800–$2,999 at 45%, followed by $1,000–$1,799 (28%) and $3,000 or more (14%).
Owning & renting
How homes are owned or rented.
Mortgages are common here, with 59.8% of homes owned with a loan. Only 17.7% of households are renting, a figure that is far below both the ACT and national averages.
17.7% ▼ -7.7%
Lower than 78% of statistical area 2 (sa2) areas.
- 2011: 19.2%
- 2016: 20.0%
- 2021: 17.7%
Share of occupied private dwellings that are rented.
21.2% ▲ +35.1%
Lower than 81% of statistical area 2 (sa2) areas.
- 2011: 15.7%
- 2016: 18.8%
- 2021: 21.2%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Banks, Owned with a mortgage is the majority at 60%; Owned outright is next at 21%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses make up 79.2% of dwellings, which is far above the ACT average. These homes are typically large, with 32.7% having four bedrooms and 7.3% having five or more.
0.80 ▼ -27.3%
Lower than 71% of statistical area 2 (sa2) areas.
- 2011: 1.10
- 2016: 0.80
- 2021: 0.80
Average number of usual residents per bedroom — a crowding measure.
79.2% ▼ -8.4%
Lower than 60% of statistical area 2 (sa2) areas.
- 2011: 86.5%
- 2016: 79.6%
- 2021: 79.2%
Share of occupied private dwellings that are separate houses.
96.8% ▲ +0.9%
Higher than 99% of statistical area 2 (sa2) areas.
- 2011: 96.0%
- 2016: 95.9%
- 2021: 96.8%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Banks, Separate house is the majority at 79%; Townhouse / semi-detached is next at 17%.
Bedrooms per home
View on map →In Banks, 3 bedrooms is the majority at 57%; 4 bedrooms is next at 33%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Banks
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Banks [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/801071071/banks/topic/housing-dwellings