Suburb / Locality · Area profile
Banks
2 km²
A typical resident of Banks is noticeably younger than the national figure, contributing to a community where children under 15 are much more common than in most areas. This family-oriented character is reflected in the high number of large homes and households with children. While the area is markedly more affluent than the Australian average, it remains a modest residential pocket within the ACT. The community is defined by high employment levels and a strong presence of separate houses.
Explore Banks by topic
The area is notably young, with a typical age of 35 and a much lower proportion of seniors compared to most areas. Children under 15 make up 21.1% of the population, which is a little above the national and state figures.
Most residents were born in Australia, and those with overseas ancestry are predominantly of English, Irish, or Scottish descent. The proportion of people born overseas is 18.2%, which is well below the national figure of 27.7%.
English is the main language for 82.3% of the community. While the share of people using another language at home is much higher than in most similar areas, it remains well below the state and national averages.
A large portion of the community reports no religion at 44.6%, a figure that is well above the national average. Christianity follows closely at 43.7%.
Many residents have completed Year 12, with a rate well above the national figure. However, the 21.1% of adults with a bachelor degree or higher is far below the ACT average of 42.9%.
Incomes are high here, with a typical family earning $2,741 a week, which is well above the national figure. Weekly personal income is also among the highest for similar areas.
Mental health conditions are reported by 11.6% of residents, which is a little above the national figure. Long-term health conditions affect 29.7% of the population, sitting around the middle for similar areas.
This is a community with a high rate of unpaid childcare at 32.7%, well above the national average. It also has a much higher share of former Defence Force members than most similar areas.
The First Nations community here is relatively affluent, with a typical household income of $2,528, which is far above the national figure. Unemployment among First Nations people is also well below the national average.
Homes are larger than usual, averaging 2.8 people, which is a little above the state and national figures. Couples with children make up the majority of households at 64.6%.
The area is dominated by separate houses, with 96.8% of homes having three or more bedrooms. This is far above the state average, though the rate of outright home ownership is well below the national figure.
Most people rely on cars, as 70.9% of workers drive to work. While public transport stops are very common, only 2.7% of residents use these services to commute.
The community is relatively stable, with 32.5% of people moving in the last five years, which is well below the national figure of 40.7%.
Employment is strong, with 77.2% of adults working or looking for work, a figure far above the national average. Public administration and safety is the most common industry.
The area is very safe, with a recorded offence rate that is much lower than most areas. Burglary and motor vehicle theft rates are among the lowest at this level.
Residents are well-positioned for groceries and parks, though health services are far less accessible than in other parts of the ACT. All homes are within a 10-minute walk of public transport.