$424 ▲ +14.6%
Higher than 86% of suburb / locality areas.
- 2011: $370
- 2016: $375
- 2021: $424
Median weekly rent paid by households renting their home.
Banks · Suburb / Locality
Housing & Dwellings in Banks
Where and how people live — the homes, how they are held, and what they cost.
Large family homes dominate the landscape in Banks, where nearly 97% of houses have three or more bedrooms. This is a high-cost area to live in, with typical monthly mortgage payments reaching $2,000 and weekly rents around $424.
$424
▲ +14.6%
- $0–$25: 37 areas
- $25–$50: 86 areas
- $50–$75: 199 areas
- $75–$100: 214 areas
- $100–$125: 525 areas
- $125–$150: 343 areas
- $150–$175: 699 areas
- $175–$200: 597 areas
- $200–$225: 1183 areas
- $225–$250: 724 areas
- $250–$275: 1277 areas
- $275–$300: 787 areas
- $300–$325: 1282 areas
- $325–$350: 618 areas
- $350–$375: 935 areas
- $375–$400: 570 areas
- $400–$425: 763 areas
- $425–$450: 288 areas
- $450–$475: 415 areas
- $475–$500: 176 areas
- $500–$525: 204 areas
- $525–$550: 79 areas
- $550–$575: 125 areas
- $575–$600: 70 areas
- $600–$625: 97 areas
- $625–$650: 21 areas
- $650–$675: 54 areas
- $675–$700: 145 areas
All suburb / locality areas, 2021. The marker is Banks — higher than 86% 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 much higher than most areas. Weekly rents are also much higher than most areas, sitting at $424, which is a little above the national figure.
$2,000 ▼ -7.7%
Higher than 72% of suburb / locality 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.
Most residents own their homes, with 59.8% paying off a mortgage. Only 17.7% of households rent, a figure that is far below both the ACT and national averages.
17.7% ▼ -7.7%
Higher than 53% of suburb / locality areas.
- 2011: 19.2%
- 2016: 20.0%
- 2021: 17.7%
Share of occupied private dwellings that are rented.
21.2% ▲ +35.1%
Lower than 89% of suburb / locality 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 the area, which is well above the national figure. These homes are typically large, with 96.8% having three or more bedrooms, far above the state average of 73%.
0.80 ▼ -27.3%
Lower than 57% of suburb / locality 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 81% of suburb / locality areas.
- 2011: 86.5%
- 2016: 79.6%
- 2021: 79.2%
Share of occupied private dwellings that are separate houses.
96.8% ▲ +0.8%
Higher than 93% of suburb / locality 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/sal/SAL80021/banks/topic/housing-dwellings