🔍

Banks

ACT 2906 • Australian Capital Territory

5,100
Population (2021)
$125,788
Median Household Income
2.25 km²
Area
$424/wk
Median Rent
Family-FriendlySuburbanAffluentMulticulturalCommuter Belt

About Banks

Banks is a residential suburb in Canberra's Tuggeranong district, situated in the Australian Capital Territory at an elevation of 631 metres in the city's southern reaches. With a population of 5,100 across just 2.25 square kilometres, it is a compact, well-established suburb with a relatively young demographic — the median age is 35 — and a median household income of ,419 per week, comfortably above the national average. The suburb is characterised by a mix of family homes, townhouses, and a diverse community with residents of Australian, English, Irish, Indian, and Filipino heritage.

Banks is well-positioned within the Tuggeranong valley, offering easy access to the Tuggeranong Town Centre with its retail, dining, and government services, as well as nearby schools, parks, and the Tuggeranong Hyperdome shopping centre. Public transport connections link residents to the broader Canberra network, and the suburb's proximity to the Brindabella Ranges provides opportunities for hiking and outdoor recreation. Its combination of affordable Canberra living, quality infrastructure, and family-oriented environment make it a popular choice for public servants and young families.

Banks falls under postcode 2906 and is governed by Unincorporated Council (LGA). For state elections, residents vote in the Brindabella electorate.

📰 Featured In

📰 Australian Capital Territory Suburbs with the Most Housing Commission💰 Top 50 Suburbs in Australian Capital Territory by Median Household Income

📍 Location

State
Australian Capital Territory
Postcode
2906
Urban Area
Tuggeranong
LGA / Council
Unincorporated
Federal Electorate
Bean
State Electorate
Brindabella
Type
Major Urban
Timezone
Sydney (UTC+10)
Coordinates
-35.47°, 149.10°
Statistical Area
Australian Capital Territory
Area
2.25 km²
Elevation
631m

🏠 Housing 2021 Census

Median Rent (weekly)
$424
Median Mortgage (monthly)
$2,000
Avg Household Size
2.8 people
Median Age
35 years
Social Housing (% of dwellings)
4.7%

77 state housing + 6 community housing dwellings (ABS 2021 Census)

🚌 Transport & Commute

Bus Services

  • ACTION Bus routes (Rapid/Local) — Canberra City (Civic) 30-50 min

Commute to Canberra CBD (Civic)

Distance
10 km
By Train
No direct train service
By Car (Peak)
25-40 min
By Car (Off-Peak)
15-25 min

🛣️ ACTION bus network is the main public transport option; car recommended for flexibility

Walkability Somewhat Walkable

Banks is a typical Canberra suburb where a car is recommended for most errands, though local shops and parks are accessible on foot.

🛒 Supermarkets Nearby

No major supermarkets listed for this suburb.

🎓 Schools

🎓 Educational Institution Attending 2021 Census

School Sector Breakdown

👥 Demographics

Census 2016
4,967
Census 2021
5,100
▲ 2.7% growth

Population Growth

Gender Distribution (Census 2021)

Personal Income 2016
$52,624
Personal Income 2021
$60,736
▲ 15.4% increase

2021 Census income breakdown

Personal = median for one earner. Household = all members of a dwelling pooled. Family = related members only. Annual = weekly × 52.

Personal
$60,736 / yr
$1168/wk
Household
$125,788 / yr
$2419/wk
Family
$142,532 / yr
$2741/wk

Personal Income Comparison (2016 vs 2021)

📊 Population: ABS Census 2021
💰 Income: ABS Census 2021

🌍 Country of Birth 2021 Census

Born in Australia 4,049
Born Overseas 927

Top Countries of Birth (excl. Australia)

  • 1. England 142
  • 2. India 114
  • 3. Philippines 66
  • 4. New Zealand 40
  • 5. Sri Lanka 39
  • 6. Vietnam 24
  • 7. China 21
  • 8. United States 21
  • 9. Malaysia 20
  • 10. Scotland 20

🧬 Ancestry 2021 Census

Top ancestries reported (people may report up to two)

Australian 2,010
English 1,873
Irish 547
Scottish 547
German 225
Italian 159
Australian Aboriginal 133
Indian 115
Chinese 113
Filipino 99

👨‍👩‍👧 Parents' Birthplace 2021 Census

2,858
Both parents born in Australia
1,349
Both parents born overseas
749
One parent AU, one overseas

🛐 Religion 2021 Census

No Religion
44.6%
Christianity
43.7%
Buddhism
2.5%
Islam
1.9%
Hinduism
1.5%
Sikhism
1.0%
Judaism
0.2%

📊 Age Distribution 2021 Census

0-4 years
319 (6.3%)
5-14 years
764 (15.0%)
15-19 years
348 (6.8%)
20-24 years
351 (6.9%)
25-34 years
754 (14.8%)
35-44 years
772 (15.1%)
45-54 years
773 (15.2%)
55-64 years
591 (11.6%)
65-74 years
271 (5.3%)
75-84 years
128 (2.5%)
85+ years
29 (0.6%)

Nearby Suburbs

Frequently Asked Questions

What is Banks known for? +

Banks is well-positioned within the Tuggeranong valley, offering easy access to the Tuggeranong Town Centre with its retail, dining, and government services, as well as nearby schools, parks, and the Tuggeranong Hyperdome shopping centre.

How far is Banks from Canberra CBD (Civic)? +

Banks is located in ACT 2906. For specific distances to the CBD, refer to local mapping services.

Does Banks have public transport? +

Public transport options vary. Check Transport for Canberra (Transport Canberra) for current routes and timetables.

What is the population of Banks? +

According to the 2021 Census, Banks has a population of 5,100 residents. The suburb is part of the broader Australian Capital Territory metropolitan area.

Is Banks a good place to live? +

Banks is well-suited to families and those seeking an upmarket lifestyle, offering a comfortable suburban lifestyle in Canberra. Public transport connections link residents to the broader Canberra network, and the suburb's proximity to the Brindabella Ranges provides opportunities for hiking and outdoor recreation.

What is the postcode for Banks? +

The postcode for Banks is 2906. It is located in the Australian Capital Territory (ACT).

What is the average income in Banks? +

Based on the 2021 Census, the median personal income in Banks is about $1,168 per week (around $60,700 per year). The median household income is $2,419 per week and the median family income is $2,741 per week.

What is the age profile of Banks? +

The median age in Banks is 35. The largest age group is 45–54 (773 residents, around 15%). Around 28% of residents are under 20 and about 8% are aged 65 or older. (2021 Census)

How much is rent in Banks? +

In Banks, the median weekly rent is $424, and the median monthly mortgage repayment is $2,000 (2021 Census).