Average rent in Banks, ACT — 2026

Banks runs roughly with the the ACT state median — renters typically pay $424/week, close to the $446/week state baseline (ABS Census 2021). Most households here own (81% are owners or paying off a mortgage) and only 18% rent. Separate houses dominate the housing stock (79%), which gives the suburb a quieter, family-leaning feel — borne out by a median age of 35 and a population around 5,100. The most common occupation is Clerical and Administrative Workers, and 18% of residents were born overseas. Banks is 21km from Canberra, and rent trajectories here tend to track the state average rather than running ahead of it — but state rent indices have moved since 2021, so double-check against the live figure above.