Banks, ACT
By Lauren McCaleb · Reviewed by Dylan Duncan ·
More advantaged than the national average
Banks is more socio-economically advantaged than about 78% of the 14,462 Australian suburbs we score, based on the ABS SEIFA index (raw score 1038, where about 1000 is the national average).
A socio-economic measure from ABS Census data — not a measure of how good a suburb is to live in or visit. How we calculate this.
Banks at a glance
- Population (2021)
- 5,100
- Median age
- 35
- Median weekly household income
- $2,419
- SEIFA score
- 1038
- Coordinates
- -35.4719, 149.1007
Banks demographics (2021 Census)
The figures below profile Banks using the Australian Bureau of Statistics 2021 Census; every percentage is a share of a clearly stated Census count, so each one traces back to the source. At a glance, the largest age group is young adults (25–44) at 30%, 18% of homes are rented, and 19% of residents were born overseas.
Age profile
| Age group | People | Share |
|---|---|---|
| Children (0–14) | 1,083 | 21% |
| Youth (15–24) | 699 | 14% |
| Young adults (25–44) | 1,526 | 30% |
| Mid-life (45–64) | 1,364 | 27% |
| Seniors (65+) | 428 | 8% |
Share of the 5,100 people counted by age.
Housing and households
| Tenure | Dwellings | Share |
|---|---|---|
| Owned outright | 376 | 21% |
| Owned with a mortgage | 1,059 | 60% |
| Rented | 314 | 18% |
| Dwelling type | Dwellings | Share |
|---|---|---|
| Houses | 1,404 | 79% |
| Townhouses & semis | 307 | 17% |
| Flats & apartments | 65 | 4% |
Tenure and dwelling shares are of the roughly 1,776 occupied private dwellings in Banks.
- Median weekly rent
- $424
- Median monthly mortgage
- $2,000
- Average household size
- 2.8 people
- Median weekly family income
- $2,741
- Median weekly personal income
- $1,168
Community and culture
- Born overseas
- 927 (19%)
- Speaks a language other than English at home
- 761 (15%)
- Aboriginal and/or Torres Strait Islander
- 144 (3%)
Work and education
- Completed Year 12
- 2,541 (67%)
- Labour-force participation
- 77.1%
- Unemployment rate
- 3.7%
- Employed full-time
- 2,028
- Employed part-time
- 780
Source: ABS Census of Population and Housing, 2021 (General Community Profile, by Suburb and Locality). © Australian Bureau of Statistics, released under CC BY 4.0. How we group bands and derive each share is set out on our methodology page.
Weather and climate in Banks
Based on 2014–2023 records, the warmest month in Banks is January (average daytime high around 25.4°C) and the coolest is July (around 8.9°C). The area receives roughly 890 mm of rain across the year.
| Month | Avg high | Avg low | Rain |
|---|---|---|---|
| Jan | 25.4°C | 13.1°C | 89 mm |
| Feb | 23.9°C | 12.1°C | 71 mm |
| Mar | 20.8°C | 10.4°C | 88 mm |
| Apr | 17°C | 7.1°C | 61 mm |
| May | 12.6°C | 2.9°C | 46 mm |
| Jun | 9.5°C | 1.2°C | 66 mm |
| Jul | 8.9°C | 0.3°C | 42 mm |
| Aug | 10.1°C | 0.3°C | 70 mm |
| Sep | 13.9°C | 2.6°C | 68 mm |
| Oct | 17.6°C | 5.8°C | 87 mm |
| Nov | 20.4°C | 8.2°C | 106 mm |
| Dec | 23.4°C | 10.9°C | 96 mm |
Climate normals, 2014–2023 (Open-Meteo, ERA5 reanalysis).
Common questions about Banks
Where is Banks?
Banks is a suburb of Australian Capital Territory, Australia.
What is the population of Banks?
At the 2021 Census, Banks had a population of about 5,100.
Is Banks an advantaged area?
Banks has an ABS SEIFA score of 1038, where about 1000 is the national average — higher scores indicate greater relative socio-economic advantage. That gives it a Suburb Score of 78 out of 100 — more socio-economically advantaged than about 78% of Australian suburbs.
What is the weather like in Banks?
Banks has average daytime highs of about 17°C and overnight lows of about 6.2°C, with roughly 890 mm of rain across the year (based on 2014–2023 climate normals).
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