Banks

ACT 2906 • Australian Capital Territory

5,100
Population (2021)
$60,736
Median 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.

📍 Location

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

🛒 Supermarkets Nearby

No major supermarkets listed for this suburb.

🎓 Schools

🏠 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)

🎓 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)

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

Income Comparison

📊 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