8/7 Nernst Place, Banks, ACT 2906 | Property Value & History | OnTheHouse
OFF MARKET

8/7 Nernst Place
Banks ACT 2906

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 94m2
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Last updated 22 Dec 2025
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Property Details for 8/7 Nernst Pl, Banks

8/7 Nernst Pl, Banks is a 3 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1992. The property has a floor size of 94m2.

Building Type
Townhouse
Year Built
1992
Floor Size
94m2
Local Government
Tuggeranong

Last Listing description (November 2018)

Located in a small complex of nine, this attractive townhouse offers north facing light filled open plan living. Featuring three bedrooms all with built in robes, a neat kitchen with stainless steel electric cooking and a separate bathroom, toilet and laundry that can be closed off from the main living area. Stay warm with electric wall heating to the living area and cool with ceiling fans in all the rooms. The two courtyards are low on maintenance and fully enclosed. A 10 panel solar system and a single garage with automatic door are all extra features you will really appreciate. Great location close to Lanyon Market Place, schools, ovals, parks and transport.
Features of the home include:
* Neat kitchen with electric appliances

* Three good sized bedrooms, all with built-in robes
* Bathroom with separate shower, bath and toilet
* Electric wall heating and ceiling fans
* Front and rear private courtyards
* Single garage
* 10 panel solar system
Sorry no pets
EER 3.5
Available 1st November 2018
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Property History for 8/7 Nernst Pl, Banks, ACT 2906

A timeline of how this property has performed in the market
Listed for Rent
$400/w
12 Nov 2018
  • 29 Oct 2018
    Listed for Rent $400 / week
  • 13 Nov 2017
    Listed for Rent $380 / week
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About Banks 2906

The size of Banks is approximately 2.3 square kilometres. It has 8 parks covering nearly 13.3% of total area. The population of Banks in 2016 was 4967 people. By 2021 the population was 5100 showing a population growth of 2.7% in the area during that time. The predominant age group in Banks is 40-49 years. Households in Banks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Banks work in a clerical occupation.In 2021, 81.00% of the homes in Banks were owner-occupied compared with 78.10% in 2016.

Banks has 1,924 properties. Over the last 5 years, Houses in Banks have seen a 36.82% increase in median value, while Units have seen a 48.42% increase. As at 30 November 2025:

  • The median value for Houses in Banks is $889,738 while the median value for Units is $654,578.
  • Houses have a median rent of $645 while Units have a median rent of $565.
There are currently 2 properties listed for sale, and 3 properties listed for rent in Banks on OnTheHouse. According to Cotality's data, 78 properties were sold in the past 12 months in Banks.

Suburb Insights for Banks 2906

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.