4/10 Wilson Cres, Banks ACT 2906
4/10 Wilson Cres, Banks ACT 2906
Cluster housing on 323m² | FTTN only | Banks medium-density rarity | 1993 build era | tight rental market
This parcel represents a genuine rarity in Banks, where detached houses dominate and cluster housing is uncommon. The 323m² block, while compact, sits within an established Tuggeranong suburb with a vacancy rate of 0.22%, meaning rental demand is exceptionally tight. For an investor or a buyer seeking a lower-maintenance entry into a family-oriented suburb, this unit offers something most Banks listings cannot—a smaller footprint with medium-density pricing dynamics. The 1993 construction era suggests a solid, established build, and the unimproved land value of $1,305,000 indicates the land component carries significant weight, which may appeal to those focused on long-term capital growth rather than dwelling finishes. The property serves best a buyer who values location and land over internal luxury, or an investor targeting the strong rental yields evident across the suburb.
The FTTN connection may be a material consideration, as nearby properties in Banks offer FTTP, which typically translates to faster and more reliable internet. This could affect appeal for remote workers or tech-dependent buyers, potentially narrowing the pool. The small block size and cluster-housing form may also limit comparison with the detached houses that dominate local sales, making price discovery less straightforward. The absence of confirmed internal details—bedroom count, finishes, aspect—means the final value will hinge heavily on the actual condition and layout, which only an inspection can clarify. Buyers should weigh the tight rental market and land value strength against potential connectivity and configuration constraints when forming a price view.
|| Comparable Sales: 38 Brittlebank Circuit sold at $875,000; 34 Olive Pink Crescent valued at $499,000 | Property Price Band: $800K–$900K | Value Drivers: land component, internal condition, layout efficiency
Detailed Independent Property Report prepared by PropCred Analyst team for 4/10 Wilson Cres, Banks ACT 2906
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Banks, in the Unincorporated ACT council area, is a compact, family-oriented market. Demand is anchored by established households, with the dominant cohorts aged 40-49 and 0-9 years, and most residents holding certificate-level qualifications in clerical roles. The three-bedroom house segment illustrates conditions: median price $740,000 over the past year to January 2026, while the overall house median sits at $865,000 with annual growth of 15.72%. Houses clear in a median 21 days, reflecting tight turnover; 73 houses sold in the past year, 45 of them three-bedroom. Weekly rents for three-bedroom homes are $640-650. Affordability is the evident constraint: prices have outpaced the mid-range income profile, which may temper future demand. No unit or vacancy data is available, leaving supply-side risk unquantified.
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PropCred Estimated Value
Comparable Sales: 38 Brittlebank Circuit sold at $875,000; 34 Olive Pink Crescent valued at $499,000 | Property Price Band: $800K–$900K | Value Drivers: land component, internal condition, layout efficiency
Bedrooms
3
Bathroom
1
Parking
1
Land
3385m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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