With a capital gain of -4.24% for the last 12 months, Banks, 2906 has performed for property investments than its average annual 2.32% property growth over the last 5 years.
Banks,2906 has offered an average of -4.24% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Banks is giving property investors an average Vendor Discount of around -1.28%. This puts suburb at number 63th in ACT when ranking the most discounted suburbs.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.46%, without taking into account capital value appreciation, which has been averaging out at 2.32%.
Banks is an average performer in ACT when comparing median price capital growth over the last year. Banks gave property investors a good capital gain figure when compared to the rest of the state, with 3.95%.
The five-year average increase in median property values for Banks,2906 has given property investors a potential capital gain of 2.60% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Banks is offering property investors an average of -4.17. This rate of discount on properties puts Suburb at number 30th in terms of most discounted suburbs in ACT
On average over the past year, suburb has had 4.75 sales per month, which equates to 57 per year.
A $395 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 3.23%.