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 9.35%.
Banks,2906 was ranked 616 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -2.99% to buyers in Banks at the moment, which is less than average for the rest of ACT.
Banks, 2906’s gross rental yield is 4.09%
Banks has had a pretty average year for property investment returns compared to the rest of ACT, giving investors a capital gain of 4.77% to date .
While Banks,2906 ranked number 26th in ACT for increase in median house value (annualised) increase, it is ranked 20th over the last 5 years.
Property investors looking for a bargain in Banks should be aiming for at least -2.77% off the asking price, which is the average vendor discount being achieved at the moment.