ACT has seen average median house prices change by 5.15% which means that Banks, 2906 has done well for property investors by showing a capital gain of -3.15% over the last year
Comparing Banks,2906 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Banks is offering property investors an average of -4.11. This rate of discount on properties puts Suburb at number 63th in terms of most discounted suburbs in ACT
Often selling an investment property can take time, and in Banks the average time real estate has been on the market is 50.24 days.
With a capital gain of 3.88% for the last 12 months, Banks, 2906 has performed for property investments than its average annual 3.12% property growth over the last 5 years.
While Banks,2906 ranked number 37th in ACT for increase in median house value (annualised) increase, it is ranked 29th over the last 5 years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.08% offered to property buyers. Sellers in Banks itself are offering an average vendor discount of -3.03% to real estate investors.
Often selling an investment property can take time, and in Banks the average time real estate has been on the market is 83.55 days.
Banks, 2906’s gross rental yield is 5.20%