ACT has seen average median house prices change by 7.58% which means that Banks, 2906 has done well for property investors by showing a capital gain of 15.60% over the last year
A 29.90% growth in median value for property investors in Banks,2906 puts this suburb at number 5th in terms of best performing suburbs in ACT
Property investors looking for a bargain in Banks should be aiming for at least -3.76% off the asking price, which is the average vendor discount being achieved at the moment.
The ACT suburb of Banks, 2906 is in the Unincorporated ACT local government area.
Banks is an average performer in ACT when comparing median price capital growth over the last year. Banks gave property investors a average capital gain figure when compared to the rest of the state, with 5.18%.
Comparing Banks,2906 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Banks, 2906. Typically our figures indicate that -2.88% is being offered, which puts this ACT suburb at 1282th most discounted overall in Australia.
Renters in Suburb are facing rents around $5070 per annum or $422.5 every week.