Giving property investors a a poor capital gain of -4.73% for the last year, Banks, 2906 is the 3423th highest performer in Australia in this respect.
The five-year average increase in median property values for Banks,2906 has given property investors a potential capital gain of 12.32% across each of those five years.
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 -2.04% is being offered, which puts this ACT suburb at 3699th most discounted overall in Australia.
Residents and property investors in Banks have been waiting around 46.78 days to sell a property.
Situated 21.61km from the CBD, Banks is one of Unincorporated ACT localities in the postcode 2906.
Property value increases in Banks have tracked just higher than the ACT average of -1.01% over the last 12 months.
While Banks,2906 ranked number 25th in ACT for increase in median house value (annualised) increase, it is ranked 30th over the last 5 years.
Banks2906 is located in ACT which offers an average discount of -4.11% to property investors. Banks itself is showing figures that indicate -3.30% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $395 weekly from the median priced house in this suburb.