Bass Hill has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.66% to date .
Across a shorter period, Bass Hill, 2197 has seen a median price increase of -0.43% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Bass Hill is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 201th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 9.42 sales per month, which equates to 113 per year.
The NSW suburb of Bass Hill, 2197 is in the Bankstown local government area.
At number 484th in the list of Australian suburbs ordered by increase in median house value over the last year, Bass Hill, 2197 is in the top 30% with a property value increase of 8.33% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Bass Hill,2197 has racked up an average of 8.33% over the period. This ranks it number 51th in the whole country for real estate investors looking at median house price increases.
Bass Hill, 2197 is offering NSW ‘s 7th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.
With the median price for a house in Bass Hill being $650000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 3.84%