Investment property in Bankstown has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.83%
A 74.06% growth in median value for property investors in Bankstown,2200 puts this suburb at number 819th in terms of best performing suburbs in NSW
Property buyers and investors in Bankstown 2200 should be seeing an average reduction in asking price of around -5.22% . This means that Bankstown is holding prices well when compared to other suburbs in NSW.
Bankstown is 913th on a list of best yielding suburbs for rents in NSW with a 2.93% return
Property investors who have had real estate in Bankstown, 2200 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.17%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bankstown has increased when compared to the 5 year average annual rate.
Vendor discounting in Bankstown is giving property investors an average Vendor Discount of around -6.54%. This puts suburb at number 39th in NSW when ranking the most discounted suburbs.
Bankstown, 2200’s gross rental yield is 4.37%