If you compare the increase in value of investment property in Bankstown, 2200 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 6.04%.
A 78.21% growth in median value for property investors in Bankstown,2200 puts this suburb at number 878th in terms of best performing suburbs in NSW
Vendor discounting in Bankstown is giving property investors an average Vendor Discount of around -5.05%. This puts suburb at number 557th in NSW when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $6480 per annum or $540 every week.
Bankstown has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.58% to date .
Bankstown,2200 was ranked 982 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Bankstown is offering property investors an average of -4.16. This rate of discount on properties puts Suburb at number 70th in terms of most discounted suburbs in NSW
With the median price for a house in Bankstown being $516500 and the advertised rent reaching $425 the gross rental yield for property investors calculates out to be 4.28%
Bankstown recorded a whopping 15.9% increase in house prices, whereas units saw 5.2% growth.Full summary
Information supplied by:
The suburb of Bankstown, which has long been a popular prospect for Sydney buyers, has seen its value skyrocket in the past 12 months alone.
It recorded a whopping 15.9% increase in house prices, whereas units saw 5.2% growth. While the unit market is not growing at the same rate as the house market, it has been rising steadily. Rental yields for apartments are also reasonably strong at an average of 4.4%.
Bankstown’s key appeal is in its proximity to the CBD. The Bankstown Airport is just 10 minutes away, and it is the site of a large business park. There are several schools as well, including a university and a hospital school. There are various shopping hubs, and for public transport, there is a train station in the suburb.Close