At number 1725th in the list of Australian suburbs ordered by increase in median house value over the last year, Bankstown, 2200 is in the top half with a property value increase of 6.44% recorded in median house prices.
The five-year average increase in median property values for Bankstown,2200 has given property investors a potential capital gain of 79.25% 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 Bankstown, 2200. Typically our figures indicate that -5.88% is being offered, which puts this NSW suburb at 1920th most discounted overall in Australia.
On average over the past year, suburb has had 12.58 sales per month, which equates to 151 per year.
Situated 15.20km from the CBD, Bankstown is one of Bankstown localities in the postcode 2200.
Bankstown has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.86% to date .
The five-year average increase in median property values for Bankstown,2200 has given property investors a potential capital gain of 58.99% across each of those five years.
Property investors looking for a bargain in Bankstown should be aiming for at least -6.24% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $420 weekly from the median priced house in this suburb.