NSW has seen average median house prices change by 11.06% which means that Bankstown, 2200 has done well for property investors by showing a capital gain of 7.18% over the last year
A 81.31% growth in median value for property investors in Bankstown,2200 puts this suburb at number 936th in terms of best performing suburbs in NSW
At number 238th of NSW’s most discounted properties, Bankstown is in the bottom 20% of the state/territory when listing in order of most discounted to least.
In the last year 159 properties changed hands in Bankstown, which puts it as the 116th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $530 and the average annual increase in value of a median property of 9.17%, investors should hope to achieve an overall return of 2.84%
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 2.65%
Bankstown,2200 was ranked 903 in Australia by increase in median property value over the quarter.
Bankstown, 2200 is offering NSW ‘s 95th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
Advertised rents are around the $427.5 mark per week – giving a return of 4.29% based on the median price in Suburb
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