Property value increases in Bankstown have tracked just lower than the NSW average of 8.26% over the last 12 months.
Bankstown,2200 was ranked 1699 in Australia by increase in median property value over the quarter.
The most recent median price for Bankstown is $950000, with sellers offering an average of -5.59% off the asking price.
On average over the past year, suburb has had 12.92 sales per month, which equates to 155 per year.
Situated 15.50km from the CBD, Bankstown is one of Bankstown localities in the postcode 2200.
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 0.99%
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 -5.88%. This puts suburb at number 65th in NSW when ranking the most discounted suburbs.
Bankstown is 230th on a list of best yielding suburbs for rents in NSW with a 4.28% return