Bankstown has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.76% to date .
While Bankstown,2200 ranked number 828th in NSW for increase in median house value (annualised) increase, it is ranked 183th over the last 5 years.
The most recent median price for Bankstown is $900000, with sellers offering an average of -3.67% off the asking price.
Residents and property investors in Bankstown have been waiting around 76.78 days to sell a property.
Investment property in Bankstown has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.11%
Over the longer term, Bankstown has seen property prices show investors a 47.06% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Bankstown is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 53th in terms of most discounted suburbs in NSW
With the median price for a house in Bankstown being $500000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.37%