Bankstown has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.41% to date .
Bankstown,2200 was ranked 1213 in Australia by increase in median property value over the quarter.
Bankstown, 2200 is offering NSW ‘s 586th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
In the last year 143 properties changed hands in Bankstown, which puts it as the 131th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $6120 per annum or $510 every week.
Property investors who have had real estate in Bankstown, 2200 should be relatively pleased 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 6.04%
A 61.29% growth in median value for property investors in Bankstown,2200 puts this suburb at number 364th in terms of best performing suburbs in NSW
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 -6.56% is being offered, which puts this NSW suburb at 349th most discounted overall in Australia.
On average over the past year, suburb has had 26.25 sales per month, which equates to 315 per year.
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%