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 5.20%
A 78.14% growth in median value for property investors in Bankstown,2200 puts this suburb at number 766th 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 -5.40% is being offered, which puts this NSW suburb at 2166th most discounted overall in Australia.
Using the current median advertised rental of $540 and the average annual increase in value of a median property of 8.60%, investors should hope to achieve an overall return of 2.96%
Giving property investors a an average capital gain of 0.98% for the last year, Bankstown, 2200 is the 999th highest performer in Australia in this respect.
Bankstown,2200 has offered an average of 0.98% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Bankstown should be aiming for at least -6.01% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 7.86%, investors should hope to achieve an overall return of 4.24%