Giving property investors a an average capital gain of 4.31% for the last year, Bankstown, 2200 is the 2066th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Bankstown,2200 has racked up an average of 4.31% over the period. This ranks it number 288th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Bankstown itself are offering an average vendor discount of -4.11% to real estate investors.
Property investors should expect to get $520 weekly from the median priced house in this suburb.
NSW has seen average median house prices change by 6.59% which means that Bankstown, 2200 has done well for property investors by showing a capital gain of 8.70% over the last year
Comparing Bankstown,2200 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 -6.50% is being offered, which puts this NSW suburb at 364th most discounted overall in Australia.
In the last year 307 properties changed hands in Bankstown, which puts it as the 17th most active market in NSW when comparing the number of sales per suburb.