Bankstown is an average performer in NSW when comparing median price capital growth over the last year. Bankstown gave property investors a average capital gain figure when compared to the rest of the state, with 7.10%.
Bankstown,2200 has offered an average of 7.10% return per annum in house price rises to property investors over the last three years.
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 -5.48% is being offered, which puts this NSW suburb at 2212th most discounted overall in Australia.
Residents and property investors in Bankstown have been waiting around 83.34 days to sell a property.
Property investors should expect to get $520 weekly from the median priced house in this suburb.
Over the last year, property investments in Bankstown, 2200 have given investors a capital gain of 3.09%. This compares averagely with the 5.73% for NSW as a whole.
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.
Our latest figures would indicate that property sellers in Bankstown are currently offering property investors an average price cut of -6.37% below the asking price at the moment.
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%