If you compare the increase in value of investment property in Panania, 2213 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.11%.
If we look at median property appreciation over just the last three months, Panania has given property investors a paper return of 3.41%. This puts Suburb as 463 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Panania is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 876th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Panania the average time real estate has been on the market is 52.57 days.
Investment property in Panania 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 4.80%
The five-year average increase in median property values for Panania,2213 has given property investors a potential capital gain of 50.88% across each of those five years.
Property investors looking for a bargain in Panania should be aiming for at least -2.46% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 20 properties changed hands in Panania, which puts it as the 454th most active market in NSW when comparing the number of sales per suburb.
Situated 20.50km from the CBD, Panania is one of Bankstown localities in the postcode 2213.