Property investors who have had real estate in Panania, 2213 should be ok 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%
Taking the average capital gain, or increase in median house value, Panania,2213 has racked up an average of 6.04% over the period. This ranks it number 523th in the whole country for real estate investors looking at median house price increases.
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 851th in terms of most discounted suburbs in NSW
The NSW suburb of Panania, 2213 is in the Bankstown local government area.
At number 536th in the list of Australian suburbs ordered by increase in median house value over the last year, Panania, 2213 is in the top 40% with a property value increase of 7.69% recorded in median house prices.
Over the longer term, Panania has seen property prices show investors a 22.28% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Panania should be aiming for at least -2.01% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $5688 per annum or $474 every week.