Panania has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.21% to date .
Taking the average capital gain, or increase in median house value, Panania,2213 has racked up an average of 2.21% over the period. This ranks it number 589th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Panania is $925000, with sellers offering an average of -4.80% off the asking price.
On average over the past year, suburb has had 19.83 sales per month, which equates to 238 per year.
Using the current median advertised rental of $560 and the average annual increase in value of a median property of 7.78%, investors should hope to achieve an overall return of 3.15%
Panania is in the bottom 20% in NSW when comparing median price capital growth over the last year. Panania gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.99%.
While Panania,2213 ranked number 96th in NSW for increase in median house value (annualised) increase, it is ranked 209th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Panania is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 331th in terms of most discounted suburbs in NSW
The NSW suburb of Panania, 2213 is in the Bankstown local government area.