Banksia has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -2.89% to date .
While Banksia,2216 ranked number 833th in NSW for increase in median house value (annualised) increase, it is ranked 535th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Banksia is offering property investors an average of -5.35. This rate of discount on properties puts Suburb at number 161th in terms of most discounted suburbs in NSW
Residents and property investors in Banksia have been waiting around 65.63 days to sell a property.