At number 1299th in the list of Australian suburbs ordered by increase in median house value over the last year, Rankin Park, 2287 is in the top 40% with a property value increase of 8.71% recorded in median house prices.
Rankin Park,2287 has offered an average of 8.71% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Rankin Park itself are offering an average vendor discount of -5.36% to real estate investors.
Using the current median advertised rental of $435 and the average annual increase in value of a median property of 4.17%, investors should hope to achieve an overall return of 4.47%