Property investors who have had real estate in Bannockburn, 3331 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.28%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bannockburn has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Bannockburn should be aiming for at least -6.46% off the asking price, which is the average vendor discount being achieved at the moment.
At number 2882 in a list of fastest selling suburbs, Bannockburn is in the bottom 30% of suburbs in Australia with an average of days on market 108.7 for properties listed there.
Property investors should expect to get $350 weekly from the median priced house in this suburb.