Property investors who have had real estate in Bannockburn, 3331 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.71%
While Bannockburn,3331 ranked number 337th in VIC for increase in median house value (annualised) increase, it is ranked 519th over the last 5 years.
Bannockburn3331 is located in VIC which offers an average discount of -5.41% to property investors. Bannockburn itself is showing figures that indicate -4.41% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 6.42 sales per month, which equates to 77 per year.
With the median price for a house in Bannockburn being $400000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.55%