Bannockburn has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 3.95% to date .
Across a shorter period, Bannockburn, 3331 has seen a median price increase of 3.27% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.71% offered to property buyers. Sellers in Bannockburn itself are offering an average vendor discount of -5.39% to real estate investors.
Often selling an investment property can take time, and in Bannockburn the average time real estate has been on the market is 98.39 days.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.61%, without taking into account capital value appreciation, which has been averaging out at 3.19%.