Bannockburn has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 0.65% to date .
Across a shorter period, Bannockburn, 3331 has seen a median price increase of 1.56% 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 -5.99% offered to property buyers. Sellers in Bannockburn itself are offering an average vendor discount of -6.50% to real estate investors.
On average over the past year, suburb has had 5.50 sales per month, which equates to 66 per year.
Using the current median advertised rental of $342.5 and the average annual increase in value of a median property of 2.89%, investors should hope to achieve an overall return of 4.57%