Property investors who have had real estate in Banks, 2906 should be ok with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.62%
Taking the average capital gain, or increase in median house value, Banks,2906 has racked up an average of -1.62% over the period. This ranks it number 1314th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Banks, 2906. Typically our figures indicate that -2.84% is being offered, which puts this ACT suburb at 3011th most discounted overall in Australia.
At number 429 in a list of fastest selling suburbs, Banks is in the TOP 20% of suburbs in Australia with an average of days on market 50.2807 for properties listed there.
With the median price for a house in Banks being $487000 and the advertised rent reaching $475 the gross rental yield for property investors calculates out to be 5.07%
Banks, 2906 ranked 21th in ACT when comparing growth in median property values or capital gain over the last 12 months. Banks is one of 126 in our list for ACT
Residents and property investors in Banks have been waiting around 105.8 days to sell a property.
Banks is 21th on a list of best yielding suburbs for rents in ACT with a 5.66% return