Over the last year, property investments in Banks, 2906 have given investors a capital gain of 4.94%. This compares averagely with the 3.61% for ACT as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Banks comes in at number 48th in ACT.
Vendor discounting in Banks is giving property investors an average Vendor Discount of around -2.30%. This puts suburb at number 30th in ACT when ranking the most discounted suburbs.
In the last year 94 properties changed hands in Banks, which puts it as the 9th most active market in ACT when comparing the number of sales per suburb.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 1.52%, investors should hope to achieve an overall return of 5.00%
Property value increases in Banks have tracked just higher than the ACT average of 2.54% over the last 12 months.
Comparing Banks,2906 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Situated 21.76km from the CBD, Banks is one of Unincorporated ACT localities in the postcode 2906.