Property value increases in Banks have tracked just higher than the ACT average of 5.48% over the last 12 months.
If we look at median property appreciation over just the last three months, Banks has given property investors a paper return of 4.21%. This puts Suburb as 37 on a list of fastest fasting appreciating suburbs in ACT
Vendor discounting in Banks is giving property investors an average Vendor Discount of around -1.45%. This puts suburb at number 20th in ACT when ranking the most discounted suburbs.
Using the current median advertised rental of $475 and the average annual increase in value of a median property of 1.27%, investors should hope to achieve an overall return of 4.53%
Banks has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 10.51% to date .
Comparing Banks,2906 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period