NSW has seen average median house prices change by 1.14% which means that Bankstown, 2200 has done well for property investors by showing a capital gain of -0.99% over the last year
A 24.08% growth in median value for property investors in Bankstown,2200 puts this suburb at number 501th in terms of best performing suburbs in NSW
Sellers are offering property buyers an average discount of -6.38% to buyers in Bankstown at the moment, which is less than average for the rest of NSW.
Advertised rents are around the $550 mark per week – giving a return of 3.02% based on the median price in Suburb
Giving property investors a an average capital gain of -0.10% for the last year, Bankstown, 2200 is the 825th highest performer in Australia in this respect.
Bankstown,2200 has offered an average of -0.10% return per annum in house price rises to property investors over the last three years.
Bankstown2200 is located in NSW which offers an average discount of -5.74% to property investors. Bankstown itself is showing figures that indicate -6.34% is the average achievable by property buyers investing in the suburb.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.47%, without taking into account capital value appreciation, which has been averaging out at 6.20%.
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The suburb of Bankstown, which has long been a popular prospect for Sydney buyers, has seen its value skyrocket in the past 12 months alone.
It recorded a whopping 15.9% increase in house prices, whereas units saw 5.2% growth. While the unit market is not growing at the same rate as the house market, it has been rising steadily. Rental yields for apartments are also reasonably strong at an average of 4.4%.
Bankstown’s key appeal is in its proximity to the CBD. The Bankstown Airport is just 10 minutes away, and it is the site of a large business park. There are several schools as well, including a university and a hospital school. There are various shopping hubs, and for public transport, there is a train station in the suburb.