If you compare the increase in value of investment property in Bankstown, 2200 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.56%.
If we look at median property appreciation over just the last three months, Bankstown has given property investors a paper return of 1.53%. This puts Suburb as 786 on a list of fastest fasting appreciating suburbs in NSW
Bankstown2200 is located in NSW which offers an average discount of -5.24% to property investors. Bankstown itself is showing figures that indicate -8.09% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 9.06%, investors should hope to achieve an overall return of 2.87%
Investment property in Bankstown has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.18%
While Bankstown,2200 ranked number 423th in NSW for increase in median house value (annualised) increase, it is ranked 189th over the last 5 years.
Bankstown2200 is located in NSW which offers an average discount of -4.11% to property investors. Bankstown itself is showing figures that indicate -5.25% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Bankstown have been waiting around 54.38 days to sell a property.
Bankstown recorded a whopping 15.9% increase in house prices, whereas units saw 5.2% growth.Full summary
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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.Close