Property investors who have had real estate in Bannockburn, 3331 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.74%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bannockburn has increased when compared to the 5 year average annual rate.
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 Bannockburn, 3331. Typically our figures indicate that -3.82% is being offered, which puts this VIC suburb at 2955th most discounted overall in Australia.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.41%, without taking into account capital value appreciation, which has been averaging out at 5.42%.