Bankstown, 2200 ranked 916th in NSW when comparing growth in median property values or capital gain over the last 12 months. Bankstown is one of 3163 in our list for NSW
Comparing Bankstown,2200 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.25% offered to property buyers. Sellers in Bankstown itself are offering an average vendor discount of -6.15% to real estate investors.
On average over the past year, suburb has had 13.50 sales per month, which equates to 162 per year.
Using the current median advertised rental of $545 and the average annual increase in value of a median property of 8.88%, investors should hope to achieve an overall return of 2.91%
Property value increases in Bankstown have tracked just lower than the NSW average of 8.31% over the last 12 months.
Over the longer term, Bankstown has seen property prices show investors a 23.10% return over the last 3 years. This is worse than over the last 12 months
At number 104th of NSW’s most discounted properties, Bankstown is in the bottom 30% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 35.83 sales per month, which equates to 430 per year.
Renters in Suburb are facing rents around $5160 per annum or $430 every week.
Information supplied by:June 2017
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Bankstown recorded a whopping 15.9% increase in house prices, whereas units saw 5.2% growth.Full summary
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.
Original post: http://www.yourinvestmentpropertymag.com.au/top-suburbs/NSW-2200-bankstown.aspx