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AREA REPORTS

Bankstown

Suburb Profile

Bankstown - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2200

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 0.84% capital gain.

Property investors in BANKSTOWN enjoyed capital gains of 9.64% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $961,000.

Profits due to an upward trend in home prices there averaged 0.28% per annum over a 3-year period.

Home owners selling their properties and realtors in BANKSTOWN usually have to wait an average of 94.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $500 mark, reflecting a 2.71% increase in returns based on the current median price in BANKSTOWN.

BANKSTOWN, 2200 places 666th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $961,000 $501,500
GROWTH REPORT
Median Quarterly 1.16% 0.3%
Median 12 month 9.64% 3.4%
Median 3 years 0.84% -5.2%
Median 5 years 20.13% 3.4%
10 years average annual 7.39% 5.93%
Weekly media advert. rent $500 $410
Time on Market 94.6 days 61.1 days
Gross Rental Yield Percent 2.71% 4.25%
demographics (median values)
Total Population
26451
Weekly Household Income
762.1
Household Size
2.90
demographics
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