Property investors enjoyed capital gains of 17.92% over the last 12 months in BANKSIA, translating to lower returns compared with its peers in NSW.
The suburb posted a 40.69% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $670 based on current median home prices for the suburb.
On average, rents on listings have reached the $670 mark, reflecting a 2.79% increase in returns based on the current median price in BANKSIA.
BANKSIA, 2216 ranks 279th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 882nd on the list of best yielding suburbs for rental properties in NSW, posting a 2.79% return.
When an industry person not from WA...
Excellent and very sound advice which...
this is stupid..... why should people...
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal