AREA REPORTS

Banksia

 

 

Suburb Profile

Banksia - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2216

house
unit

Property investors enjoyed capital gains of 2.12% over the last 12 months in BANKSIA, translating to lower returns compared with its peers in NSW.

Figures from the previous quarter show that capital gains for real estate buyers in BANKSIA are low, as opposed to average gains per annum over the past five years.

The suburb posted a 26.05% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

On average, rents on listings have reached the $600 mark, reflecting a 2.59% increase in returns based on the current median price in BANKSIA.

BANKSIA, 2216 ranks 834th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 995th on the list of best yielding suburbs for rental properties in NSW, posting a 2.59% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,205,000 $677,500
GROWTH REPORT
Median Quarterly 0.21% N/A
Median 12 month 2.12% N/A
Median 3 years 26.05% N/A
Median 5 years 74.64% 33.37%
10 years average annual 9.02% N/A
Weekly media advert. rent $600 $520
Time on Market 57.0 days 29.5 days
Gross Rental Yield Percent 2.59% 3.99%
demographics (median values)
Total Population
2951
Weekly Household Income
1095
Household Size
2.90
demographics
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Top 10 Birth Countries
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Tenure Type

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