The suburb’s capital gain of 1.1% for the past year is lower than average compared to its 37.66% growth within a five-year period.
Also in BANYO, the median home price is sitting at $530,000, and the average rent at $420, this suggests property owners could potentially earn a 4.12% increase in gross rental yield.
Property investors have seen a 0% gain in BANYO based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.45% growth over a ten-year period. It ranks 1859th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.1%||N/A|
|Median 3 years||21.84%||N/A|
|Median 5 years||37.66%||N/A|
|10 years average annual||4.45%||N/A|
|Weekly media advert. rent||$420||N/A|
|Time on Market||43.5 days||N/A|
|Gross Rental Yield Percent||4.12%||N/A|