The suburb’s capital gain of 0% for the past year is lower than average compared to its 40.79% growth within a five-year period.
Also in BANYO, the median home price is sitting at $535,000, and the average rent at $420, this suggests property owners could potentially earn a 4.08% increase in gross rental yield.
Property investors have seen a 0.94% 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 3.83% growth over a ten-year period. It ranks 2140th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0%||N/A|
|Median 3 years||22.99%||N/A|
|Median 5 years||40.79%||N/A|
|10 years average annual||3.83%||N/A|
|Weekly media advert. rent||$420||N/A|
|Time on Market||46.6 days||N/A|
|Gross Rental Yield Percent||4.08%||N/A|