BANKS 2906
State: ACTPosiProp AI Investment Summary
BANKS (ACT 2906) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.2% and has experienced a 12-month capital growth of Up 17.9%, with a median house buy price of $881,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
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$760,000
$971,000
$881,000
Suburb Market Profile
Last month Banks had 4 properties available for rent and 17 properties for sale. Median property prices over the last year range from $881,000 for houses to $665,000 for units. If you are looking for an investment property, consider houses in Banks rent out for $650 PW with an annual rental yield of 4.2% and units rent for $625 PW with a rental yield of 4.5%. Banks has seen an annual compound growth rate of 17.9% for houses and 8.9% for units.