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 4.5% and has experienced a 12-month capital growth of Up 18.3%, with a median house buy price of $911,250. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
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$780,250
$995,000
$911,250
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 $911,250 for houses to $685,000 for units. If you are looking for an investment property, consider houses in Banks rent out for $670 PW with an annual rental yield of 4.5% and units rent for $628 PW with a rental yield of 4.7%. Banks has seen an annual compound growth rate of 18.3% for houses and 0.7% for units.
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