Giving property investors a an average capital gain of 3.79% for the last year, Auburn, 2144 is the 2340th highest performer in Australia in this respect.
A 84.88% growth in median value for property investors in Auburn,2144 puts this suburb at number 1152th in terms of best performing suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Auburn, 2144. Typically our figures indicate that -8.00% is being offered, which puts this NSW suburb at 775th most discounted overall in Australia.
On average over the past year, suburb has had 14.08 sales per month, which equates to 169 per year.
Auburn, 2144’s gross rental yield is 2.84%
Auburn is an average performer in NSW when comparing median price capital growth over the last year. Auburn gave property investors a average capital gain figure when compared to the rest of the state, with 7.00%.
Taking the average capital gain, or increase in median house value, Auburn,2144 has racked up an average of 7.00% over the period. This ranks it number 66th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Auburn is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 67th in terms of most discounted suburbs in NSW
At number 830 in a list of fastest selling suburbs, Auburn is just in the bottom half of suburbs in Australia with an average of days on market 78.2 for properties listed there.
Situated 12.07km from the CBD, Auburn is one of Auburn localities in the postcode 2144.
After a stretch of outstanding growth there are signs that owners may be looking to leave the market in Auburn.Full summary
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After a stretch of outstanding growth there are signs that owners may be looking to leave the market in Auburn.
According to the latest figures from Real Estate Investar, the level of stock on market has increased 45% in the past 12 months, with the increase being spread across both houses and units.
Those who are selling are likely to make a decent profit, with the median house price currently at $900,000 after growing 86% in the last five years.
Unit prices have also been performing well, with a median price of $520,000, after 60% growth over the last five years. Close
While there is a definite increase in the number of vendors in Auburn, it’s unlikely they’ll see a quick sale.
Houses in the Western Sydney suburb are currently taking 75 days to sell, while units are spending 56 days on the market.