With a capital gain of -3.00% for the last 12 months, Auburn, 2144 has performed for property investments than its average annual 8.65% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Auburn has given property investors a paper return of -1.96%. This puts Suburb as 1187 on a list of fastest fasting appreciating suburbs in NSW
Auburn2144 is located in NSW which offers an average discount of -5.49% to property investors. Auburn itself is showing figures that indicate -8.45% is the average achievable by property buyers investing in the suburb.
At number 2923 in a list of fastest selling suburbs, Auburn is in the bottom 30% of suburbs in Australia with an average of days on market 109.61 for properties listed there.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 2.99%, without taking into account capital value appreciation, which has been averaging out at 8.65%.
If you compare the increase in value of investment property in Auburn, 2144 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -10.46%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Auburn has increased when compared to the 5 year average annual rate.
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 -6.16% is being offered, which puts this NSW suburb at 438th most discounted overall in Australia.
At number 849 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 83.97 for properties listed there.
Auburn, 2144’s gross rental yield is 4.49%
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.