At number 3260th in the list of Australian suburbs ordered by increase in median house value over the last year, Auburn, 2144 is in the BOTTOM 30% with a property value increase of -3.00% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Auburn comes in at number 420th in NSW.
At number 163th of NSW’s most discounted properties, Auburn is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Auburn the average time real estate has been on the market is 116.2 days.
Auburn is 908th on a list of best yielding suburbs for rents in NSW with a 2.95% return
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 -10.47%.
If we look at median property appreciation over just the last three months, Auburn has given property investors a paper return of -0.48%. This puts Suburb as 419 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Auburn 2144 should be seeing an average reduction in asking price of around -6.14% . This means that Auburn is holding prices well when compared to other suburbs in NSW.
The NSW suburb of Auburn, 2144 is in the Auburn local government area.
After a stretch of outstanding growth there are signs that owners may be looking to leave the market in Auburn.Full summary
Information supplied by:
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.