Property value increases in Auburn have tracked lower than the NSW average of 7.47% over the last 12 months.
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.
Property investors looking for a bargain in Auburn should be aiming for at least -7.45% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $500 mark per week – giving a return of 2.96% based on the median price in Suburb
With a capital gain of -11.11% for the last 12 months, Auburn, 2144 has performed for property investments than its average annual 6.84% property growth over the last 5 years.
Auburn,2144 was ranked 860 in Australia by increase in median property value over the quarter.
Auburn2144 is located in NSW which offers an average discount of -4.41% to property investors. Auburn itself is showing figures that indicate -6.18% is the average achievable by property buyers investing in the suburb.
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.