Investment property in Auburn has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.34%
When looking at the potential capital gains offered to property investors over the last 3 years, Auburn comes in at number 596th in NSW.
Sellers are offering property buyers an average discount of -7.43% to buyers in Auburn at the moment, which is less than average for the rest of NSW.
With the median price for a house in Auburn being $870000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 2.99%
At number 1577th in the list of Australian suburbs ordered by increase in median house value over the last year, Auburn, 2144 is in the BOTTOM 10% with a property value increase of -10.26% recorded in median house prices.
If we look at median property appreciation over just the last three months, Auburn has given property investors a paper return of 0.96%. This puts Suburb as 315 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Auburn is offering property investors an average of -4.33. This rate of discount on properties puts Suburb at number 63th in terms of most discounted suburbs in NSW
In the last year 311 properties changed hands in Auburn, which puts it as the 21th most active market in NSW when comparing the number of sales per 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.