Property value increases in Auburn have tracked just lower than the NSW average of 10.55% over the last 12 months.
The five-year average increase in median property values for Auburn,2144 has given property investors a potential capital gain of 86.65% across each of those five years.
Vendor discounting in Auburn is giving property investors an average Vendor Discount of around -6.55%. This puts suburb at number 238th in NSW when ranking the most discounted suburbs.
On average over the past year, suburb has had 15.83 sales per month, which equates to 190 per year.
The NSW suburb of Auburn, 2144 is in the Auburn local government area.
Auburn, 2144 ranked 417th in NSW when comparing growth in median property values or capital gain over the last 12 months. Auburn is one of 3163 in our list for NSW
Taking the average capital gain, or increase in median house value, Auburn,2144 has racked up an average of 1.82% over the period. This ranks it number 202th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.12% offered to property buyers. Sellers in Auburn itself are offering an average vendor discount of -5.70% to real estate investors.
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.