Property investors who have had real estate in Auburn, 2144 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.00%
If we look at median property appreciation over just the last three months, Auburn has given property investors a paper return of -3.72%. This puts Suburb as 1248 on a list of fastest fasting appreciating suburbs in NSW
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 -8.84% is being offered, which puts this NSW suburb at 565th most discounted overall in Australia.
Property investors should expect to get $500 weekly from the median priced house in this suburb.
At number 1541th in the list of Australian suburbs ordered by increase in median house value over the last year, Auburn, 2144 is in the BOTTOM 20% with a property value increase of -8.30% recorded in median house prices.
Across a shorter period, Auburn, 2144 has seen a median price increase of -3.11% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in Auburn itself are offering an average vendor discount of -6.27% to real estate investors.
Residents and property investors in Auburn have been waiting around 86.5 days to sell a property.
Advertised rents are around the $450 mark per week – giving a return of 4.56% based on the median price in 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.