Lake Albert has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.71% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lake Albert has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Lake Albert should be aiming for at least -4.44% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 119 properties changed hands in Lake Albert, which puts it as the 203th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $350 mark per week – giving a return of 5.29% based on the median price in Suburb