Investment property in Albion has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 20.15%
If we look at median property appreciation over just the last three months, Albion has given property investors a paper return of 5.83%. This puts Suburb as 125 on a list of fastest fasting appreciating suburbs in VIC
Albion, 3020 is offering VIC ‘s 132th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
Often selling an investment property can take time, and in Albion the average time real estate has been on the market is 33.27 days.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
Albion is in the bottom 10% in VIC when comparing median price capital growth over the last year. Albion gave property investors a dismal capital gain figure when compared to the rest of the state, with -10.48%.
Property investors looking for a bargain in Albion should be aiming for at least -2.87% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $250 mark per week – giving a return of 5.69% based on the median price in Suburb