VIC has seen average median house prices change by 7.68% which means that Albion, 3020 has done well for property investors by showing a capital gain of 25.22% over the last year
Comparing Albion,3020 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 Albion, 3020. Typically our figures indicate that -6.10% is being offered, which puts this VIC suburb at 1790th most discounted overall in Australia.
With the median price for a house in Albion being $576000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 3.07%
Property value increases in Albion have tracked just higher than the VIC average of 3.19% over the last 12 months.
Across a shorter period, Albion, 3020 has seen a median price increase of -5.97% over the last quarter.
Vendor discounting in Albion is giving property investors an average Vendor Discount of around -4.25%. This puts suburb at number 212th in VIC when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $2880 per annum or $240 every week.