Over the last year, property investments in Albion, 3020 have given investors a capital gain of 20.11%. This compares very favourably with the 8.23% for VIC as a whole.
Comparing Albion,3020 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Albion are currently offering property investors an average price cut of -4.64% below the asking price at the moment.
In the last year 46 properties changed hands in Albion, which puts it as the 438th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $320 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Albion, 3020 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 17.05%.
Across a shorter period, Albion, 3020 has seen a median price increase of 1.78% over the last quarter.
Vendor discounting in Albion is giving property investors an average Vendor Discount of around -5.94%. This puts suburb at number 96th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Albion the average time real estate has been on the market is 67.96 days.
Advertised rents are around the $230 mark per week – giving a return of 4.64% based on the median price in Suburb