VIC has seen average median house prices change by 9.04% which means that Albion, 3020 has done well for property investors by showing a capital gain of 16.92% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Albion has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Albion are currently offering property investors an average price cut of -7.76% below the asking price at the moment.
Over the last year, property investments in Albion, 3020 have given investors a capital gain of -10.48%. This compares very badly with the 4.28% for VIC as a whole.
While Albion,3020 ranked number 288th in VIC for increase in median house value (annualised) increase, it is ranked 323th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.03% offered to property buyers. Sellers in Albion itself are offering an average vendor discount of -2.51% to real estate investors.
On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.
Property investors should expect to get $240 weekly from the median priced house in this suburb.