Investment property in St Albans 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 23.35%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in St Albans has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in St Albans should be aiming for at least -3.72% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 10.24%, investors should hope to achieve an overall return of 3.06%
Property value increases in St Albans have tracked just lower than the VIC average of 4.79% over the last 12 months.
If we look at median property appreciation over just the last three months, St Albans has given property investors a paper return of -1.32%. This puts Suburb as 293 on a list of fastest fasting appreciating suburbs in VIC
At number 68th of VIC’s most discounted properties, St Albans is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $310 mark per week – giving a return of 4.80% based on the median price in Suburb