Property investors who have had real estate in St Albans, 3021 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 21.59%
St Albans,3021 was ranked 523 in Australia by increase in median property value over the quarter.
Vendor discounting in St Albans is giving property investors an average Vendor Discount of around -4.82%. This puts suburb at number 384th in VIC when ranking the most discounted suburbs.
At number 1206 in a list of fastest selling suburbs, St Albans is in the TOP 40% of suburbs in Australia with an average of days on market 64.6 for properties listed there.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 3.21%, without taking into account capital value appreciation, which has been averaging out at 9.77%.
Giving property investors a a stable capital gain of 5.74% for the last year, St Albans, 3021 is the 637th highest performer in Australia in this respect.
St Albans,3021 has offered an average of 5.74% return per annum in house price rises to property investors over the last three years.
At number 47th of VIC’s most discounted properties, St Albans is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Situated 15.82km from the CBD, St Albans is one of Brimbank localities in the postcode 3021.