Over the last year, property investments in St Albans, 3021 have given investors a capital gain of 18.60%. This compares very favourably with the 8.12% for VIC as a whole.
While St Albans,3021 ranked number 152th in VIC for increase in median house value (annualised) increase, it is ranked 241th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that St Albans is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 433th in terms of most discounted suburbs in VIC
At number 882th in the list of Australian suburbs ordered by increase in median house value over the last year, St Albans, 3021 is in the BOTTOM 50% with a property value increase of 2.33% recorded in median house prices.
While St Albans,3021 ranked number 207th in VIC for increase in median house value (annualised) increase, it is ranked 210th over the last 5 years.
Vendor discounting in St Albans is giving property investors an average Vendor Discount of around -6.90%. This puts suburb at number 48th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 5.96%, investors should hope to achieve an overall return of 4.73%