St Albans Park has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 4.47% to date .
St Albans Park,3219 was ranked 853 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in St Albans Park should be aiming for at least -3.72% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 80 properties changed hands in St Albans Park, which puts it as the 327th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 3.73%, investors should hope to achieve an overall return of 4.90%
If you compare the increase in value of investment property in St Albans Park, 3219 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 2.18%.
If we look at median property appreciation over just the last three months, St Albans Park has given property investors a paper return of 1.57%. This puts Suburb as 175 on a list of fastest fasting appreciating suburbs in VIC
A $280 per week rent on the median house gives suburb investors a gross yield of circa 5.64%, without taking into account capital value appreciation, which has been averaging out at 4.28%.