Property investors who have had real estate in Albany, 6330 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -28.47%
If we look at median property appreciation over just the last three months, Albany has given property investors a paper return of 0.00%. This puts Suburb as 170 on a list of fastest fasting appreciating suburbs in WA
The most recent median price for Albany is $515000, with sellers offering an average of -12.58% off the asking price.
In the last year 23 properties changed hands in Albany, which puts it as the 341th most active market in WA when comparing the number of sales per suburb.
Using the current median advertised rental of $375 and the average annual increase in value of a median property of 4.54%, investors should hope to achieve an overall return of 3.79%