Giving property investors a an unimpressive capital gain of -1.69% for the last year, Albany Creek, 4035 is the 2964th highest performer in Australia in this respect.
Albany Creek,4035 was ranked 1997 in Australia by increase in median property value over the quarter.
Vendor discounting in Albany Creek is giving property investors an average Vendor Discount of around -4.52%. This puts suburb at number 694th in QLD when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $24960 per annum or $480 every week.
If you compare the increase in value of investment property in Albany Creek, 4035 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 3.68%.
A 42.44% growth in median value for property investors in Albany Creek,4035 puts this suburb at number 129th in terms of best performing suburbs in QLD
Albany Creek, 4035 is offering QLD ‘s 99th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this QLD.
In the last year 44 properties changed hands in Albany Creek, which puts it as the 191th most active market in QLD when comparing the number of sales per suburb.
While pockets of Brisbane are facing potential oversupply, Albany Creek bucks this trend by reporting a 39% decrease in overall stock over the past 12 months leading up to April 2017, according to Real Estate Investar.Full summary
Information supplied by:
Stock plummets in Moreton Bay centre
Median unit price: $415,000
Stock on market: -39%
12-month growth: -1.48%
While pockets of Brisbane are facing potential oversupply, the suburb of Albany Creek bucks this trend by reporting a 39% decrease in overall stock over the past 12 months leading up to April 2017, as per Real Estate Investar.
This Moreton Bay suburb is roughly a 30-minute drive north of the Brisbane CBD, which is a significant factor that appeals to prospective buyers. However, despite strong performance in recent years, apartment prices have fallen slightly (by approximately 1.5%) in the past year.
Albany Creek’s many amenities could be its saving grace, nonetheless. It is the site of several primary schools and a high school. It also houses many restaurants and various shopping centres, making it a major service centre in the region. Buses also run to and from Brisbane daily.Close