Albany Creek has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 2.61% to date .
Across a shorter period, Albany Creek, 4035 has seen a median price increase of 0.21% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.72% offered to property buyers. Sellers in Albany Creek itself are offering an average vendor discount of -2.35% to real estate investors.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 3.63%, investors should hope to achieve an overall return of 4.05%
Property value increases in Albany Creek have tracked just lower than the QLD average of -0.09% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Albany Creek has increased when compared to the 5 year average annual rate.
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