Property investors who have had real estate in Albany Creek, 4035 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.72%
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.
LACK OF BUYER INTEREST may well be the reason that Albany Creek is offering property investors an average of -6.63. This rate of discount on properties puts Suburb at number 711th in terms of most discounted suburbs in QLD
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 2.88%, investors should hope to achieve an overall return of 4.05%
Giving property investors a a poor capital gain of -5.12% for the last year, Albany Creek, 4035 is the 1418th highest performer in Australia in this respect.
The five-year average increase in median property values for Albany Creek,4035 has given property investors a potential capital gain of 20.00% across each of those five years.
Vendor discounting in Albany Creek is giving property investors an average Vendor Discount of around -6.08%. This puts suburb at number 122th in QLD when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $4920 per annum or $410 every week.
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
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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