Giving property investors a an unimpressive capital gain of -8.82% for the last year, Auburn, 2144 is the 3217th highest performer in Australia in this respect.
Comparing Auburn,2144 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Auburn is $827500, with sellers offering an average of -9.32% off the asking price.
Property investors should expect to get $500 weekly from the median priced house in this suburb.
Property investors who have had real estate in Auburn, 2144 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.85%
While Auburn,2144 ranked number 95th in NSW for increase in median house value (annualised) increase, it is ranked 164th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Auburn is offering property investors an average of -6.83. This rate of discount on properties puts Suburb at number 42th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 15.58 sales per month, which equates to 187 per year.
Advertised rents are around the $450 mark per week – giving a return of 4.25% based on the median price in Suburb
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After a stretch of outstanding growth there are signs that owners may be looking to leave the market in Auburn.
According to the latest figures from Real Estate Investar, the level of stock on market has increased 45% in the past 12 months, with the increase being spread across both houses and units.
Those who are selling are likely to make a decent profit, with the median house price currently at $900,000 after growing 86% in the last five years.
Unit prices have also been performing well, with a median price of $520,000, after 60% growth over the last five years.
While there is a definite increase in the number of vendors in Auburn, it’s unlikely they’ll see a quick sale.
Houses in the Western Sydney suburb are currently taking 75 days to sell, while units are spending 56 days on the market.