At number 3507th in the list of Australian suburbs ordered by increase in median house value over the last year, Auburn, 2144 is in the BOTTOM 20% with a property value increase of -11.47% recorded in median house prices.
Auburn,2144 was ranked 3671 in Australia by increase in median property value over the quarter.
Auburn, 2144 is offering NSW ‘s 168th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.
Residents and property investors in Auburn have been waiting around 111.42 days to sell a property.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 8.18%, investors should hope to achieve an overall return of 3.13%
Property investors who have had real estate in Auburn, 2144 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.64%
Comparing Auburn,2144 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.83% offered to property buyers. Sellers in Auburn itself are offering an average vendor discount of -8.23% to real estate investors.
Situated 16.27km from the CBD, Auburn is one of Cumberland (A) localities in the postcode 2144.
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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.