At number 1557th in the list of Australian suburbs ordered by increase in median house value over the last year, Auburn, 2144 is in the top 40% with a property value increase of 8.00% recorded in median house prices.
Auburn,2144 has offered an average of 8.00% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Auburn are currently offering property investors an average price cut of -7.73% below the asking price at the moment.
In the last year 163 properties changed hands in Auburn, which puts it as the 95th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Auburn, 2144 is in the Auburn local government area.
NSW has seen average median house prices change by 4.56% which means that Auburn, 2144 has done well for property investors by showing a capital gain of -2.90% over the last year
Comparing Auburn,2144 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -5.69% to buyers in Auburn at the moment, which is less than average for the rest of NSW.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.37%, without taking into account capital value appreciation, which has been averaging out at 7.21%.
After a stretch of outstanding growth there are signs that owners may be looking to leave the market in Auburn.Full summary
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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. Close
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.