At number 1786th in the list of Australian suburbs ordered by increase in median house value over the last year, Auburn, 2144 is in the top half with a property value increase of 8.88% recorded in median house prices.
Over the longer term, Auburn has seen property prices show investors a 29.69% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Auburn is giving property investors an average Vendor Discount of around -6.27%. This puts suburb at number 288th in NSW when ranking the most discounted suburbs.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 9.43%, investors should hope to achieve an overall return of 2.74%
Auburn has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.66% to date .
The five-year average increase in median property values for Auburn,2144 has given property investors a potential capital gain of 67.41% across each of those five years.
Vendor discounting in Auburn is giving property investors an average Vendor Discount of around -5.35%. This puts suburb at number 98th in NSW when ranking the most discounted suburbs.
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.