Auburn is in the bottom 20% in NSW when comparing median price capital growth over the last year. Auburn gave property investors a dismal capital gain figure when compared to the rest of the state, with -5.94%.
Auburn,2144 was ranked 1118 in Australia by increase in median property value over the quarter.
At number 162th of NSW’s most discounted properties, Auburn is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $490 mark per week – giving a return of 3.01% based on the median price in Suburb
Auburn, 2144 ranked 80th in NSW when comparing growth in median property values or capital gain over the last 12 months. Auburn is one of 3163 in our list for NSW
If we look at median property appreciation over just the last three months, Auburn has given property investors a paper return of 1.77%. This puts Suburb as 208 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Auburn is $590250, with sellers offering an average of -5.65% off the asking price.
At number 841 in a list of fastest selling suburbs, Auburn is in the bottom 40% of suburbs in Australia with an average of days on market 83.6341 for properties listed there.
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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.