If you compare the increase in value of investment property in Albion, 4010 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 18.13%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Albion has increased when compared to the 5 year average annual rate.
Vendor discounting in Albion is giving property investors an average Vendor Discount of around -4.94%. This puts suburb at number 175th in QLD when ranking the most discounted suburbs.
Albion, 4010’s gross rental yield is 2.92%
Investment property in Albion has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.20%
Across a shorter period, Albion, 4010 has seen a median price increase of 2.79% over the last quarter.
Property buyers and investors in Albion 4010 should be seeing an average reduction in asking price of around 0.00% . This means that Albion is holding prices well when compared to other suburbs in QLD.
With the median price for a house in Albion being $443500 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 4.86%