At number 809th in the list of Australian suburbs ordered by increase in median house value over the last year, Albany Creek, 4035 is in the top 20% with a property value increase of 6.03% recorded in median house prices.
Across a shorter period, Albany Creek, 4035 has seen a median price increase of 1.07% over the last quarter.
Property buyers and investors in Albany Creek 4035 should be seeing an average reduction in asking price of around -4.13% . This means that Albany Creek is holding prices well when compared to other suburbs in QLD.
Albany Creek, 4035’s gross rental yield is 4.23%
If you compare the increase in value of investment property in Albany Creek, 4035 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was -1.56%.
Across a shorter period, Albany Creek, 4035 has seen a median price increase of 0.64% over the last quarter.
At number 990 in a list of fastest selling suburbs, Albany Creek is in the bottom 30% of suburbs in Australia with an average of days on market 96.6 for properties listed there.
The QLD suburb of Albany Creek, 4035 is in the Moreton Bay (R) local government area.
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Stock plummets in Moreton Bay centre
Median unit price: $415,000
Stock on market: -39%
12-month growth: -1.48%
While pockets of Brisbane are facing potential oversupply, the suburb of Albany Creek bucks this trend by reporting a 39% decrease in overall stock over the past 12 months leading up to April 2017, as per Real Estate Investar.
This Moreton Bay suburb is roughly a 30-minute drive north of the Brisbane CBD, which is a significant factor that appeals to prospective buyers. However, despite strong performance in recent years, apartment prices have fallen slightly (by approximately 1.5%) in the past year.
Albany Creek’s many amenities could be its saving grace, nonetheless. It is the site of several primary schools and a high school. It also houses many restaurants and various shopping centres, making it a major service centre in the region. Buses also run to and from Brisbane daily.