Albany Creek, 4035 ranked 562th in QLD when comparing growth in median property values or capital gain over the last 12 months. Albany Creek is one of 2415 in our list for QLD
When looking at the potential capital gains offered to property investors over the last 3 years, Albany Creek comes in at number 388th in QLD.
Property buyers and investors in Albany Creek 4035 should be seeing an average reduction in asking price of around -3.45% . This means that Albany Creek is holding prices well when compared to other suburbs in QLD.
Albany Creek, 4035’s gross rental yield is 3.91%
If you compare the increase in value of investment property in Albany Creek, 4035 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 4.07%.
Albany Creek,4035 has offered an average of 4.07% return per annum in house price rises to property investors over the last three years.
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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.