Investment property in Albany Creek has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.43%
If we look at median property appreciation over just the last three months, Albany Creek has given property investors a paper return of -1.69%. This puts Suburb as 647 on a list of fastest fasting appreciating suburbs in QLD
Sellers are offering property buyers an average discount of -4.29% to buyers in Albany Creek at the moment, which is less than average for the rest of QLD.
Advertised rents are around the $470 mark per week – giving a return of 4.21% based on the median price in Suburb
Over the last year, property investments in Albany Creek, 4035 have given investors a capital gain of 13.10%. This compares very favourably with the 0.66% for QLD as a whole.
While Albany Creek,4035 ranked number 78th in QLD for increase in median house value (annualised) increase, it is ranked 16th over the last 5 years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.77% offered to property buyers. Sellers in Albany Creek itself are offering an average vendor discount of -8.38% to real estate investors.
Advertised rents are around the $410 mark per week – giving a return of 4.49% based on the median price in Suburb
While pockets of Brisbane are facing potential oversupply, Albany Creek bucks this trend by reporting a 39% decrease in overall stock over the past 12 months leading up to April 2017, according to Real Estate Investar.Full summary
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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.Close