Property value increases in Albert Park have tracked close to the SA average of 1.50% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Albert Park has increased when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.61% offered to property buyers. Sellers in Albert Park itself are offering an average vendor discount of -5.43% to real estate investors.
On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.
Advertised rents are around the $360 mark per week – giving a return of 4.36% based on the median price in Suburb