With a capital gain of -0.25% for the last 12 months, St Albans, 3021 has performed for property investments than its average annual 6.71% property growth over the last 5 years.
Across a shorter period, St Albans, 3021 has seen a median price increase of 1.96% over the last quarter.
St Albans, 3021 is offering VIC ‘s 141th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
Renters in Suburb are facing rents around $18720 per annum or $360 every week.
VIC has seen average median house prices change by 7.35% which means that St Albans, 3021 has done well for property investors by showing a capital gain of 3.99% over the last year
Across a shorter period, St Albans, 3021 has seen a median price increase of 1.66% over the last quarter.
Our latest figures would indicate that property sellers in St Albans are currently offering property investors an average price cut of -7.03% below the asking price at the moment.
At number 668 in a list of fastest selling suburbs, St Albans is just in the top half of suburbs in Australia with an average of days on market 76.4691 for properties listed there.
Information supplied by:
Developing suburb boasts housing growth
Median house price: $622,000
Three-year growth: 68.1%
Rental yield: 2.9%
A significant performer in the Melbourne housing market, St Albans is a suburb with great potential.
St Albans has recorded consistent price increases since 2013 – the demand is supported by the many amenities in the suburb and the infrastructure upgrades that have boosted its appeal to owner-occupiers and investors, reports Cedar Woods Properties.
“St Albans has flown under the radar for a long time, and it is only now being noticed as one of Melbourne’s up and coming suburbs,” says Cedar Woods COO Patrick Archer.
Victoria University and Sunshine Hospital are located here, along with several other schools and parks. It is served by three railway stations, and is intended for development into an employment precinct according to Plan Melbourne.