St Albans has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 22.45% to date .
While St Albans,3021 ranked number 240th in VIC for increase in median house value (annualised) increase, it is ranked 107th over the last 5 years.
The most recent median price for St Albans is $600000, with sellers offering an average of -2.17% off the asking price.
Residents and property investors in St Albans have been waiting around 49.5 days to sell a property.
With the median price for a house in St Albans being $600000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 2.95%
St Albans is an average performer in VIC when comparing median price capital growth over the last year. St Albans gave property investors a average capital gain figure when compared to the rest of the state, with 4.55%.
St Albans,3021 has offered an average of 4.55% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in St Albans should be aiming for at least -4.84% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 6.22%, investors should hope to achieve an overall return of 4.82%