Property value increases in St Albans have tracked just higher than the VIC average of 11.11% over the last 12 months.
The five-year average increase in median property values for St Albans,3021 has given property investors a potential capital gain of 80.27% across each of those five years.
Property buyers and investors in St Albans 3021 should be seeing an average reduction in asking price of around -5.09% . This means that St Albans is holding prices well when compared to other suburbs in VIC.
In the last year 400 properties changed hands in St Albans, which puts it as the 25th most active market in VIC when comparing the number of sales per suburb.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 2.91%, without taking into account capital value appreciation, which has been averaging out at 10.03%.
Investment property in St Albans has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.41%
When looking at the potential capital gains offered to property investors over the last 3 years, St Albans comes in at number 51th in VIC.
Vendor discounting in St Albans is giving property investors an average Vendor Discount of around -4.63%. This puts suburb at number 141th in VIC when ranking the most discounted suburbs.
At number 204 in a list of fastest selling suburbs, St Albans is in the TOP 20% of suburbs in Australia with an average of days on market 43.68 for properties listed there.