St Albans, 3021 ranked 346th in VIC when comparing growth in median property values or capital gain over the last 12 months. St Albans is one of 2098 in our list for VIC
St Albans,3021 has offered an average of 8.62% return per annum in house price rises to property investors over the last three years.
Vendor discounting in St Albans is giving property investors an average Vendor Discount of around -5.50%. This puts suburb at number 224th in VIC when ranking the most discounted suburbs.
St Albans is 356th on a list of best yielding suburbs for rents in VIC with a 2.89% return
Giving property investors a a solid capital gain of 24.71% for the last year, St Albans, 3021 is the 83th highest performer in Australia in this respect.
While St Albans,3021 ranked number 125th in VIC for increase in median house value (annualised) increase, it is ranked 62th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in St Albans, 3021. Typically our figures indicate that -4.76% is being offered, which puts this VIC suburb at 850th most discounted overall in Australia.
St Albans is 156th on a list of best yielding suburbs for rents in VIC with a 4.05% return
A significant performer in the Melbourne housing market, St Albans is a suburb with great potentialFull summary
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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.Close