Investment property in St Albans has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.66%
The five-year average increase in median property values for St Albans,3021 has given property investors a potential capital gain of 55.99% across each of those five 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 -10.13% is being offered, which puts this VIC suburb at 255th most discounted overall in Australia.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 7.46%, investors should hope to achieve an overall return of 3.27%
Investment property in St Albans has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.11%
While St Albans,3021 ranked number 153th in VIC for increase in median house value (annualised) increase, it is ranked 24th over the last 5 years.
St Albans3021 is located in VIC which offers an average discount of -6.31% to property investors. St Albans itself is showing figures that indicate -7.94% is the average achievable by property buyers investing in the suburb.
The VIC suburb of St Albans, 3021 is in the Brimbank (C) local government area.
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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.