If you compare the increase in value of investment property in St Albans, 3021 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.36%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in St Albans has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in St Albans itself are offering an average vendor discount of -8.24% to real estate investors.
On average over the past year, suburb has had 28.92 sales per month, which equates to 347 per year.
St Albans, 3021 ranked 22th in VIC when comparing growth in median property values or capital gain over the last 12 months. St Albans is one of 2099 in our list for VIC
Comparing St Albans,3021 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in St Albans 3021 should be seeing an average reduction in asking price of around -7.09% . This means that St Albans is holding prices well when compared to other suburbs in VIC.
St Albans, 3021’s gross rental yield is 4.11%
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