If you compare the increase in value of investment property in St Albans Park, 3219 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 2.38%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in St Albans Park has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in St Albans Park are currently offering property investors an average price cut of -4.94% below the asking price at the moment.
On average over the past year, suburb has had 5.75 sales per month, which equates to 69 per year.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 4.47%, without taking into account capital value appreciation, which has been averaging out at 5.44%.