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1 MIN READDemand For Homes Stays High In 1 State While The Rest Fall Back
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Albion ParkAlbion Park - SUBURB PROFILE REPORT
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Property investors enjoyed capital gains of 21.77% over the last 12 months in ALBION PARK, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.24% growth over a ten-year period. It ranks 388th on our list of suburbs that property investors should look into.
ALBION PARK, 2527 has a capital gain of 21.77% for the past year, which is higher than average compared to its 37.77% growth within a five-year period.
With the median home price in ALBION PARK sitting at $755,000, and the average rent at $530, property owners could potentially earn a 3.65% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in ALBION PARK are low, as opposed to average gains per annum over the past five years.
ALBION PARK, 2527 in NSW belongs to the local government area of Shellharbour (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $755,000 | $595,500 |
| GROWTH REPORT | ||
| Median Quarterly | 4.86% | 5.31% |
| Median 12 month | 21.77% | 13.11% |
| Median 3 years | 20.03% | 18.04% |
| Median 5 years | 37.77% | 30.88% |
| 10 years average annual | 7.24% | 7.24% |
| Weekly media advert. rent | $530 | $500 |
| Time on Market | 25.7 days | 45.8 days |
| Gross Rental Yield Percent | 3.65% | 4.37% |
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