Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
A steady increase in median property prices over a five-year period in the suburb translates to a 44.78% capital gain.
It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $666,000
The augmented property values in the suburb are trailing behind the territorial average of 3.57% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $360.
Home owners selling their properties and realtors in ALBION usually have to wait an average of 53.2 days days before their assets are lifted off the market.
The VIC suburb ranks 456th on the list of best yielding suburbs for rental properties in VIC, posting a 2.81% return.
It also places places 614th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $666,000 | $301,000 |
| GROWTH REPORT | ||
| Median Quarterly | -7.82% | 2.03% |
| Median 12 month | -6.98% | 17.58% |
| Median 3 years | 44.78% | 41.98% |
| Median 5 years | 76.89% | 31.44% |
| 10 years average annual | 8.15% | 6.92% |
| Weekly media advert. rent | $360 | $280 |
| Time on Market | 53.2 days | 52.0 days |
| Gross Rental Yield Percent | 2.81% | 4.84% |
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
One of Australia's major banks is being sued for breaches of the law in relation to its loan referral program. ...
Yet another lender has reduced variable and fixed rates across its owner-occupied and investment home loan products. ...
One national network of tax advisers is warning that property investors have been caught out by random audits for avoidable mistakes in thei...
Key Westpac subsidiaries have dropped their fixed rates by up to 140 basis points. ...
The corporate regulator has banned a director from providing financial services or engaging in credit activities for eight years, after find...
Get notifications in real-time for staying up to date with content that matters to you.