Based on its average 5-year and quarterly capital gains ALBANVALE, 3021 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that ALBANVALE, 3021 obtained a 8.76% growth over a ten-year period. It ranks 316th on our list of suburbs that property investors should look into.
ALBANVALE, 3021 in VIC belongs to the local government area of Brimbank.
ALBANVALE, 3021 has a capital gain of 24.27% for the past year, which is higher than average compared to its 47% growth within a five-year period.
With the median home price in ALBANVALE sitting at $466,000, and the average rent at $330, property owners could potentially earn a 3.68% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in ALBANVALE are low, as opposed to average gains per annum over the past five years.
A 24.27% increase in median property prices in ALBANVALE, 3021 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 48th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $466,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.72% | N/A |
| Median 12 month | 24.27% | N/A |
| Median 3 years | 45.63% | N/A |
| Median 5 years | 47% | N/A |
| 10 years average annual | 8.76% | N/A |
| Weekly media advert. rent | $330 | N/A |
| Time on Market | 62.1 days | N/A |
| Gross Rental Yield Percent | 3.68% | N/A |
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