VIC/
Albanvale

Suburb Profile

Albanvale - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3021

house

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 9.85% growth over a ten-year period. It ranks 25th 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 22% for the past year, which is higher than average compared to its 70.4% growth within a five-year period.

With the median home price in ALBANVALE sitting at $528,250, and the average rent at $340, property owners could potentially earn a 3.35% 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 22% 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 97th.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $528,250 N/A
GROWTH REPORT
Median Quarterly 5.65% N/A
Median 12 month 22% N/A
Median 3 years 61.79% N/A
Median 5 years 70.4% N/A
10 years average annual 9.85% N/A
Weekly media advert. rent $340 N/A
Time on Market 42.3 days N/A
Gross Rental Yield Percent 3.35% N/A
demographics (median values)
Total Population
5577
Weekly Household Income
872.2
Household Size
3.10
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Albanvale, VIC
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