The suburb’s capital gain of 23.35% for the past year is higher than average compared to its 60% growth within a five-year period.
Also in ST ALBANS, the median home price is sitting at $560,000, and the average rent at $330, this suggests property owners could potentially earn a 3.06% increase in gross rental yield.
Property investors have seen a 4.19% gain in ST ALBANS based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on ST ALBANS, 3021 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 23.35%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 10.24% growth over a ten-year period. It ranks 3388th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $560,000 | $335,500 |
| GROWTH REPORT | ||
| Median Quarterly | 4.19% | -1.32% |
| Median 12 month | 23.35% | 1.82% |
| Median 3 years | 53.85% | 15.69% |
| Median 5 years | 60% | 16.9% |
| 10 years average annual | 10.24% | 6.69% |
| Weekly media advert. rent | $330 | $310 |
| Time on Market | 62.9 days | 56.8 days |
| Gross Rental Yield Percent | 3.06% | 4.8% |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...