Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
The suburb’s capital gain of 6.99% for the past year is lower than average compared to its 77.91% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in ST ALBANS, the median home price is sitting at $620,000, and the average rent at $350, this suggests property owners could potentially earn a 2.94% increase in gross rental yield.
Property investors have seen a -0.96% drop in ST ALBANS based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.53% growth over a ten-year period. It ranks 62nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $620,000 | $425,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.96% | 1.67% |
| Median 12 month | 6.99% | 23.19% |
| Median 3 years | 55% | 41.67% |
| Median 5 years | 77.91% | 51.79% |
| 10 years average annual | 9.53% | 7.38% |
| Weekly media advert. rent | $350 | $330 |
| Time on Market | 76.5 days | 48.4 days |
| Gross Rental Yield Percent | 2.94% | 4.04% |
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