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A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 5.47% growth over a ten-year period. It ranks 1362nd on our list of suburbs that property investors should look into.
ALBERT PARK, 3206 has a capital gain of -5.03% for the past year, which is lower than average compared to its 12.97% growth within a five-year period.
With the median home price in ALBERT PARK sitting at $1,890,000, and the average rent at $742.5, property owners could potentially earn a 2.04% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in ALBERT PARK are low, as opposed to average gains per annum over the past five years.
ALBERT PARK, 3206 in VIC belongs to the local government area of Port Phillip (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-5.03%||-1.28%|
|Median 3 years||-9.03%||68.56%|
|Median 5 years||12.97%||11.11%|
|10 years average annual||5.47%||12.73%|
|Weekly media advert. rent||$742.5||$495|
|Time on Market||53.0 days||0.0 days|
|Gross Rental Yield Percent||2.04%||2.67%|