Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Property investors enjoyed capital gains of 22.43% over the last 12 months in ALBERT PARK, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 5.74% growth over a ten-year period. It ranks 2055th on our list of suburbs that property investors should look into.
ALBERT PARK, 3206 has a capital gain of 22.43% for the past year, which is higher than average compared to its 32.57% growth within a five-year period.
With the median home price in ALBERT PARK sitting at $2,320,000, and the average rent at $800, property owners could potentially earn a 1.79% 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||22.43%||16.29%|
|Median 3 years||14.29%||-13.95%|
|Median 5 years||32.57%||19.71%|
|10 years average annual||5.74%||12.67%|
|Weekly media advert. rent||$800||$400|
|Time on Market||60.3 days||0.0 days|
|Gross Rental Yield Percent||1.79%||2.04%|