AREA REPORTS

St Albans Park

Suburb Profile

St Albans Park - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3219

house
unit

ST ALBANS PARK, 3219 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling ST ALBANS PARK, 3219 values up and netting property investors a capital gain of 17.03% for the past year.

Investors saw the median home price rise to $409,000.

Profits due to an upward trend in home prices in the suburb averaged 7.98% per annum over a 3-year period.

ST ALBANS PARK now ranks at the 116th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in ST ALBANS PARK are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $360 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ST ALBANS PARK, homes and units usually stay on listing for an average of 32.0 days.

In 2016, 80 properties were sold in ST ALBANS PARK during the past year, making it the 71st most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $409,000 $320,000
GROWTH REPORT
Median Quarterly 4.34% 4.23%
Median 12 month 17.03% 24.03%
Median 3 years 23.94% 33.33%
Median 5 years 31.94% 36.17%
10 years average annual 5.4% 4.35%
Weekly media advert. rent $360 $280
Time on Market 32.0 days 0.0 days
Gross Rental Yield Percent 4.58% 4.55%
demographics (median values)
Total Population
4695
Weekly Household Income
991.3
Household Size
2.60
demographics
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