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 14.8% for the past year.
Investors saw the median home price rise to $380,000.
Profits due to an upward trend in home prices in the suburb averaged 4.76% per annum over a 3-year period.
ST ALBANS PARK now ranks at the 453rd 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 $345 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 43.0 days.
In 2016, 76 properties were sold in ST ALBANS PARK during the past year, making it the 79th most active market in VIC based on total real estate transactions.
ST ALBANS PARK ranks 37th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
ST ALBANS PARK, 3219 has a capital gain of 5.77% for the past year, which is higher than average compared to its 11% growth within a five-year period.
With the median home price in ST ALBANS PARK sitting at $275,000, and the average rent at $280, property owners could potentially earn a 5.29% increase in gross rental yield.
Property investors have seen a 2.8% gain in ST ALBANS PARK based on an increase 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 ST ALBANS PARK, 3219 obtained a 2.48% growth over a ten-year period. It ranks 1134th on our list of suburbs that property investors should look into.