House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
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.
| 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% |
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
Following the NSW Premier’s plans to continue to address population growth, a property expert has stressed the importance for any proposal...
A new ranking has placed Sydney in sixth place for the highest number of property sales worth more than US$25 million. ...
Selling your own home is about confidence. Here’s how to do it without a real estate agent to hold your hand. ...
Experts and seasoned investors have always highlighted the importance of research before diving into the property game, but what factors are...
A report by the ACCC has found that the pricing of residential mortgages by the major banks is too opaque, making it too time consuming for ...