‘Nearology’ Factor Pushing Double-digit Growth In These WA Suburbs
Robust activity in Western Australia’s popular suburbs has caused property prices to skyrocket, yet buyers are still w...
Property investors enjoyed capital gains of 20.21% over the last 12 months in ALBANY, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in ALBANY are low, as opposed to average gains per annum over the past five years.
The suburb posted a 6.6% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
On average, rents on listings have reached the $360 mark, reflecting a 3.31% increase in returns based on the current median price in ALBANY.
ALBANY, 6330 ranks 110th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 347th on the list of best yielding suburbs for rental properties in WA, posting a 3.31% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||20.21%||N/A|
|Median 3 years||6.6%||N/A|
|Median 5 years||9.71%||N/A|
|10 years average annual||1.54%||N/A|
|Weekly media advert. rent||$360||N/A|
|Time on Market||86.8 days||N/A|
|Gross Rental Yield Percent||3.31%||N/A|