St Albans a hidden gem for home buyers

March 2018

St Albans in Melbourne’s north west is one of the city’s best kept secrets. Offering steady house price growth, ample amenity and infrastructure improvements, it’s no surprise this up-and-coming suburb is attracting owner-occupiers and investors alike.

According to CoreLogic, the median house price in St Albans has increased substantially, by 22.8 per cent over the past 12 months, with the median price currently sitting at $620,250.

Additionally, in Cedar Woods’ master planned community St.A alone, the average price growth has increased by 24.2 per cent since the first release of townhomes in October 2015, over 30 months ago.

Cedar Woods Chief Operating Officer Patrick Archer says it is not surprising
St Albans is experiencing such positive price growth, given the significant upgrades and improvements in the area.

“St Albans has flown under the radar for a long time, and it is only now being noticed as one of Melbourne’s up and coming suburbs,” says Mr. Archer.

“We have experienced continuous strong demand in St.A, with three consecutive releases selling out within days of launching. Our St.A project offers exceptional value compared to the rapidly growing median house price for the suburb.”

“The extensive amenities that surrounds the suburb makes it the perfect place for homebuyers to invest or live. Our St.A development has sold to a mix of owner-occupiers and investors.”

Major features of the area include Victoria University, Sunshine Hospital, a number of parks and reserves, three railway stations and numerous schools.

The suburb and its surrounds also makes up part of the Sunshine National Employment Cluster, which is home to over 14,000 jobs. Plan Melbourne has earmarked the cluster to become one of three emerging employment precincts across Melbourne.

Well connected, St Albans is just 16 kilometres from Melbourne’s CBD, is close to the Calder Freeway and the Western Ring Road as well as numerous public transport options including trains and buses.