Over the last year, property investments in Albury, 2640 have given investors a capital gain of 16.33%. This compares very favourably with the 8.26% for NSW as a whole.
A 36.84% growth in median value for property investors in Albury,2640 puts this suburb at number 115th in terms of best performing suburbs in NSW
Property buyers and investors in Albury 2640 should be seeing an average reduction in asking price of around -5.05% . This means that Albury is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Albury the average time real estate has been on the market is 91.34 days.
Over the last year, property investments in Albury, 2640 have given investors a capital gain of -4.77%. This compares very badly with the 6.07% for NSW as a whole.
Albury,2640 was ranked 1644 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Albury, 2640. Typically our figures indicate that -4.32% is being offered, which puts this NSW suburb at 989th most discounted overall in Australia.
On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.
Albury is 78th on a list of best yielding suburbs for rents in NSW with a 5.14% return
Riverland region service centre Albury (and its Victorian twin Wodonga) – located 588km from Sydney and 300km from Melbourne on the Hume Highway – made Your Investment Property's top 100 list in 2011 for a few reasons.Full summary
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Riverland region service centre Albury (and its Victorian twin Wodonga) – located 588km from Sydney and 300km from Melbourne on the Hume Highway – made Your Investment Property's top 100 list in 2011 for a few reasons.
First, it's affordable, with a median house price of less than $400,000 and a median unit price of less than $250,000. It's also home to some excellent rental yields.
Third, it's shown consistent population growth over recent years, increasing from 47,700 in 2005 to 50,500 in 2009, suggesting ongoing demand for property. When combined with Wodonga, the population of the urban area is over 90,000.
The combined urban area has significant amenities, with multiple Coles supermarkets, shopping centres, schools, cafes and restaurants, a campus of Charles Sturt University, cinemas and several public and private hospitals. The nearby Lake Hume offers opportunities for fishing and watersports – especially water skiing – and both NSW and Victorian ski resorts are within a few hours’ drive. There are also daily rail and air connections to Sydney and Melbourne.
The city's future potential is what warrants its place on the investor radar: as a service centre for the Riverland region, it's likely to be one of the areas that benefits from the breaking of the drought and recovery of agriculture in the region; on the flip side, should this not materialise, its diverse economy and growing education industry – as well as proximity to popular ski resorts – should protect investors from significant losses.