Albury, 2640 ranked 654th in NSW when comparing growth in median property values or capital gain over the last 12 months. Albury is one of 3163 in our list for NSW
Over the longer term, Albury has seen property prices show investors a 32.77% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Albury 2640 should be seeing an average reduction in asking price of around -5.92% . This means that Albury is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 3.24%, investors should hope to achieve an overall return of 3.60%
Property investors who have had real estate in Albury, 2640 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.92%
Over the longer term, Albury has seen property prices show investors a 21.11% return over the last 3 years. This is worse than over the last 12 months
Albury2640 is located in NSW which offers an average discount of -4.41% to property investors. Albury itself is showing figures that indicate -4.22% is the average achievable by property buyers investing in the suburb.
Albury, 2640’s gross rental yield is 4.58%
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
Information supplied by:
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.