If you compare the increase in value of investment property in East Albury, 2640 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 16.11%.
A 38.18% growth in median value for property investors in East Albury,2640 puts this suburb at number 87th in terms of best performing suburbs in NSW
Property buyers and investors in East Albury 2640 should be seeing an average reduction in asking price of around -4.24% . This means that East Albury is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 4.18%, investors should hope to achieve an overall return of 3.98%
Property value increases in East Albury have tracked higher than the NSW average of 6.07% over the last 12 months.
While East Albury,2640 ranked number 7th in NSW for increase in median house value (annualised) increase, it is ranked 410th over the last 5 years.
Property investors looking for a bargain in East Albury should be aiming for at least -5.09% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $235 mark per week – giving a return of 5.66% based on the median price in Suburb