Suburb Profile Report for East Albury NSW (2640)

East Albury House: Median price $410,000, Annual capital growth 3.85%, Number of sales 118, Weekly median advertised rent $320

East Albury Unit: Median price $220,000, Annual capital growth 5.69%, Number of sales 30, Weekly median advertised rent $230

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in East Albury has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.95%

Comparing East Albury,2640 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.28% offered to property buyers. Sellers in East Albury itself are offering an average vendor discount of -4.24% to real estate investors.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.06%, without taking into account capital value appreciation, which has been averaging out at 3.85%.

Over the last year, property investments in East Albury, 2640 have given investors a capital gain of 35.80%. This compares very favourably with the 7.74% for NSW as a whole.

Across a shorter period, East Albury, 2640 has seen a median price increase of 1.85% over the last quarter.

Property buyers and investors in East Albury 2640 should be seeing an average reduction in asking price of around -5.19% . This means that East Albury is holding prices well when compared to other suburbs in NSW.

A $230 per week rent on the median house gives suburb investors a gross yield of circa 5.44%, without taking into account capital value appreciation, which has been averaging out at 5.69%.

Metrics i HOUSE UNIT
$410,000 $220,000
-0.61% 1.85%
12.95% 35.80%
3.85% 5.69%
$320 $230
118 30
4.06% 5.44%
81.33 95

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 6246
Median household income ($/weekly) 1141
Median age of persons 37
Median housing loan repayment ($/monthly) 1625
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 772 12.4
    25-34 years 885 14.2
    35-44 years 843 13.5
    45-54 years 812 13.0
    55-64 years 674 10.8
    Others 2261 36.2
    Age Group
    Census Count Percent(%)
    Registered Married 2163 47.5
    Not Married 1908 41.9
    Defacto Relationship 483 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5306 89.5
    Indonesia 78 1.3
    Papua New Guinea 59 1.0
    United Kingdom 167 2.8
    Other 114 1.9
    Others 203 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 68 1.2
    Christianity 4321 75.2
    Hinduism 50 0.9
    Islam 39 0.7
    No Religion 1230 21.4
    Others 37 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 251 10.9
    $600-$799 253 11.0
    $800-$999 222 9.6
    $1,000-$1,249 226 9.8
    $1,500-$1,999 270 11.7
    Others 1079 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1986 41.2
    Not in the labour force 1513 31.4
    Employed, worked part-time 965 20.0
    Employed, away from work 203 4.2
    Unemployed, looking for work 154 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 391 12.4
    Professionals 777 24.6
    Technicians & trades workers 467 14.8
    Community & personal service workers 331 10.5
    Clerical & administrative workers 438 13.9
    Others 749 23.8
    Occupation
    Census Count Percent(%)
    Pre-school 118 7.9
    Infants/Primary 473 31.7
    Secondary 383 25.7
    Technical or Further Educational Institution 203 13.6
    University or other Tertiary Institutions 269 18.0
    Others 45 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4903 84.2
    Flat, unit or apartment 771 13.2
    Semi-detached, row or terrace house, townhouse 146 2.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 870 35.5
    Rented 787 32.1
    Fully owned 743 30.4
    Other tenure type 48 2.0
    Tenure Type
Census 2011, ABS
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