East Albury is in the bottom 30% in NSW when comparing median price capital growth over the last year. East Albury gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.89%.
While East Albury,2640 ranked number 364th in NSW for increase in median house value (annualised) increase, it is ranked 1018th over the last 5 years.
Property investors looking for a bargain in East Albury should be aiming for at least -4.36% off the asking price, which is the average vendor discount being achieved at the moment.
At number 811th in the list of Australian suburbs ordered by increase in median house value over the last year, East Albury, 2640 is in the top half with a property value increase of 4.01% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in East Albury has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in East Albury are currently offering property investors an average price cut of -4.35% below the asking price at the moment.
In the last year 24 properties changed hands in East Albury, which puts it as the 395th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in East Albury being $168500 and the advertised rent reaching $220 the gross rental yield for property investors calculates out to be 6.79%