At number 2843th in the list of Australian suburbs ordered by increase in median house value over the last year, East Albury, 2640 is in the BOTTOM 40% with a property value increase of 0.41% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, East Albury comes in at number 1156th in NSW.
LACK OF BUYER INTEREST may well be the reason that East Albury is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 998th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 8.42 sales per month, which equates to 101 per year.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 2.97%, investors should hope to achieve an overall return of 4.53%
Property value increases in East Albury have tracked lower than the NSW average of 8.14% over the last 12 months.
Over the longer term, East Albury has seen property prices show investors a -7.65% return over the last 3 years. This is an improvement over the last 12 months
Our latest figures would indicate that property sellers in East Albury are currently offering property investors an average price cut of -4.21% below the asking price at the moment.
A $220 per week rent on the median house gives suburb investors a gross yield of circa 6.77%, without taking into account capital value appreciation, which has been averaging out at 0.69%.