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%.