Suburb Profile Report for East Albury NSW (2640)

East Albury House: Median price $374,000, Annual capital growth 3.07%, Number of sales 102, Weekly median advertised rent $320

East Albury Unit: Median price $168,500, Annual capital growth 1.12%, Number of sales 24, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$374,000 $168,500
3.03% 4.01%
2.89% 4.01%
3.07% 1.12%
$320 $220
102 24
4.45% 6.79%
76.04 66.63

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (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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