Suburb Profile Report for North Albury NSW (2640)

North Albury House: Median price $220,000, Annual capital growth 2.52%, Number of sales 124, Weekly median advertised rent $265

North Albury Unit: Median price $156,000, Annual capital growth 7.06%, Number of sales 24, Weekly median advertised rent $205

  • House
  • Unit
Source: RP Data
  • Median price
  • Number of sales
DSR Score for property investment : BELOW AVERAGE (H), ABOVE AVERAGE (U)
  • House Report
  • Unit Report

North Albury, 2640 ranked 707th in NSW when comparing growth in median property values or capital gain over the last 12 months. North Albury is one of 3161 in our list for NSW

The five-year average increase in median property values for North Albury,2640 has given property investors a potential capital gain of 12.82% across each of those five years.

Our latest figures would indicate that property sellers in North Albury are currently offering property investors an average price cut of -5.81% below the asking price at the moment.

At number 2281 in a list of fastest selling suburbs, North Albury is in the bottom 40% of suburbs in Australia with an average of days on market 90.68 for properties listed there.

A $265 per week rent on the median house gives suburb investors a gross yield of circa 6.26%, without taking into account capital value appreciation, which has been averaging out at 2.52%.

Property investors who have had real estate in North Albury, 2640 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 44.44%

Across a shorter period, North Albury, 2640 has seen a median price increase of -8.24% over the last quarter.

Sellers are offering property buyers an average discount of -6.44% to buyers in North Albury at the moment, which is less than average for the rest of NSW.

Residents and property investors in North Albury have been waiting around 109.76 days to sell a property.

North Albury, 2640’s gross rental yield is 6.83%

HOUSE UNIT
$220,000 $156,000
2.33% -8.24%
9.45% 44.44%
10.00% 14.71%
12.82% -10.86%
2.52% 7.06%
$265 $205
124 24
6.26% 6.83%
90.68 109.76
Source: RP Data
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Demographics
Total population 5976
Median household income ($/weekly) 802
Median age of persons 37
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 797 13.3
    25-34 years 743 12.4
    35-44 years 797 13.3
    45-54 years 764 12.8
    55-64 years 616 10.3
    Others 2259 37.8
    Age Group
    Census Count Percent(%)
    Not Married 2132 50.5
    Registered Married 1656 39.3
    Defacto Relationship 431 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4936 89.7
    Greece 43 0.8
    Papua New Guinea 65 1.2
    United Kingdom 137 2.5
    Other 149 2.7
    Others 175 3.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 73 1.4
    Christianity 3878 72.8
    Hinduism 86 1.6
    Other Religious Groups 29 0.5
    No Religion 1238 23.2
    Others 25 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 273 12.8
    $400-$599 351 16.5
    $600-$799 259 12.2
    $800-$999 216 10.2
    $1,500-$1,999 219 10.3
    Others 809 38.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1834 41.5
    Employed, worked full-time 1437 32.5
    Employed, worked part-time 766 17.3
    Unemployed, looking for work 223 5.0
    Employed, away from work 157 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 346 14.6
    Technicians & trades workers 386 16.3
    Community & personal service workers 287 12.2
    Clerical & administrative workers 319 13.5
    Labourers 353 14.9
    Others 671 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 95 7.0
    Infants/Primary 469 34.4
    Secondary 392 28.8
    Technical or Further Educational Institution 237 17.4
    University or other Tertiary Institutions 150 11.0
    Others 20 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4851 89.1
    Flat, unit or apartment 429 7.9
    Semi-detached, row or terrace house, townhouse 142 2.6
    Caravan, cabin, houseboat 23 0.4
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 867 37.9
    Being purchased 761 33.3
    Fully owned 652 28.5
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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