At number 2615th in the list of Australian suburbs ordered by increase in median house value over the last year, North Albury, 2640 is in the BOTTOM 40% with a property value increase of 3.48% recorded in median house prices.
North Albury,2640 was ranked 2930 in Australia by increase in median property value over the quarter.
The most recent median price for North Albury is $238000, with sellers offering an average of -6.39% off the asking price.
A $265 per week rent on the median house gives suburb investors a gross yield of circa 5.79%, without taking into account capital value appreciation, which has been averaging out at 1.68%.
With a capital gain of -7.36% for the last 12 months, North Albury, 2640 has performed for property investments than its average annual 11.43% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, North Albury,2640 has racked up an average of -7.36% over the period. This ranks it number 736th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in North Albury are currently offering property investors an average price cut of -7.46% below the asking price at the moment.
In the last year 18 properties changed hands in North Albury, which puts it as the 477th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $190 and the average annual increase in value of a median property of 11.43%, investors should hope to achieve an overall return of 5.49%