Suburb Profile Report for North Albury NSW (2640)

North Albury House: Median price $221,250, Annual capital growth 2.47%, Number of sales 126, Weekly median advertised rent $265

North Albury Unit: Median price $180,000, Annual capital growth 9.66%, Number of sales 27, Weekly median advertised rent $220

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

Giving property investors a a stable capital gain of 10.63% for the last year, North Albury, 2640 is the 1214th highest performer in Australia in this respect.

Over the longer term, North Albury has seen property prices show investors a 11.74% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that North Albury is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 406th in terms of most discounted suburbs in NSW

A $265 per week rent on the median house gives suburb investors a gross yield of circa 6.23%, without taking into account capital value appreciation, which has been averaging out at 2.47%.

When looking at the potential capital gains offered to property investors over the last 3 years, North Albury comes in at number 69th in NSW.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.99% offered to property buyers. Sellers in North Albury itself are offering an average vendor discount of -6.87% to real estate investors.

In the last year 27 properties changed hands in North Albury, which puts it as the 362th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $220 and the average annual increase in value of a median property of 9.66%, investors should hope to achieve an overall return of 6.36%

HOUSE UNIT
$221,250 $180,000
2.91% 5.88%
10.63% N/A
11.74% 32.35%
12.88% 34.33%
2.47% 9.66%
$265 $220
126 27
6.23% 6.36%
89.63 118.13
Source: RP Data
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Demographics
Total population 5976
Median household income ($/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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