Suburb Profile Report for North Albury NSW (2640)

North Albury House: Median price $238,000, Annual capital growth 1.68%, Number of sales 145, Weekly median advertised rent $265

North Albury Unit: Median price $180,000, Annual capital growth 11.43%, Number of sales 18, Weekly median advertised rent $190

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$238,000 $180,000
-0.42% N/A
3.48% -7.36%
1.68% 11.43%
$265 $190
145 18
5.79% 5.49%
94.49 82.1

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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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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