Suburb Profile Report for North Albury NSW (2640)

North Albury House: Median price $220,000, Annual capital growth 1.90%, Number of sales 139, Weekly median advertised rent $265

North Albury Unit: Median price $196,000, Annual capital growth 5.93%, Number of sales 20, Weekly median advertised rent $205

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

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  • House Report
  • Unit Report

Property value increases in North Albury have tracked lower than the NSW average of 12.29% over the last 12 months.

Over the longer term, North Albury has seen property prices show investors a 12.82% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for North Albury is $220000, with sellers offering an average of -6.09% off the asking price.

Often selling an investment property can take time, and in North Albury the average time real estate has been on the market is 94.2 days.

Using the current median advertised rental of $265 and the average annual increase in value of a median property of 1.90%, investors should hope to achieve an overall return of 6.26%

Property value increases in North Albury have tracked higher than the NSW average of 11.57% over the last 12 months.

Taking the average capital gain, or increase in median house value, North Albury,2640 has racked up an average of 37.54% over the period. This ranks it number 4th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in North Albury 2640 should be seeing an average reduction in asking price of around -9.64% . This means that North Albury is holding prices well when compared to other suburbs in NSW.

Using the current median advertised rental of $205 and the average annual increase in value of a median property of 5.93%, investors should hope to achieve an overall return of 5.44%

HOUSE UNIT
$220,000 $196,000
0.00% N/A
0.00% 37.54%
1.90% 5.93%
$265 $205
139 20
6.26% 5.44%
94.2 109.57

Source: Property Value by CoreLogic. Click here to get a list of the top suburbs for capital growth potential. Enter code YIP10 at checkout for 10% off premium subscription.

DSR Score for property investment : Above average (U), Above average (H)
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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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Recent sales & rentals