North Albury has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.05% to date .
If we look at median property appreciation over just the last three months, North Albury has given property investors a paper return of -1.23%. This puts Suburb as 1048 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in North Albury is giving property investors an average Vendor Discount of around -7.14%. This puts suburb at number 277th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in North Albury the average time real estate has been on the market is 99.39 days.
Renters in Suburb are facing rents around $3060 per annum or $255 every week.
North Albury is in the bottom 10% in NSW when comparing median price capital growth over the last year. North Albury gave property investors a dismal capital gain figure when compared to the rest of the state, with -45.43%.
A 3.14% growth in median value for property investors in North Albury,2640 puts this suburb at number 513th in terms of best performing suburbs in NSW
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.55% offered to property buyers. Sellers in North Albury itself are offering an average vendor discount of -8.71% to real estate investors.
In the last year 18 properties changed hands in North Albury, which puts it as the 439th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $180 and the average annual increase in value of a median property of 10.37%, investors should hope to achieve an overall return of 8.14%