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%