Suburb Profile Report for North Albury NSW (2640)

North Albury House: Median price $220,000, Annual capital growth 1.89%, Number of sales 120, Weekly median advertised rent $270

North Albury Unit: Median price $133,500, Annual capital growth 2.86%, Number of sales 26, Weekly median advertised rent $220

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

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North Albury, 2640 ranked 1015th in NSW when comparing growth in median property values or capital gain over the last 12 months. North Albury is one of 3162 in our list for NSW

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in North Albury has increased when compared to the 5 year average annual rate.

At number 269th of NSW’s most discounted properties, North Albury is in the bottom 30% of the state/territory when listing in order of most discounted to least.

In the last year 120 properties changed hands in North Albury, which puts it as the 222th most active market in NSW when comparing the number of sales per suburb.

If you compare the increase in value of investment property in North Albury, 2640 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -14.97%.

Across a shorter period, North Albury, 2640 has seen a median price increase of -11.88% over the last quarter.

Property investors looking for a bargain in North Albury should be aiming for at least -9.32% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 26 properties changed hands in North Albury, which puts it as the 354th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in North Albury being $133500 and the advertised rent reaching $220 the gross rental yield for property investors calculates out to be 8.57%

HOUSE UNIT
$220,000 $133,500
0.00% -11.88%
4.02% -14.97%
15.79% -23.28%
7.32% -16.04%
1.89% 2.86%
$270 $220
120 26
6.38% 8.57%
100.07 118.58
Source: CoreLogic RP Data
DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 5976
Median household income ($/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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