Over the last year, property investments in North Albury, 2640 have given investors a capital gain of 8.11%. This compares favourably with the 3.75% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, North Albury comes in at number 870th in NSW.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.45% offered to property buyers. Sellers in North Albury itself are offering an average vendor discount of -9.05% to real estate investors.
At number 2526 in a list of fastest selling suburbs, North Albury is in the bottom 30% of suburbs in Australia with an average of days on market 114 for properties listed there.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 6.76%, without taking into account capital value appreciation, which has been averaging out at 4.16%.
Across a shorter period, North Albury, 2640 has seen a median price increase of -22.18% over the last quarter.
A $180 per week rent on the median house gives suburb investors a gross yield of circa 9.36%, without taking into account capital value appreciation, which has been averaging out at 4.21%.