Suburb Profile Report for North Albury NSW (2640)

North Albury House: Median price $220,000, Annual capital growth 2.18%, Number of sales 124, Weekly median advertised rent $270

North Albury Unit: Median price $160,000, Annual capital growth 2.93%, Number of sales 23, Weekly median advertised rent $223

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

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North Albury, 2640 ranked 716th in NSW when comparing growth in median property values or capital gain over the last 12 months. North Albury is one of 3161 in our list for NSW

The five-year average increase in median property values for North Albury,2640 has given property investors a potential capital gain of 8.91% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that North Albury is offering property investors an average of -5.54. This rate of discount on properties puts Suburb at number 403th in terms of most discounted suburbs in NSW

Residents and property investors in North Albury have been waiting around 94.49 days to sell a property.

Using the current median advertised rental of $270 and the average annual increase in value of a median property of 2.18%, investors should hope to achieve an overall return of 6.38%

North Albury is in the bottom 30% in NSW when comparing median price capital growth over the last year. North Albury gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.91%.

Taking the average capital gain, or increase in median house value, North Albury,2640 has racked up an average of 1.91% over the period. This ranks it number 504th in the whole country for real estate investors looking at median house price increases.

North Albury2640 is located in NSW which offers an average discount of -4.01% to property investors. North Albury itself is showing figures that indicate -6.99% is the average achievable by property buyers investing in the suburb.

North Albury, 2640’s gross rental yield is 7.23%

HOUSE UNIT
$220,000 $160,000
0.69% 2.56%
10.00% 1.91%
17.65% 17.65%
8.91% -3.03%
2.18% 2.93%
$270 $223
124 23
6.38% 7.23%
94.49 120.25
Source: RP Data
DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 5976
Median household income ($/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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Recent sales & rentals