Over the last year, property investments in North Albury, 2640 have given investors a capital gain of 2.33%. This compares badly with the 12.40% for NSW as a whole.
Comparing North Albury,2640 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in North Albury should be aiming for at least -7.08% off the asking price, which is the average vendor discount being achieved at the moment.
A $275 per week rent on the median house gives suburb investors a gross yield of circa 6.50%, without taking into account capital value appreciation, which has been averaging out at 2.02%.
North Albury has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -25.29% to date .
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.
The most recent median price for North Albury is $127000, with sellers offering an average of -8.45% off the asking price.
With the median price for a house in North Albury being $127000 and the advertised rent reaching $215 the gross rental yield for property investors calculates out to be 8.80%