If you compare the increase in value of investment property in West Albury, 2640 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 8.13%.
Over the longer term, West Albury has seen property prices show investors a 19.31% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in West Albury should be aiming for at least -5.95% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in West Albury the average time real estate has been on the market is 91.47 days.
A $295 per week rent on the median house gives suburb investors a gross yield of circa 4.43%, without taking into account capital value appreciation, which has been averaging out at 2.31%.
NSW has seen average median house prices change by 6.22% which means that West Albury, 2640 has done well for property investors by showing a capital gain of 16.38% over the last year
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.26% offered to property buyers. Sellers in West Albury itself are offering an average vendor discount of -4.83% to real estate investors.
Situated 286.61km from the CBD, West Albury is one of Albury localities in the postcode 2640.