Suburb Profile Report for West Albury NSW (2640)

West Albury House: Median price $327,500, Annual capital growth 1.72%, Number of sales 58, Weekly median advertised rent $295

West Albury Unit: Median price $225,000, Annual capital growth 2.77%, Number of sales 33, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2554th in the list of Australian suburbs ordered by increase in median house value over the last year, West Albury, 2640 is in the BOTTOM 40% with a property value increase of 1.71% recorded in median house prices.

Over the longer term, West Albury has seen property prices show investors a 21.30% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -7.06% to buyers in West Albury at the moment, which is less than average for the rest of NSW.

On average over the past year, suburb has had 4.83 sales per month, which equates to 58 per year.

West Albury is an average performer in NSW when comparing median price capital growth over the last year. West Albury gave property investors a good capital gain figure when compared to the rest of the state, with 9.76%.

Taking the average capital gain, or increase in median house value, West Albury,2640 has racked up an average of 9.76% over the period. This ranks it number 1304th in the whole country for real estate investors looking at median house price increases.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in West Albury itself are offering an average vendor discount of -4.88% to real estate investors.

Often selling an investment property can take time, and in West Albury the average time real estate has been on the market is 91.5 days.

Renters in Suburb are facing rents around $2760 per annum or $230 every week.

HOUSE UNIT
$327,500 $225,000
2.34% 7.14%
1.71% 9.76%
1.72% 2.77%
$295 $230
58 33
4.68% 5.32%
106.62 91.5

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 3949
Median household income ($/weekly) 1001
Median age of persons 43
Median housing loan repayment ($/monthly) 1450
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 477 12.1
    25-34 years 399 10.1
    35-44 years 406 10.3
    45-54 years 559 14.2
    55-64 years 482 12.2
    Others 1626 41.2
    Age Group
    Census Count Percent(%)
    Registered Married 1317 48.8
    Not Married 1127 41.7
    Defacto Relationship 256 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3336 88.7
    Greece 35 0.9
    Papua New Guinea 46 1.2
    United Kingdom 133 3.5
    Other 69 1.8
    Others 141 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.5
    Christianity 2720 75.0
    Hinduism 18 0.5
    Other Religious Groups 35 1.0
    No Religion 814 22.5
    Others 20 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 116 8.6
    $400-$599 166 12.4
    $600-$799 157 11.7
    $800-$999 140 10.4
    $1,500-$1,999 162 12.1
    Others 601 44.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1278 41.7
    Employed, worked full-time 1037 33.8
    Employed, worked part-time 547 17.8
    Employed, away from work 109 3.6
    Unemployed, looking for work 94 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 222 13.1
    Professionals 404 23.9
    Technicians & trades workers 202 11.9
    Community & personal service workers 174 10.3
    Clerical & administrative workers 276 16.3
    Others 415 24.5
    Occupation
    Census Count Percent(%)
    Pre-school 66 7.4
    Infants/Primary 279 31.5
    Secondary 280 31.6
    Technical or Further Educational Institution 130 14.7
    University or other Tertiary Institutions 108 12.2
    Others 24 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3148 90.4
    Semi-detached, row or terrace house, townhouse 197 5.7
    Flat, unit or apartment 138 4.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 549 38.2
    Rented 444 30.9
    Being purchased 420 29.2
    Other tenure type 23 1.6
    Tenure Type
Census 2011, ABS
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