Suburb Profile Report for West Albury NSW (2640)

West Albury House: Median price $341,000, Annual capital growth 2.90%, Number of sales 60, Weekly median advertised rent $295

West Albury Unit: Median price $242,000, Annual capital growth 4.60%, Number of sales 28, Weekly median advertised rent $233

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in West Albury, 2640 have given investors a capital gain of 6.56%. This compares badly with the 10.55% for NSW as a whole.

A 24.23% growth in median value for property investors in West Albury,2640 puts this suburb at number 1204th in terms of best performing suburbs in NSW

Vendor discounting in West Albury is giving property investors an average Vendor Discount of around -4.59%. This puts suburb at number 659th in NSW when ranking the most discounted suburbs.

Using the current median advertised rental of $295 and the average annual increase in value of a median property of 2.90%, investors should hope to achieve an overall return of 4.50%

Property investors who have had real estate in West Albury, 2640 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.19%

West Albury,2640 was ranked 552 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in West Albury, 2640. Typically our figures indicate that -4.30% is being offered, which puts this NSW suburb at 912th most discounted overall in Australia.

In the last year 28 properties changed hands in West Albury, which puts it as the 391th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $232.5 and the average annual increase in value of a median property of 4.60%, investors should hope to achieve an overall return of 5.00%

Metrics i HOUSE UNIT
$341,000 $242,000
-1.45% 2.43%
6.56% 17.19%
2.90% 4.60%
$295 $233
60 28
4.50% 5.00%
77.02 98.71

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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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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Recent sales & rentals