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 7.97%.
Across a shorter period, West Albury, 2640 has seen a median price increase of 5.50% over the last 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 -6.14% is being offered, which puts this NSW suburb at 1745th most discounted overall in Australia.
A $295 per week rent on the median house gives suburb investors a gross yield of circa 4.44%, without taking into account capital value appreciation, which has been averaging out at 2.31%.
Investment property in West Albury has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.07%
Taking the average capital gain, or increase in median house value, West Albury,2640 has racked up an average of 17.07% over the period. This ranks it number 756th in the whole country for real estate investors looking at median house price increases.
The most recent median price for West Albury is $240000, with sellers offering an average of -4.64% off the asking price.
With the median price for a house in West Albury being $240000 and the advertised rent reaching $232.5 the gross rental yield for property investors calculates out to be 5.04%