Suburb Profile Report for West Albury NSW (2640)

West Albury House: Median price $345,500, Annual capital growth 2.31%, Number of sales 60, Weekly median advertised rent $295

West Albury Unit: Median price $240,000, Annual capital growth 3.89%, Number of sales 36, Weekly median advertised rent $233

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$345,500 $240,000
5.50% 6.67%
7.97% 17.07%
2.31% 3.89%
$295 $233
60 36
4.44% 5.04%
90.27 84.43

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (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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