Suburb Profile Report for Albany WA (6330)

Albany House: Median price $515,000, Annual capital growth 2.51%, Number of sales 23, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Albany, 6330 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -18.90%.

Over the longer term, Albany has seen property prices show investors a -9.49% return over the last 3 years. This is worse than over the last 12 months

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Albany itself are offering an average vendor discount of -12.58% to real estate investors.

With the median price for a house in Albany being $515000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.84%

HOUSE UNIT
$515,000 N/A
0.00% N/A
-18.90% N/A
2.51% N/A
$380 N/A
23 N/A
3.84% N/A
191.86 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 1463
Median household income ($/weekly) 1062
Median age of persons 47
Median housing loan repayment ($/monthly) 1450
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 130 8.9
    25-34 years 135 9.2
    35-44 years 190 13.0
    45-54 years 242 16.5
    55-64 years 284 19.4
    Others 482 32.9
    Age Group
    Census Count Percent(%)
    Registered Married 482 45.3
    Not Married 459 43.1
    Defacto Relationship 123 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1030 74.7
    Papua New Guinea 25 1.8
    Philippines 22 1.6
    United Kingdom 183 13.3
    Other 35 2.5
    Others 84 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 1.5
    Christianity 751 57.8
    Hinduism 8 0.6
    Other Religious Groups 7 0.5
    No Religion 509 39.2
    Others 4 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 61 11.2
    $600-$799 63 11.5
    $800-$999 54 9.9
    $1,000-$1,249 51 9.3
    $1,500-$1,999 67 12.2
    Others 251 45.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 437 36.4
    Not in the labour force 367 30.6
    Employed, worked part-time 280 23.3
    Employed, away from work 71 5.9
    Unemployed, looking for work 46 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 125 15.9
    Professionals 210 26.8
    Technicians & trades workers 103 13.1
    Community & personal service workers 78 9.9
    Clerical & administrative workers 98 12.5
    Others 170 21.7
    Occupation
    Census Count Percent(%)
    Pre-school 22 8.4
    Infants/Primary 93 35.4
    Secondary 56 21.3
    Technical or Further Educational Institution 62 23.6
    University or other Tertiary Institutions 27 10.3
    Others 3 1.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1075 84.8
    Semi-detached, row or terrace house, townhouse 110 8.7
    Flat, unit or apartment 76 6.0
    Caravan, cabin, houseboat 3 0.2
    House or flat attached to a shop, office 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 227 38.5
    Rented 219 37.1
    Being purchased 138 23.4
    Other tenure type 6 1.0
    Tenure Type
Census 2011, ABS
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