Albury has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.76% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Albury comes in at number 689th in NSW.
Property investors looking for a bargain in Albury should be aiming for at least -4.22% off the asking price, which is the average vendor discount being achieved at the moment.
The NSW suburb of Albury, 2640 is in the Albury (C) local government area.
NSW has seen average median house prices change by 0.87% which means that Albury, 2640 has done well for property investors by showing a capital gain of 11.59% over the last year
Albury,2640 has offered an average of 11.59% return per annum in house price rises to property investors over the last three years.
In the last year 30 properties changed hands in Albury, which puts it as the 322th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Albury being $308000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 4.56%
Information supplied by:
Median House Price: $520,000
Current Yield (houses): 3.4%
Average annual growth (houses): 4.2%
Median Unit Price: $280,000
Current Yield (units): 4.6%
Average annual growth (units): 3.9%
Situated within a major regional centre close to Murray River, the suburb of Albury packs many amenities. Its proximity to the Victorian border means it is often linked to sister suburb Wodonga.
The city square is a hotbed of culture, being home to the Albury Library Museum, the Murray Art Museum Albury, the Albury Entertainment Centre and Convention Centre and the Murray Conservatorium. At Dean Street, offices meet shopping hubs – the perfect place for professionals to unwind after a long day on the job.