Suburb Profile Report for Albury NSW (2640)

Albury House: Median price $550,000, Annual capital growth 5.37%, Number of sales 93, Weekly median advertised rent $360

Albury Unit: Median price $308,000, Annual capital growth 4.88%, Number of sales 30, Weekly median advertised rent $270

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

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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:




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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.

Metrics i HOUSE UNIT
$550,000 $308,000
0.46% 3.53%
4.76% 11.59%
5.37% 4.88%
$360 $270
93 30
3.40% 4.56%
100.407407407407 68.8571428571429

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4933
Median household income ($/weekly) 1120
Median age of persons 41
Median housing loan repayment ($/monthly) 1733
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 491 10.0
    25-34 years 586 11.9
    35-44 years 588 11.9
    45-54 years 642 13.0
    55-64 years 744 15.1
    Others 1882 38.2
    Age Group
    Census Count Percent(%)
    Not Married 1642 46.5
    Registered Married 1540 43.6
    Defacto Relationship 349 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3979 86.1
    Indonesia 63 1.4
    Papua New Guinea 56 1.2
    United Kingdom 176 3.8
    Other 137 3.0
    Others 212 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 49 1.1
    Christianity 3191 71.7
    Hinduism 84 1.9
    Islam 26 0.6
    No Religion 1064 23.9
    Others 34 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 167 9.2
    $400-$599 164 9.0
    $600-$799 211 11.6
    $800-$999 172 9.5
    $1,500-$1,999 214 11.8
    Others 888 48.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1510 38.0
    Not in the labour force 1385 34.8
    Employed, worked part-time 827 20.8
    Employed, away from work 133 3.3
    Unemployed, looking for work 123 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 334 13.5
    Professionals 740 30.0
    Technicians & trades workers 284 11.5
    Community & personal service workers 257 10.4
    Clerical & administrative workers 349 14.1
    Others 504 20.4
    Occupation
    Census Count Percent(%)
    Pre-school 73 6.1
    Infants/Primary 285 23.7
    Secondary 335 27.8
    Technical or Further Educational Institution 192 15.9
    University or other Tertiary Institutions 288 23.9
    Others 32 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3210 75.6
    Flat, unit or apartment 684 16.1
    Semi-detached, row or terrace house, townhouse 334 7.9
    House or flat attached to a shop, office 16 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 798 40.4
    Fully owned 655 33.2
    Being purchased 504 25.5
    Other tenure type 18 0.9
    Tenure Type
Census 2011, ABS
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