If you compare the increase in value of investment property in Albury, 2640 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -5.91%.
When looking at the potential capital gains offered to property investors over the last 3 years, Albury comes in at number 417th in NSW.
Our latest figures would indicate that property sellers in Albury are currently offering property investors an average price cut of -3.69% below the asking price at the moment.
On average over the past year, suburb has had 7.25 sales per month, which equates to 87 per year.
If you compare the increase in value of investment property in Albury, 2640 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was -3.39%.
Comparing Albury,2640 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Albury2640 is located in NSW which offers an average discount of -6.75% to property investors. Albury itself is showing figures that indicate -5.86% is the average achievable by property buyers investing in the suburb.
Albury, 2640’s gross rental yield is 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.