Suburb Profile Report for Albury NSW (2640)

Albury House: Median price $517,500, Annual capital growth 4.43%, Number of sales 87, Weekly median advertised rent $348

Albury Unit: Median price $285,000, Annual capital growth 3.77%, Number of sales 31, Weekly median advertised rent $250

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

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:




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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
$517,500 $285,000
-2.82% 1.79%
-5.91% -3.39%
4.43% 3.77%
$348 $250
87 31
3.49% 4.56%
73.9 107.875

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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