Suburb Profile Report for Albion Park Rail NSW (2527)

Albion Park Rail House: Median price $546,000, Annual capital growth 6.78%, Number of sales 81, Weekly median advertised rent $440

Albion Park Rail Unit: Median price $450,000, Annual capital growth 7.92%, Number of sales 25, Weekly median advertised rent $400

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

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

  • Expert Report
  • House Report
  • Unit Report

Property value increases in Albion Park Rail have tracked close to the NSW average of -4.21% over the last 12 months.

Taking the average capital gain, or increase in median house value, Albion Park Rail,2527 has racked up an average of -5.94% over the period. This ranks it number 1220th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Albion Park Rail is offering property investors an average of -7.38. This rate of discount on properties puts Suburb at number 248th in terms of most discounted suburbs in NSW

In the last year 81 properties changed hands in Albion Park Rail, which puts it as the 274th most active market in NSW when comparing the number of sales per suburb.

Property investors should expect to get $440 weekly from the median priced house in this suburb.

Investment property in Albion Park Rail has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.74%

While Albion Park Rail,2527 ranked number 476th in NSW for increase in median house value (annualised) increase, it is ranked 28th over the last 5 years.

Our latest figures would indicate that property sellers in Albion Park Rail are currently offering property investors an average price cut of -5.56% below the asking price at the moment.

At number 622 in a list of fastest selling suburbs, Albion Park Rail is just in the top half of suburbs in Australia with an average of days on market 78.2273 for properties listed there.

Renters in Suburb are facing rents around $20800 per annum or $400 every week.

YIP MAG Information supplied by:

YIP MAG
July 2016

M
O

W
E
Around a 20-minute drive south of Wollongong, the unit market in Albion Park Rail appears to have a little bit of something for everybody.

For those looking for an affordable entry point to the market, the current median unit price is just $379,500, while for those chasing capital growth this has increased 55% in the last five years.

The suburb also offers decent rental returns for those seeking cash flow, with current rental yields sitting at 5%.

Landlords aren’t likely to struggle to find a tenant either, with the current vacancy rate in the suburb sitting at just 0.32%, according to Real Estate Investar.

Buyers seem to be taking note of those conditions, with units in Albion Park Rail spending on average just 43 days on the market.
Metrics i HOUSE UNIT
$546,000 $450,000
-2.50% -8.16%
-5.94% -6.74%
6.78% 7.92%
$440 $400
81 25
4.19% 4.62%
94.6617647058824 78.2272727272727

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

DSR Score for property investment : Balanced (H), Good (U)
Find a mortgage broker in Albion Park Rail NSW
Demographics
Total population 7001
Median household income ($/weekly) 1028
Median age of persons 37
Median housing loan repayment ($/monthly) 1733
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 978 14.0
    25-34 years 818 11.7
    35-44 years 856 12.2
    45-54 years 978 14.0
    55-64 years 867 12.4
    Others 2506 35.8
    Age Group
    Census Count Percent(%)
    Registered Married 2485 49.1
    Not Married 2114 41.8
    Defacto Relationship 462 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5605 83.1
    New Zealand 57 0.8
    Papua New Guinea 56 0.8
    United Kingdom 559 8.3
    Other 177 2.6
    Others 289 4.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 37 0.6
    Christianity 5100 78.2
    Islam 27 0.4
    Other Religious Groups 21 0.3
    No Religion 1336 20.5
    Others 3 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 314 14.2
    $600-$799 230 10.4
    $800-$999 219 9.9
    $1,000-$1,249 206 9.3
    $1,500-$1,999 295 13.3
    Others 948 42.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2101 39.5
    Employed, worked full-time 1803 33.9
    Employed, worked part-time 966 18.2
    Unemployed, looking for work 259 4.9
    Employed, away from work 186 3.5
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 550 18.6
    Community & personal service workers 364 12.3
    Clerical & administrative workers 407 13.8
    Machinery operators & drivers 365 12.3
    Labourers 382 12.9
    Others 888 30.0
    Occupation
    Census Count Percent(%)
    Pre-school 149 9.1
    Infants/Primary 623 37.9
    Secondary 489 29.8
    Technical or Further Educational Institution 214 13.0
    University or other Tertiary Institutions 132 8.0
    Others 36 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5746 87.6
    Semi-detached, row or terrace house, townhouse 661 10.1
    Flat, unit or apartment 136 2.1
    House or flat attached to a shop, office 12 0.2
    Caravan, cabin, houseboat 7 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 930 38.8
    Fully owned 781 32.5
    Rented 651 27.1
    Other tenure type 38 1.6
    Tenure Type
Census 2011, ABS
Chart Table