Suburb Profile Report for Albion Park Rail NSW (2527)

Albion Park Rail House: Median price $550,000, Annual capital growth 6.68%, Number of sales 121, Weekly median advertised rent $440

Albion Park Rail Unit: Median price $450,000, Annual capital growth 8.28%, Number of sales 33, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Albion Park Rail has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.87%

If we look at median property appreciation over just the last three months, Albion Park Rail has given property investors a paper return of 2.33%. This puts Suburb as 632 on a list of fastest fasting appreciating suburbs in NSW

Property investors looking for a bargain in Albion Park Rail should be aiming for at least -3.16% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Albion Park Rail being $550000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.16%

Albion Park Rail has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.27% to date .

The five-year average increase in median property values for Albion Park Rail,2527 has given property investors a potential capital gain of 73.08% across each of those five years.

Property buyers and investors in Albion Park Rail 2527 should be seeing an average reduction in asking price of around -2.37% . This means that Albion Park Rail is holding prices well when compared to other suburbs in NSW.

YIP MAG Information supplied by:

YIP MAG
July 2016

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Around a 20-minute drive south of Wollongong, the unit market in Albion┬áPark Rail appears to have a little bit of something for everybody.Full summary 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.Close
Metrics i HOUSE UNIT
$550,000 $450,000
2.33% N/A
13.87% 2.27%
6.68% 8.28%
$440 $380
121 33
4.16% 4.39%
39.54 33.75

Source: CoreLogic

DSR Score for property investment : Good (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
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Recent sales & rentals