Suburb Profile Report for Albury NSW (2640)

Albury House: Median price $560,000, Annual capital growth 5.45%, Number of sales 92, Weekly median advertised rent $360

Albury Unit: Median price $295,000, Annual capital growth 4.50%, Number of sales 33, Weekly median advertised rent $263

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

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

  • Expert Report
  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 5.66% for the last year, Albury, 2640 is the 1154th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Albury comes in at number 534th in NSW.

Our latest figures would indicate that property sellers in Albury are currently offering property investors an average price cut of -4.29% below the asking price at the moment.

At number 2985 in a list of fastest selling suburbs, Albury is in the bottom 20% of suburbs in Australia with an average of days on market 105.24 for properties listed there.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.34%, without taking into account capital value appreciation, which has been averaging out at 5.45%.

Over the last year, property investments in Albury, 2640 have given investors a capital gain of 3.51%. This compares favourably with the 0.04% for NSW as a whole.

A 8.06% growth in median value for property investors in Albury,2640 puts this suburb at number 419th in terms of best performing suburbs in NSW

Property buyers and investors in Albury 2640 should be seeing an average reduction in asking price of around -5.61% . This means that Albury is holding prices well when compared to other suburbs in NSW.

Property investors should expect to get $262.5 weekly from the median priced house in this suburb.

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
$560,000 $295,000
0.90% -0.84%
5.66% 3.51%
5.45% 4.50%
$360 $263
92 33
3.34% 4.63%
105.24 73.9411764705882

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 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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