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:
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.