Suburb Profile Report for Albury NSW (2640)

Albury House: Median price $540,500, Annual capital growth 4.28%, Number of sales 75, Weekly median advertised rent $340

Albury Unit: Median price $276,000, Annual capital growth 4.64%, Number of sales 26, Weekly median advertised rent $250

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

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

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  • House Report
  • Unit Report

Property value increases in Albury have tracked higher than the NSW average of -2.96% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Albury has increased when compared to the 5 year average annual rate.

Albury, 2640 is offering NSW ‘s 870th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.

On average over the past year, suburb has had 6.25 sales per month, which equates to 75 per year.

Situated 461.72km from the CBD, Albury is one of Albury (C) localities in the postcode 2640.

With a capital gain of -13.40% for the last 12 months, Albury, 2640 has performed for property investments than its average annual 4.64% property growth over the last 5 years.

While Albury,2640 ranked number 338th in NSW for increase in median house value (annualised) increase, it is ranked 344th over the last 5 years.

Albury2640 is located in NSW which offers an average discount of -6.79% to property investors. Albury itself is showing figures that indicate -5.25% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Albury the average time real estate has been on the market is 87.8889 days.

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Riverland region service centre Albury (and its Victorian twin Wodonga) – located 588km from Sydney and 300km from Melbourne on the Hume Highway – made Your Investment Property's top 100 list in 2011 for a few reasons.

First, it's affordable, with a median house price of less than $400,000 and a median unit price of less than $250,000. It's also home to some excellent rental yields.

Third, it's shown consistent population growth over recent years, increasing from 47,700 in 2005 to 50,500 in 2009, suggesting ongoing demand for property. When combined with Wodonga, the population of the urban area is over 90,000.

The combined urban area has significant amenities, with multiple Coles supermarkets, shopping centres, schools, cafes and restaurants, a campus of Charles Sturt University, cinemas and several public and private hospitals. The nearby Lake Hume offers opportunities for fishing and watersports – especially water skiing – and both NSW and Victorian ski resorts are within a few hours’ drive. There are also daily rail and air connections to Sydney and Melbourne.

The city's future potential is what warrants its place on the investor radar: as a service centre for the Riverland region, it's likely to be one of the areas that benefits from the breaking of the drought and recovery of agriculture in the region; on the flip side, should this not materialise, its diverse economy and growing education industry – as well as proximity to popular ski resorts – should protect investors from significant losses.

Metrics i HOUSE UNIT
$540,500 $276,000
4.95% -3.16%
5.98% -13.40%
4.28% 4.64%
$340 $250
75 26
3.27% 4.71%
63.6470588235294 87.8888888888889

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

DSR Score for property investment : Good (H), Good (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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