With a capital gain of 14.84% for the last 12 months, Albury, 2640 has performed for property investments than its average annual 0.64% property growth over the last 5 years.
While Albury,2640 ranked number 808th in NSW for increase in median house value (annualised) increase, it is ranked 877th over the last 5 years.
Property buyers and investors in Albury 2640 should be seeing an average reduction in asking price of around 0.00% . This means that Albury is holding prices well when compared to other suburbs in NSW.
Albury, 2640’s gross rental yield is 0.00%
At number 1947th in the list of Australian suburbs ordered by increase in median house value over the last year, Albury, 2640 is in the BOTTOM 10% with a property value increase of -0.17% recorded in median house prices.
The five-year average increase in median property values for Albury,2640 has given property investors a potential capital gain of -19.33% across each of those five years.
Our latest figures would indicate that property sellers in Albury are currently offering property investors an average price cut of -4.86% below the asking price at the moment.
In the last year 41 properties changed hands in Albury, which puts it as the 337th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $420 mark per week – giving a return of 3.61% based on the median price in 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.