With a capital gain of -2.86% for the last 12 months, North Albury, 2640 has performed for property investments than its average annual 2.16% property growth over the last 5 years.
Across a shorter period, North Albury, 2640 has seen a median price increase of -0.21% over the last quarter.
At number 519th of NSW’s most discounted properties, North Albury is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $14950 per annum or $287.5 every week.
Property investors who have had real estate in North Albury, 2640 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.52%
Comparing North Albury,2640 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in North Albury should be aiming for at least -5.39% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 20 properties changed hands in North Albury, which puts it as the 420th most active market in NSW when comparing the number of sales per suburb.
A $190 per week rent on the median house gives suburb investors a gross yield of circa 4.98%, without taking into account capital value appreciation, which has been averaging out at 6.39%.
Information supplied by:
Steady if gentle growth
Median house price: $235,500
Three-year growth: 7.0%
Rental yield: 6.0%
Situated just north of the CBD, North Albury offers affordable living not too far from a city. It lies adjacent of Nail Can Hill on the floodplain of the Murray River. The Albury Racecourse is located here, along with the Albury Showground and Frederick Park. Families also have their pick of schools, including Albury North Public School, St Anne’s School and James Fallon High School. There’s also a care centre for children. The quiet atmosphere of this suburb makes it an excellent place to live while remaining within close reach of shops and other amenities.
The median price for a house in North Albury is just $235,500. While the market is not a particularly strong grower, it has maintained positive growth for the past five years to July 2018, except for a slight decrease of 0.6% in the July 2018 quarter.