Over the last year, property investments in North Albury, 2640 have given investors a capital gain of 5.77%. This compares very favourably with the -4.21% for NSW as a whole.
While North Albury,2640 ranked number 311th in NSW for increase in median house value (annualised) increase, it is ranked 1092th over the last 5 years.
Property buyers and investors in North Albury 2640 should be seeing an average reduction in asking price of around -4.79% . This means that North Albury is holding prices well when compared to other suburbs in NSW.
Residents and property investors in North Albury have been waiting around 70.8101 days to sell a property.
Advertised rents are around the $280 mark per week – giving a return of 5.88% based on the median price in Suburb
Property value increases in North Albury have tracked just higher than the NSW average of -4.02% 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 North Albury has increased when compared to the 5 year average annual rate.
Property buyers and investors in North Albury 2640 should be seeing an average reduction in asking price of around -7.11% . This means that North Albury is holding prices well when compared to other suburbs in NSW.
Residents and property investors in North Albury have been waiting around 120.063 days to sell a property.
Property investors should expect to get $185 weekly from the median priced house in this suburb.
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.