Suburb Profile Report for North Albury NSW (2640)

North Albury House: Median price $238,000, Annual capital growth 2.16%, Number of sales 116, Weekly median advertised rent $288

North Albury Unit: Median price $198,500, Annual capital growth 6.39%, Number of sales 20, Weekly median advertised rent $190

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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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:


October 2018

M
O

W
E

Steady if gentle growth

Postcode: 2640

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.

Metrics i HOUSE UNIT
$238,000 $198,500
-0.21% 3.93%
-2.86% 11.52%
2.16% 6.39%
$288 $190
116 20
6.28% 4.98%
76.873417721519 106.411764705882

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 5976
Median household income ($/weekly) 802
Median age of persons 37
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 797 13.3
    25-34 years 743 12.4
    35-44 years 797 13.3
    45-54 years 764 12.8
    55-64 years 616 10.3
    Others 2259 37.8
    Age Group
    Census Count Percent(%)
    Not Married 2132 50.5
    Registered Married 1656 39.3
    Defacto Relationship 431 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4936 89.7
    Greece 43 0.8
    Papua New Guinea 65 1.2
    United Kingdom 137 2.5
    Other 149 2.7
    Others 175 3.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 73 1.4
    Christianity 3878 72.8
    Hinduism 86 1.6
    Other Religious Groups 29 0.5
    No Religion 1238 23.2
    Others 25 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 273 12.8
    $400-$599 351 16.5
    $600-$799 259 12.2
    $800-$999 216 10.2
    $1,500-$1,999 219 10.3
    Others 809 38.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1834 41.5
    Employed, worked full-time 1437 32.5
    Employed, worked part-time 766 17.3
    Unemployed, looking for work 223 5.0
    Employed, away from work 157 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 346 14.6
    Technicians & trades workers 386 16.3
    Community & personal service workers 287 12.2
    Clerical & administrative workers 319 13.5
    Labourers 353 14.9
    Others 671 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 95 7.0
    Infants/Primary 469 34.4
    Secondary 392 28.8
    Technical or Further Educational Institution 237 17.4
    University or other Tertiary Institutions 150 11.0
    Others 20 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4851 89.1
    Flat, unit or apartment 429 7.9
    Semi-detached, row or terrace house, townhouse 142 2.6
    Caravan, cabin, houseboat 23 0.4
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 867 37.9
    Being purchased 761 33.3
    Fully owned 652 28.5
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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