Suburb Profile Report for North Albury NSW (2640)

North Albury House: Median price $247,500, Annual capital growth 2.40%, Number of sales 110, Weekly median advertised rent $280

North Albury Unit: Median price $171,500, Annual capital growth 6.21%, Number of sales 20, Weekly median advertised rent $185

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

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

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  • House Report
  • Unit Report

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:


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
$247,500 $171,500
1.02% -7.30%
5.77% 0.88%
2.40% 6.21%
$280 $185
110 20
5.88% 5.61%
70.8101265822785 120.0625

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. 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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