ALBURY ranks 39th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of -0.48% for the past year is lower than average compared to its 40.16% growth within a five-year period.
Also in ALBURY, the median home price is sitting at $520,000, and the average rent at $340, this suggests property owners could potentially earn a 3.4% increase in gross rental yield.
Property investors have seen a 4.73% gain in ALBURY based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.67% growth over a ten-year period. It ranks 2065th on our list of suburbs that property investors should look into.
A 27.57% increase in median property prices in ALBURY, 2640 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 14th.
A steady increase in median property prices over a five-year period in ALBURY, 2640 translates to a 26.02% capital gain.
ALBURY, 2640 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $310,000.
Augmented property values in ALBURY are trailing above the NSW average of 4.18% for the past year.
Real estate investors could earn a rental income of $245 based on current median home prices for the suburb.
Home owners selling their properties and realtors in ALBURY usually have to wait an average of 88.7 days days before their assets are lifted off the market.
ALBURY ranks 5th on the list of best yielding suburbs for rental properties in NSW, posting a 4.11% return.
ALBURY, 2640 places 78th in Australia based on median property value growth during the quarter.