Property buyers warned on hasty decisions with HomeBuilder grant
Property buyers looking to cash in on the HomeBuilder grant should proceed with caution, with uncertainty around building costs and job secu...
The suburb’s capital gain of 4.76% for the past year is higher than average compared to its 18.53% growth within a five-year period.
Also in ALBURY, the median home price is sitting at $550,000, and the average rent at $360, this suggests property owners could potentially earn a 3.4% increase in gross rental yield.
Property investors have seen a 0.46% 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 5.37% growth over a ten-year period. It ranks 1856th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $550,000 | $308,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.46% | 3.53% |
| Median 12 month | 4.76% | 11.59% |
| Median 3 years | 4.76% | 26.75% |
| Median 5 years | 18.53% | 25.2% |
| 10 years average annual | 5.37% | 4.88% |
| Weekly media advert. rent | $360 | $270 |
| Time on Market | 100.4 days | 68.8 days |
| Gross Rental Yield Percent | 3.4% | 4.56% |
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