North Albury

POSTAL CODE: NSW, 2640

HOUSE

UNIT

Homeowners and real estate investors betting on NORTH ALBURY, 2640 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 15.96%.

A steady increase in median property prices over a five-year period in the suburb translates to a 35.57% capital gain.

Property investors in NORTH ALBURY enjoyed capital gains of 15.96% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also 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 $545,000.

Profits due to an upward trend in home prices there averaged 11.86% per annum over a 3-year period.

Home owners selling their properties and realtors in NORTH ALBURY usually have to wait an average of 34.5 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $460 mark, reflecting a 4.39% increase in returns based on the current median price in NORTH ALBURY.

NORTH ALBURY, 2640 places 212th in Australia based on median property value growth during the quarter.

Property investors in NORTH ALBURY enjoyed capital gains of 9.06% over the last 12 months translating to lower returns compared with its peers in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in NORTH ALBURY are high, as opposed to average gains per annum over the past five years.

NORTH ALBURY posted a 23.54% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

Real estate investors could earn a rental income of $392.5 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $392.5 mark, reflecting a 5.85% increase in returns based on the current median price in NORTH ALBURY.

NORTH ALBURY, 2640 ranks 168th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

NORTH ALBURY ranks 27th on the list of best yielding suburbs for rental properties in NSW, posting a 5.85% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$545,000	$349,000
Growth Report
Median Quarterly	5.83%	0%
Median 12 month	15.96%	9.06%
Median 3 years	35.57%	23.54%
Median 5 years	113.73%	0%
10 years average annual	9.97%	5.68%
Weekly media advert. rent	$460	$393
Time on Market	34.5 days	36.2 days
Gross Rental Yield Percent	4.39%	5.85%

Demographics (Median Values)*

Total Population 36343

Weekly Household Income 1313

Household Size 2.40

Average Age 39

Monthly Loan Repayment 1517

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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