Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
The suburb’s capital gain of -6.25% for the past year is lower than average compared to its 39.04% growth within a five-year period.
Also in ALBURY, the median home price is sitting at $514,437, and the average rent at $350, this suggests property owners could potentially earn a 3.54% increase in gross rental yield.
Property investors have seen a -1.07% drop in ALBURY based on a decrease 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 4.19% growth over a ten-year period. It ranks 1838th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $514,437 | $310,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.07% | N/A |
| Median 12 month | -6.25% | 8.77% |
| Median 3 years | 11.35% | 26.02% |
| Median 5 years | 39.04% | 40.59% |
| 10 years average annual | 4.19% | 5.46% |
| Weekly media advert. rent | $350 | $250 |
| Time on Market | 104.0 days | 91.8 days |
| Gross Rental Yield Percent | 3.54% | 4.19% |
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