How to refinance a rental property
There are great deals around the market at the moment for new lending, and in particular, new lending to investors. The only way to fully sh...
The suburb’s capital gain of 8.43% for the past year is higher than average compared to its 18.41% growth within a five-year period.
Also in ALBURY, the median home price is sitting at $559,500, and the average rent at $370, this suggests property owners could potentially earn a 3.44% increase in gross rental yield.
Property investors have seen a -0.89% 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 5.65% growth over a ten-year period. It ranks 2811th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $559,500 | $292,500 |
| GROWTH REPORT | ||
| Median Quarterly | -0.89% | -5.65% |
| Median 12 month | 8.43% | 4.46% |
| Median 3 years | 1.73% | 4.46% |
| Median 5 years | 18.41% | 17% |
| 10 years average annual | 5.65% | 3.67% |
| Weekly media advert. rent | $370 | $262.5 |
| Time on Market | 104.3 days | 89.1 days |
| Gross Rental Yield Percent | 3.44% | 4.67% |
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