EAST 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 $394,500.
Profits due to an upward trend in home prices in the suburb averaged 2.79% per annum over a 3-year period.
EAST ALBURY now ranks at the 827th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in EAST ALBURY are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $335 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In EAST ALBURY, homes and units usually stay on listing for an average of 90.5 days.
In 2016, 134 properties were sold in EAST ALBURY during the past year, making it the 1191st most active market in NSW based on total real estate transactions.
EAST ALBURY ranks 315th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
EAST ALBURY, 2640 has a capital gain of -4.55% for the past year, which is lower than average compared to its 16.02% growth within a five-year period.
With the median home price in EAST ALBURY sitting at $210,000, and the average rent at $230, property owners could potentially earn a 5.7% increase in gross rental yield.
Property investors have seen a -6.67% drop in EAST 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 EAST ALBURY, 2640 obtained a 2.68% growth over a ten-year period. It ranks 1060th on our list of suburbs that property investors should look into.