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East Albury
AREA REPORTS

East Albury

East Albury - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2640

house
unit

EAST ALBURY, 2640 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling EAST ALBURY, 2640 values up and netting property investors a capital gain of 14.37% for the past year.

Investors saw the median home price rise to $487,500.

Profits due to an upward trend in home prices in the suburb averaged 7.81% per annum over a 3-year period.

EAST ALBURY now ranks at the 54th 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 high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $365 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 73.5 days.

In 2016, 97 properties were sold in EAST ALBURY during the past year, making it the 12th most active market in NSW based on total real estate transactions.

Data report can be found below

East Albury
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $487,500 $182,000
GROWTH REPORT
Median Quarterly 10.8% -10.12%
Median 12 month 14.37% -17.18%
Median 3 years 23.42% -16.89%
Median 5 years 34.69% 12.35%
10 years average annual 4.1% 1.01%
Weekly media advert. rent $365 $265
Time on Market 73.5 days 66.4 days
Gross Rental Yield Percent 3.89% 7.57%
demographics (median values)*
Total Population
36343
Weekly Household Income
1313
Household Size
2.40
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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