East Albury

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 0.69% for the past year.

Investors saw the median home price rise to $727,500.

Profits due to an upward trend in home prices in the suburb averaged 1.97% per annum over a 3-year period.

EAST ALBURY now ranks at the 313th 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 $550 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 76.6 days.

In 2016, 106 properties were sold in EAST ALBURY during the past year, making it the 1416th most active market in NSW based on total real estate transactions.

EAST ALBURY ranks 249th 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 10.61% for the past year, which is lower than average compared to its 87.18% growth within a five-year period.

With the median home price in EAST ALBURY sitting at $365,000, and the average rent at $380, property owners could potentially earn a 5.41% increase in gross rental yield.

Property investors have seen a 0.69% gain in EAST ALBURY based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on EAST ALBURY, 2640 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 10.61%.

A survey of average capital gains or median home price increase in suburbs across the country shows that EAST ALBURY, 2640 obtained a 9.01% growth over a ten-year period. It ranks 120th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$727,500	$365,000
Growth Report
Median Quarterly	3.93%	0.69%
Median 12 month	0.69%	10.61%
Median 3 years	5.9%	21.67%
Median 5 years	53.97%	87.18%
10 years average annual	7.27%	9.01%
Weekly media advert. rent	$550	$380
Time on Market	76.6 days	69.3 days
Gross Rental Yield Percent	3.93%	5.41%

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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