South Albury

POSTAL CODE: NSW, 2640

HOUSE

UNIT

Property investments in SOUTH ALBURY did not fare well against the rest of the country last year, registering a median home price decrease of 7.69%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains SOUTH ALBURY, 2640 saw average growth in the long term.

Real estate investors could earn a rental income of $470 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 105.7 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $700,000.

SOUTH ALBURY ranks 452nd on the list of best yielding suburbs for rental properties in NSW, posting a 3.49% return.

Based on its average 5-year and quarterly capital gains SOUTH ALBURY, 2640 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in SOUTH ALBURY, 2640 averaged 0% per annum over a 3-year period.

Average weekly rents on listings have reached the $350 mark, reflecting a 6.28% increase in returns based on the current median price in SOUTH ALBURY.

An average of 1.08 real estate transactions take place per month in SOUTH ALBURY which translates to 13 per annum.

13 properties were sold in SOUTH ALBURY during the past year, making it the 548th most active market in NSW based on total real estate transactions.

SOUTH ALBURY, 2640 places 263rd in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$700,000	$290,000
Growth Report
Median Quarterly	1.45%	1.75%
Median 12 month	7.69%	-3.01%
Median 3 years	10.24%	0%
Median 5 years	59.09%	0%
10 years average annual	10.16%	2.86%
Weekly media advert. rent	$470	$350
Time on Market	105.7 days	N/A
Gross Rental Yield Percent	3.49%	6.28%

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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