West Albury

POSTAL CODE: NSW, 2640

HOUSE

UNIT

Homeowners and real estate investors betting on WEST ALBURY, 2640 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 12.82%.

A steady increase in median property prices over a five-year period in the suburb translates to a 22.79% capital gain.

Property investors in WEST ALBURY enjoyed capital gains of 12.82% over the last 12 months translating to higher returns compared with its peers in the territory.

The suburb also 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 $660,000.

Profits due to an upward trend in home prices there averaged 7.6% per annum over a 3-year period.

Home owners selling their properties and realtors in WEST ALBURY usually have to wait an average of 55.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $512.5 mark, reflecting a 4.04% increase in returns based on the current median price in WEST ALBURY.

WEST ALBURY, 2640 places 188th in Australia based on median property value growth during the quarter.

Property investors in WEST ALBURY enjoyed capital gains of 17.79% over the last 12 months translating to higher returns compared with its peers in the territory.

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

WEST ALBURY posted a 43.97% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

Real estate investors could earn a rental income of $420 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $420 mark, reflecting a 4.82% increase in returns based on the current median price in WEST ALBURY.

WEST ALBURY, 2640 ranks 68th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

WEST ALBURY ranks 148th on the list of best yielding suburbs for rental properties in NSW, posting a 4.82% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$660,000	$453,500
Growth Report
Median Quarterly	5.18%	5.71%
Median 12 month	12.82%	17.79%
Median 3 years	22.79%	43.97%
Median 5 years	32%	69.22%
10 years average annual	8.06%	8.72%
Weekly media advert. rent	$513	$420
Time on Market	55.6 days	46.2 days
Gross Rental Yield Percent	4.04%	4.82%

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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