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Albury, NSW 2640

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Albury, NSW 2640 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Albury, NSW 2640”

  1. The total adult population (15 years or older) of Albury 2640 NSW is 4,235, with a median age of 45. Of those, 43.66% are married, 15.16% are divorced or separated, 35.06% are single and 6.26% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $9,436. The median monthly mortgage repayment for households in this suburb is $1,733 which is 18.37% of their earnings.

    Source: ABS Census Data (2021)

  2. Albury, with a postcode of 2640, is a flourishing suburb in New South Wales. It is home to an estimated 3681 households. As we dive into the property market statistics for houses in Q3 of 2023, we see a typical price tag of $1,015,246. Houses here can command a median weekly rent of $477, generating indicative yields of 2.44%.

    Socio-economic metrics shine a favourable light on Albury. With an IRSAD score of 1025 out of 1217, it proudly showcases its residents’ elevated access to economic resources and opportunities. However, investors should note the renter to owner ratio sits slightly skewed at 39%. While not over-saturated with rentals, it’s certainly an aspect to consider while mapping out your long-term investment strategies.

    When it comes to the units to houses ratio, Albury strikes a healthy balance, presenting a suppressive 18% of units in its property market. A lower proportion of units typically indicates less competition amongst landlords for tenants, often leading to higher rental yields over time.

    The market dynamics here mean it could take up to 42 years to own a property when on a standard 30-year mortgage, indicating decreased housing affordability. This is reflected in the Affordability Index.

    The supply metrics offer promise with a low stock on market Percentage for houses at 0.27%. Combined with an inventory level 1.65 months, it implies a low supply, which commonly equates to higher property values. This is further reflected in the modest building approvals Ratio of 0.08%.

    With an average of 43 days on market for houses, demand seems to be steady, teetering between high and moderate. This is also echoed in the vacancy rate of 1.94% which sits within the neutral range, indicating a balanced landscape of tenant demand and supply. The buy search index for houses at 4, suggests decent demand from prospective buyers.

    While the landscape in Albury presents mixed signals, the general testament is that low supply combined with moderate to high demand can bode well for property investors. Reviews like these are essential in decision-making, so keeping a close eye on the market dynamics ensures that any opportunities for capital gains or positive cash flow aren’t missed. Factors such as the RCS metric can be crucial in investment strategies to offer a broad analytical perspective.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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