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North Albury, NSW 2640

Home » NSW Real Estate Data » Albury City Council, NSW » North 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 North 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 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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Yield 

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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 “North Albury, NSW 2640”

  1. The total adult population (15 years or older) of North Albury 2640 NSW is 5,083, with a median age of 38. Of those, 34.21% are married, 15.92% are divorced or separated, 44.23% are single and 5.63% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,960. The median monthly mortgage repayment for households in this suburb is $1,170 which is 19.63% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of North Albury, located in NSW and home to approximately 3522 households, presents an intriguing prospect for both property buyers and investors as of Q3 2023. The typical price for houses in North Albury stands at $451,158, paired with a median weekly rent of $405, provides an attractive indicative yield of 4.67%. This yield exceeds the 3% preferred minimum for cashflow-focused property investors.

    In terms of socio-economic factors, North Albury displays an IRSAD score of 866 out of 1217, indicating a decent socio-economic standing. However, the suburb exhibits a relatively high renter to owner ratio of 41%. While such a figure can be suggestive of high competition among property investors, it doesn’t infringe on the ‘questionable investment’ range set above 45%.

    Interestingly, the suburb has a relatively low units to houses ratio of 10%, indicating a larger prevalence of houses over units, typically favoured by long-term tenants such as families. This lower saturation of units may assist in maintaining higher rental yields and a more stable tenancy environment.

    Affordability is rather neutral in North Albury. Identified by an affordability index of 30 years, it suggests residents can fully own a property under a standard 30-year mortgage providing market conditions remain constant.

    When looking at supply metrics, stock on the market for houses sits at a favourable 0.36%. This low percentage indicates low supply. The inventory level, a measure of how absorbent the market is to new listings, presents a similarly low figure, with houses only spending an average of 1.29 months on the market. However, the building approvals ratio is 0.72%, a neutral figure that does not point towards a significant new dwelling supply influx which could tip the market scale.

    Demand metrics show that houses spend an average of 39 days on the market. While this is slightly over the high demand threshold of 35, it’s far from the 90-day marker signifying low demand. Meanwhile, the combined vacancy rate for both houses and units is well within the neutral range at 1.88%. Lastly, the buy search index falls somewhat below average at 3, suggesting limited demand but not considerably low to flag concerns.

    In summary, while North Albury meets several investment-preferred metric criteria, the relative position of other indicators calls for careful evaluation and continuous monitoring of local market trends. By staying abreast of the property market data, including the RCS generated by HtAG Analytics, potential investors can make informed decisions.

    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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