Albury (postcode 2640) is a compact suburb in New South Wales within the Albury local government area. It is home to about 4,955 residents, with a mature demographic and a median age of 45. Households earn a median income of $83K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Albury stand at $948,000, having posted strong gains by 7.5% over the last twelve months. Units have a median price of $452,000 (+0.2% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,733.
Albury is served by 8 schools, including 4 primary, 1 secondary, 1 combined, 2 special. The average ICSEA score is 997, which is around the national average of 1,000. Public transport access includes 8 rail stations, 120 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Albury LGA is moderate at 6,342 incidents per 100,000 population.
On the investment side, Albury shows a gross rental yield of approximately 2.9%, rated as low yield. Property prices sit below the state median ($948K/$1.5M), which can point to relative value. The price-to-income ratio of 11.4x is considered stretched. House prices have moved +7.5% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.