East Albury (postcode 2640) is a medium-sized suburb in New South Wales within the Albury local government area. It is home to about 6,224 residents, with a settled mid-life population and a median age of 40. Households earn a median income of $78K per year, with an average household size of 2.2 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, technicians & trades, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in East Albury stand at $1.1 million, having surged by 52.8% over the last twelve months. Units have a median price of $365,000 (+10.6% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,560.
Public transport access includes 94 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.
From an investment perspective, East Albury shows a gross rental yield of approximately 2.5%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 14.0x is considered stretched. House prices have moved +52.8% 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.