Lake Albert is a mid-sized suburb in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 6,291, the suburb has an established demographic with a median age of 43. Households earn a median income of $98K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Lake Albert is $815,000, having surged 24% over the past year. Units have a median price of $460,000 (-1.4% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,625.
Lake Albert is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1029, which is around the national average of 1,000. Public transport access includes 38 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Lake Albert offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($815K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.3x is considered moderate. House prices have moved +24.0% year-on-year.
Lake Albert is a mid-sized suburb in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 6,291, the suburb has an established demographic with a median age of 43. Households earn a median income of $98K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Lake Albert is $815,000, having surged 24% over the past year. Units have a median price of $460,000 (-1.4% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,625.
Lake Albert is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1029, which is around the national average of 1,000. Public transport access includes 38 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Lake Albert offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($815K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.3x is considered moderate. House prices have moved +24.0% year-on-year.