Located in New South Wales within the Albury local government area, Lake Hume Village is a quiet locality (postcode 3691). With a population of 59, the suburb has a settled mid-life population with a median age of 43. Households earn a median income of $60K per year, with an average household size of 1.7 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 managers, community & personal service, professionals. Employment in the area leans toward accommodation & food and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Lake Hume Village is $355,000, having climbed sharply by 26.8% over the past year. Units have a median price of $390,000. The median weekly rent is $180 (Census 2021). This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $589.
Public transport access includes 1 bus stop. The crime rate in the Albury LGA is moderate at 6,342 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.6% (low yield). Property prices sit below the state median ($355K/$1.5M), which can point to relative value. The price-to-income ratio of 5.9x is considered affordable. House prices have moved +26.8% 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.