Lavington (postcode 2641) is a settled mid-to-large suburb in New South Wales within the Albury local government area. With a population of 13,073, the suburb has an established demographic with a median age of 40. Households earn a median income of $59K 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 technicians & trades, community & personal service, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
The median house price in Lavington is $666,000, having climbed sharply by 12.8% over the past year. Units have a median price of $335,000 (+5.7% YoY). The current median weekly rent is $485. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,257.
Lavington is served by 7 schools, including 5 primary, 1 secondary, 1 combined. The average ICSEA score is 940, which is below the national average of 1,000. Public transport access includes 193 bus stops. The crime rate in the Albury LGA is moderate at 6,342 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.8% (moderate yield). Property prices sit below the state median ($666K/$1.5M), which can point to relative value. The price-to-income ratio of 11.3x is considered stretched. House prices have moved +12.8% 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.