Lavington is a well-established suburb in New South Wales within the Albury local government area (postcode 2641). 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. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Lavington is $667,000, having surged 14.4% over the past year. Units have a median price of $385,000 (+13.2% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 3.7%. 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 6,256 incidents per 100,000 population.
From an investment perspective, Lavington offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($667K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.3x is considered stretched. House prices have moved +14.4% year-on-year.
Lavington is a well-established suburb in New South Wales within the Albury local government area (postcode 2641). 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. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Lavington is $667,000, having surged 14.4% over the past year. Units have a median price of $385,000 (+13.2% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 3.7%. 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 6,256 incidents per 100,000 population.
From an investment perspective, Lavington offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($667K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.3x is considered stretched. House prices have moved +14.4% year-on-year.