West Albury is a smaller suburb in New South Wales within the Albury local government area (postcode 2640). With a population of 3,872, the suburb has a mature demographic with a median age of 46. Households earn a median income of $71K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in West Albury is $720,000, having surged 20% over the past year. Units have a median price of $518,000 (+29.5% YoY). The current median weekly rent is $535. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,365.
Public transport access includes 53 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Albury LGA is moderate at 6,256 incidents per 100,000 population.
From an investment perspective, West Albury offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($720K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.2x is considered stretched. House prices have moved +20.0% year-on-year.
West Albury is a smaller suburb in New South Wales within the Albury local government area (postcode 2640). With a population of 3,872, the suburb has a mature demographic with a median age of 46. Households earn a median income of $71K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in West Albury is $720,000, having surged 20% over the past year. Units have a median price of $518,000 (+29.5% YoY). The current median weekly rent is $535. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,365.
Public transport access includes 53 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Albury LGA is moderate at 6,256 incidents per 100,000 population.
From an investment perspective, West Albury offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($720K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.2x is considered stretched. House prices have moved +20.0% year-on-year.