West Albury (postcode 2640) is a smaller suburb in New South Wales within the Albury local government area. With a population of 3,872, the suburb has a settled, mature resident base with a median age of 46. Households earn a median income of $71K 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
The median house price in West Albury is $620,000, having increased by 2.5% over the past year. Units have a median price of $395,000 (+2.6% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 4.4%. 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 6,342 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.4% (moderate yield). Property prices sit below the state median ($620K/$1.5M), which can point to relative value. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +2.5% 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.