Albany is a small community in Western Australia within the Albany local government area (postcode 6330). With a population of 1,403, the suburb has an older demographic with a median age of 55. Households earn a median income of $71K per year, with an average household size of 2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Albany is $550,000, having surged 14.6% over the past year. Units have a median price of $390,000 (+4% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,700.
Albany is served by 12 schools, including 5 primary, 2 secondary, 4 combined, 1 special. The average ICSEA score is 994, which is around the national average of 1,000. Public transport access includes 14 bus stops.
From an investment perspective, Albany offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($550K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved +14.6% year-on-year.
Albany is a small community in Western Australia within the Albany local government area (postcode 6330). With a population of 1,403, the suburb has an older demographic with a median age of 55. Households earn a median income of $71K per year, with an average household size of 2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Albany is $550,000, having surged 14.6% over the past year. Units have a median price of $390,000 (+4% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,700.
Albany is served by 12 schools, including 5 primary, 2 secondary, 4 combined, 1 special. The average ICSEA score is 994, which is around the national average of 1,000. Public transport access includes 14 bus stops.
From an investment perspective, Albany offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($550K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved +14.6% year-on-year.