Question 1

Is Albany a nice place to live?

Accepted Answer

Albany sits on King George Sound and Princess Royal Harbour and has a compact historic centre of 19th-century limestone buildings, a working harbour and granite headlands with cafes and galleries clustered around a sheltered bay.

It is an older community, with many couples without children at home and many households owning their homes outright; 47.3% of homes are owned outright. The suburb offers walking trails, a botanic garden and coastal lookouts, and it is served by road and airport links and local services that support the wider rural hinterland. The Albany Health Campus expansion has had its design-and-construct contract awarded and will deliver a new 32-bed modular ward.

Question 2

Is it expensive to live in Albany?

Accepted Answer

House rents in Albany run to $700 a week. Against a typical local household income of $1,363 a week at the most recent Census, $700 a week would take about 51% of that weekly income, a large share. If you're renting rather than buying, that rent share is the figure that matters when judging how expensive Albany is to live in, and whether it feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Albany a good place to invest?

Accepted Answer

In Albany, house rents climbed 18.6% over the past 12 months while house values rose 16.6% in that period. For houses in Albany, rental income increased slightly more than capital growth, with rents outpacing price growth by a small margin.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	16.6%	N/A
Sold Past 3 months	5	N/A
Median days on market Past 12 months	35	N/A
Average rent Past 12 months	$700	N/A
Change in rent Past 12 months	18.6%	N/A

	Suburb	WA
Median age years	55	38
Median household income weekly	$1,363	$1,815
Couples with children share of families	26.9%	44.6%
Couples without children share of families	59.9%	38.8%
One-parent families share of families	10.8%	15.1%
Homes owned outright share of homes	47.3%	30.2%
Homes with a mortgage share of homes	23.7%	41.4%
Homes rented share of homes	29.0%	28.3%

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