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Albury suburb profile

Albury is a vibrant regional city located on the northern side of the Murray River, serving as a key hub between Sydney and Melbourne. Known for its rich history and stunning natural landscapes, Albury offers a blend of urban amenities and country charm. The city boasts a thriving arts and cultural scene, with galleries, theatres, and festivals attracting visitors year-round. Albury's beautiful parks, gardens, and proximity to Lake Hume provide ample recreational opportunities. With its strong sense of community, excellent schools, and diverse dining options, Albury is an appealing destination for families, retirees, and professionals seeking a balanced lifestyle.

Albury property market performance

Current median dwelling price$746,250Past 3 months

Property growth+6.3%Past 12 months

Albury’s property market has shown positive growth, particularly in the housing sector over the past 12 months, with house values increasing by 10.9%. The median house price has reached $1.03 million. Unit values have also seen an increase of 6.5%, despite no reported current median price for units over the same period.

Sales activity in Albury reveals a stronger demand for houses, with 25 houses sold compared to just 6 units in the past 12 months. Houses are staying on the market for a median of 59 days, while specific data for units was not available, indicating a potential caution in the unit market.

In the rental market, both houses and units have experienced rent increases. House rents have risen by 3.3%, while units have seen a more significant rise of 7.2%, with average rents being $540 for houses and $400 for units, suggesting a growing interest in unit rentals.

HousesUnits
Median price
Past 3 months
$980KN/A
Change in value
Past 12 months
1.7%11.0%
Sold
Past 3 months
282
Median days on market
Past 12 months
60N/A
Average rent
Past 12 months
$550$400
Change in rent
Past 12 months
3.8%7.2%

5 year median price trend for houses and units

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Albury demographics

Albury, located on the border of New South Wales and Victoria, is a charming regional city known for its rich history, vibrant community, and picturesque surroundings. With a population of 4,955, Albury offers a blend of urban convenience and rural tranquility, making it an attractive place for families, retirees, and professionals seeking a balanced lifestyle. The median age of 45 suggests a mature community, with many residents enjoying the area's relaxed pace and strong sense of community.

Housing in Albury is diverse, with a significant portion of properties owned outright (37.2%), reflecting a stable and established community. Additionally, 22.6% of homes are owned with a mortgage, indicating a mix of long-term residents and new buyers entering the market. The rental market, comprising 40.1% of properties, caters to those seeking flexibility, including young professionals and families.

Family dynamics in Albury are varied, with couple families without children making up 49.1% of the population, while couple families with children account for 34.6%. One-parent families represent 15.4%, highlighting the suburb's inclusive nature. Albury's strong community spirit, combined with its scenic location along the Murray River and proximity to national parks, offers residents a high quality of life with ample opportunities for outdoor recreation and cultural activities.

Suburbs near Albury

Some popular suburbs near Albury include:

  • South Albury: Known for its riverside parks and relaxed atmosphere, South Albury is located directly south of Albury.
  • East Albury: Featuring a mix of residential and commercial areas with easy access to the Hume Highway, East Albury is situated to the east of Albury.
  • West Albury: Known for its scenic views and proximity to the Murray River, West Albury lies to the west of Albury.
  • Glenroy: Offering a suburban feel with plenty of green spaces, Glenroy is located to the northwest of Albury.
  • North Albury: Known for its community vibe and local amenities, North Albury is situated directly north of Albury.

How does Albury compare to nearby suburbs?

  • Median house prices: Albury’s median house price is 20.1% higher than East Albury’s.
  • House price growth: Over the past 12 months, house prices in Albury have grown 0.6% higher than in South Albury.
  • Unit price growth: Over the past 12 months, unit prices in Albury have grown 28.4% higher than in South Albury.
  • Selling speed for houses: Properties in Albury are selling 39.4% faster than in South Albury.

Choose the right real estate agents in Albury

Choosing the right real estate agent in Albury can have a big impact on your sale. While there are 28 real estate agents working in the suburb, but just 5 of them were responsible for 58.4% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 3%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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