Get a property report and suburb profile for any property in East Albury

East Albury is an established eastern suburb set close to the Murray River with a quiet, residential character. Streets are generally leafy and show a mix of weatherboard cottages, post-war brick homes and more recent housing, and the area is popular with families, long-term locals and retirees. Neighbourhood parks, riverside recreation, local shops and sporting clubs cover everyday needs, and main roads and regular public transport link the suburb to the Albury city centre.

About 6,224 people live in East Albury and the median age is 40; most homes are owner-occupied, roughly two in three, and couple families make up the large share of households. The suburb is the focus of a major health campus redevelopment at Albury Base Hospital, alongside precinct planning, industrial masterplanning, a corridor upgrade and a social housing renewal nearby. Whether East Albury fits you comes down to whether that settled, riverside mix suits your needs.

Buying a house in East Albury works out to about 10.3 times a typical local annual household income at the last Census, based on a median house price of $805,000 and a weekly household income of $1,508 at the last Census. On the rental side, a house renting for $550 a week would take roughly 36.5% of a typical local household's weekly income at the last Census, while a unit at $380 a week would take about 25.2%.

On these figures, buying sits well above local incomes at the last Census, and renting looks the less stretched route for most households here; whether that feels expensive will depend 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.

Over the past 12 months the figures for East Albury show both property values and rents moved higher. Median house values climbed 7.2% and median unit values rose 7.9%, which are solid increases. On the rental side, house rents jumped 11.1% and unit rents increased 8.6%.

If you’re weighing East Albury as an investment, the value numbers relate to capital growth and the rent numbers relate to rental income. Rents grew faster than values this year, with house rents the standout performer at 11.1%, while unit values were slightly ahead of house values (7.9% versus 7.2%). Whether that mix fits your objectives depends on what you want from an investment.

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.