Question 1

Is Lavington a nice place to live?

Accepted Answer

Lavington sits on Albury’s northern edge as an established, straightforward suburb centred on a busy retail precinct around Lavington Square and a main commercial strip. Streets are lined with mature trees and housing ranges from mid-century brick and weatherboard homes on generous blocks to newer family-focused estate developments. It is home to 13,073 people, with a median age of 40 and a median household income of $1,130 a week (about $58,760 a year), and the community is weighted towards couple families, both with and without children.

Everyday life in Lavington is shaped by ready access to shops, sporting fields, community facilities and local schools, plus major roads and regular bus services into Albury and the wider region. Most homes are owner-occupied while renters make up a substantial share, and several council-led projects are under way or planned, including a major swim centre redevelopment, upgrades to the sports ground and trials of new public space in the CBD. Whether it suits you depends on the amenities and housing mix you want close by.

Question 2

Is it expensive to live in Lavington?

Accepted Answer

On the figures for Lavington 2641, buying a house sits well above what local households earned at the last Census. The median house price of $641,000 is about 10.9 times a typical local annual household income at the last Census. Rents also take a large share of income: a house rent of $500 a week is about 44.2% of a typical local weekly household income at the last Census, and a unit rent of $380 a week is about 33.6% of that weekly income. Buying therefore looks much more stretched against local incomes than renting, though both are substantial shares for a typical local household.

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 Lavington a good place to invest?

Accepted Answer

Unit values in Lavington climbed 27.4% over the past year, a strong rise, and they outpaced house values, which were up 17.9% over the same period. On the rental side, unit rents increased 8.6% (a solid rise) while house rents rose 4.2% (a modest increase).

For someone weighing Lavington as an investment, the value figures relate to capital growth and the rent figures relate to rental income, and over the past 12 months the unit side was the stronger performer on both counts. Whether that outcome suits your goals and circumstances is for you to decide.

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	$641K	N/A
Change in value Past 12 months	17.9%	27.4%
Sold Past 3 months	59	9
Median days on market Past 12 months	27	29
Average rent Past 12 months	$500	$380
Change in rent Past 12 months	4.2%	8.6%

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