Question 1

Is North Albury a nice place to live?

Accepted Answer

North Albury has tree-lined streets and a mix of early to mid-20th century cottages, post-war brick homes and pockets of newer unit development. It sits close to the city with straightforward access to main roads and regular bus services, and local pocket shops, community clubs and sporting ovals provide everyday convenience and recreation. Mature gardens and older homes give the suburb a settled, lived-in feel, and Albury North Public School serves local families.

About 6,232 people live in North Albury, with a median age of 38 and a typical household income of $1,159 a week (about $60,268 a year). The community is weighted towards couple families — the two couple-family groups make up 71.1% — and owner-occupiers are more common than renters (57.9% owner-occupied, 42.1% rented). That mix tends to suit people after established housing close to the region’s services, long-term residents and buyers; whether it fits you depends on what you want from a suburb.

Question 2

Is it expensive to live in North Albury?

Accepted Answer

By what local households earned at the last Census, buying in North Albury looks stretched. A median house price of $628,500 is about 10.4 times a typical local household's annual income at the last Census (weekly household income $1,159 × 52 = $60,268).

Renting is also a stretch by that benchmark: a house rent of $480 a week would take about 41.4% of a typical local household's weekly income at the last Census, while a unit at $380 a week would take about 32.8%. On these figures, renting a house takes a large share of income and renting a unit takes a sizeable share; whether that 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 North Albury a good place to invest?

Accepted Answer

House values have been the standout in North Albury over the past year. Median house values climbed 19.2%, a strong rise, while the rent those houses earn rose a modest 2.1%. That means capital growth outpaced rental income on the house side during the year.

Units moved differently: median unit values fell 1.4% while unit rents jumped 15.2%, a strong rise. In other words, unit rental income grew faster than unit prices over the year. If capital growth is your priority, the house figures are the relevant ones; if rental income matters more, the unit rent movement is the number to note. How that fits your investment goals depends on your circumstances.

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	$629K	N/A
Change in value Past 12 months	19.2%	-1.4%
Sold Past 3 months	33	5
Median days on market Past 12 months	26	N/A
Average rent Past 12 months	$480	$380
Change in rent Past 12 months	2.1%	15.2%

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