Question 1

Is South Albury a nice place to live?

Accepted Answer

South Albury is an inner-southern pocket of Albury with a working-city feel, where modest mid-century weatherboard and brick cottages sit alongside light commercial and industrial areas, low-rise units and some larger blocks around the fringes. It suits people who want close links to the city centre while staying near river parklands and sporting grounds, and the population is a mix of long-term locals, families and people who work locally or commute. Everyday needs are met by local shops, community facilities and straightforward road connections to neighbouring suburbs.

The community of 1,372 has a median age of 40 and a median household income of $1,147 a week, and renting is the most common tenure with 58.9% of homes rented while 41.0% are owner-occupied. Council has a number of river-foreshore and utility projects under way, from foreshore and park upgrades and a new pedestrian bridge to levee and sewer planning, and the South Albury Active Space at Waites Park is already completed. Whether South Albury suits you depends on whether that mix of housing, access and local investment matches what you want.

Question 2

Is it expensive to live in South Albury?

Accepted Answer

Renting in South Albury takes a large share of local incomes at the last Census for houses and a sizeable share for units. House rents average $495 a week, which is about 43.2% of a typical local household's weekly income at the last Census, while unit rents average $365 a week, about 31.8% of that income. If you're renting rather than buying, these rent shares are the figures that matter when you judge how expensive the suburb feels.

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 South Albury a good place to invest?

Accepted Answer

Over the past year the numbers for South Albury show modest movement on the house side and a stronger rise in unit rents. Median house values were up 3.9% and house rents rose 3.1% over the 12 months, so for houses capital growth slightly outpaced rental income. Unit rents climbed 5.8% over the year, a solid rise and the most pronounced movement among these figures.

If rental income is your priority, the unit rent change is the most relevant figure; if capital growth matters more, note the 3.9% increase in house values. Whether that mix suits your goals and circumstances is for you to weigh up.

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	3.9%	N/A
Sold Past 3 months	3	4
Median days on market Past 12 months	77	N/A
Average rent Past 12 months	$495	$365
Change in rent Past 12 months	3.1%	5.8%

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