Suburb Profile Report for Lake Albert NSW (2650)

Lake Albert House: Median price $344,000, Annual capital growth 2.76%, Number of sales 119, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Lake Albert has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.71% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lake Albert has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Lake Albert should be aiming for at least -4.44% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 119 properties changed hands in Lake Albert, which puts it as the 203th most active market in NSW when comparing the number of sales per suburb.

Advertised rents are around the $350 mark per week – giving a return of 5.29% based on the median price in Suburb

Metrics i HOUSE UNIT
$344,000 N/A
-9.17% N/A
-1.71% N/A
2.76% N/A
$350 N/A
119 N/A
5.29% N/A
82.93 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 5881
Median household income ($/weekly) 1436
Median age of persons 38
Median housing loan repayment ($/monthly) 1707
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 865 14.7
    25-34 years 580 9.9
    35-44 years 742 12.6
    45-54 years 846 14.4
    55-64 years 878 14.9
    Others 1969 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 2486 59.2
    Not Married 1409 33.6
    Defacto Relationship 304 7.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 5243 92.9
    New Zealand 25 0.4
    Papua New Guinea 48 0.9
    United Kingdom 129 2.3
    Other 49 0.9
    Others 148 2.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 38 0.7
    Christianity 4668 84.5
    Hinduism 13 0.2
    Other Religious Groups 17 0.3
    No Religion 781 14.1
    Others 7 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 169 9.4
    $800-$999 162 9.0
    $1,250-$1,499 182 10.2
    $1,500-$1,999 267 14.9
    $2,000-$2,499 225 12.6
    Others 786 43.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1911 42.8
    Not in the labour force 1307 29.3
    Employed, worked part-time 924 20.7
    Employed, away from work 201 4.5
    Unemployed, looking for work 123 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 389 12.8
    Professionals 627 20.6
    Technicians & trades workers 471 15.5
    Clerical & administrative workers 473 15.6
    Sales 347 11.4
    Others 732 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 117 7.4
    Infants/Primary 574 36.4
    Secondary 496 31.5
    Technical or Further Educational Institution 170 10.8
    University or other Tertiary Institutions 193 12.2
    Others 26 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5371 97.1
    Semi-detached, row or terrace house, townhouse 78 1.4
    Flat, unit or apartment 77 1.4
    Improvised home, tent, sleepers out 3 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 834 42.3
    Fully owned 799 40.5
    Rented 333 16.9
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals