Suburb Profile Report for Lake Albert NSW (2650)

Lake Albert House: Median price $345,000, Annual capital growth 2.86%, Number of sales 120, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report

Lake Albert is in the bottom 10% in NSW when comparing median price capital growth over the last year. Lake Albert gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.36%.

Over the longer term, Lake Albert has seen property prices show investors a 9.52% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Lake Albert is $345000, with sellers offering an average of -3.87% off the asking price.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 5.43%, without taking into account capital value appreciation, which has been averaging out at 2.86%.

Metrics i HOUSE UNIT
$345,000 N/A
0.66% N/A
-3.36% N/A
2.86% N/A
$360 N/A
120 N/A
5.43% N/A
80.88 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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