Albury Property Market Update 2nd Half 2025
Albury is a major regional city that in the Murray region of New South Wales, with an urban population of 53,667 as of 2021 ABS Census. Albury is the major manufacturing, retail, commercial, and administrative and cultural centre of the region, modern and vibrant with a strong business growth and development.
Property Trends
In Q2 2025, Albury recorded a median house price of $600,000 and a median vacant land price of $210,000. This represents an annual (Q2 2024 – Q2 2025) median price growth of 4.3% for houses, accompanied by a -5.1% decline in house sales (to 244 sales in Q2 2025). The vacant land market has become more affordable, however there were only 29 sales in Q2 2025. There is an undersupplied house market in Albury, which has created a buffer against higher interest rates, thus more price growth. This suggests an ideal time for owners to capitalise on their investment. With very little new houses planned in 2025 buyers must act fast, before there is further price growth.
Project Development
Albury will see approximately $230.4M of new projects commencing in 2025. Although there are 48 units, 6 townhouses, 4 dwellings, and 556 lots planned; the number of ready-to-sell stock is limited and not enough to answer demand. A key infrastructure project is Albury Wodonga Regional Hospital Early Works 1 - Northeast Building. An initiative from the New South Wales State Government, this will improve health services.
Rental Market & Growth
House rental yields in Albury were 4.0% as of June 2025, higher than Sydney Metro (2.7%). This is paired with a 2.2% growth in median house rental price in the past 12 months to Q2 2025, at $560 per week; and a -12.0% decline (to 198 rentals in Q2 2025) in the number of houses rented. The unit market showed the same pattern of higher rent and fewer units rented. These indicators confirm an undersupplied rental market in Albury, which is beneficial to investors.
Vacancy Rates & Property Investment
Albury recorded a vacancy rate of 1.0% in June 2025, on par with Albury LGA’s 1.1% average but below Sydney Metro’s 1.6%. Vacancy rates have slightly decreased in the past 12 months, which suggest an even tighter rental market. Further, a 1.0% vacancy rate is well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, thus quicker occupancy of rental properties. This suggests a sustainable investment environment. With a more affordable entry price compared to Sydney Metro, Albury is an attractive investment alternative for investors.
