Albury Property Market Update 2nd Half 2026
Albury is a major regional city 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 2026, Albury recorded a median house price of $710,250 and a median vacant land price of $390,000. This is an annual (Q2 2025 – Q2 2026) median price growth of 13.0% for houses and 51.0% for land. During this time, sales decreased by -30.7% for houses (to 224 sales) and -57.4% for land (to 29 sales), which indicates an undersupply, especially in the land market. Despite higher interest rates in 2026, continued supply constraint is supporting ongoing price growth. Thus, now remains an ideal time for owners to capitalize on their investments. Moreover, with limited new stand-alone houses planned for 2026, buyers must act fast before property prices increase further.
Project Development
Albury will see approximately $109.2M of new projects commencing in 2026. While there are several projects in the pipeline, the number of ready-to-sell stock planned (47 units, 6 dwellings, and 161 vacant land lots) is insufficient to answer demand (224 house sales in Q2 2026). There are 161 land lots planned, however building into ready-to-sell stock will take time. The ongoing undersupply will remain, pushing up property price.
Rental Market & Growth
House rental yield in Albury was 3.6% as of June 2026, on par with Albury LGA (3.8%) and much higher than Sydney Metro (3.0%). This was paired with a stable median house rental price in the past 12 months to Q2 2026, at $550 per week; along with a -29.2% decline (to 243 rentals in Q2 2026) in the number of houses rented. There is a high demand for house rentals in Albury. This benefits investors; especially those looking for a more affordable option to Sydney Metro.
Vacancy Rates & Property Investment
Albury recorded a vacancy rate of 1.1% in June 2026, slightly lower to Albury LGA’s 1.2% average and below Sydney Metro’s 1.6%. Vacancy rates have increased in the past 12 months, due to invertors re-entering the market. However, a 1.1% vacancy rate is still well below the Real Estate Institute of Australia’s healthy benchmark of 3.0%, which indicates quicker occupancy of rental homes in Albury. This suggests a sustainable investment environment, even if the median house sales price (thus, entry price) have increased in the past 12 months to Q2 2026.
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