Lake Albert

POSTAL CODE: NSW, 2650

HOUSE

Property investors enjoyed capital gains of 6.57% over the last 12 months in LAKE ALBERT, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.36% growth over a ten-year period. It ranks 1672nd on our list of suburbs that property investors should look into.

LAKE ALBERT, 2650 has a capital gain of 6.57% for the past year, which is lower than average compared to its 67.15% growth within a five-year period.

With the median home price in LAKE ALBERT sitting at $689,500, and the average rent at $560, property owners could potentially earn a 4.22% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in LAKE ALBERT are low, as opposed to average gains per annum over the past five years.

LAKE ALBERT, 2650 in NSW belongs to the local government area of Wagga Wagga.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$689,500	N/A
Growth Report
Median Quarterly	-0.36%	N/A
Median 12 month	6.57%	N/A
Median 3 years	25.36%	N/A
Median 5 years	67.15%	N/A
10 years average annual	7.36%	N/A
Weekly media advert. rent	$560	N/A
Time on Market	72.1 days	N/A
Gross Rental Yield Percent	4.22%	N/A

Demographics (Median Values)*

Total Population 56974

Weekly Household Income 1349

Household Size 2.50

Average Age 36

Monthly Loan Repayment 1521

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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