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Lake Albert
AREA REPORTS

Lake Albert

Lake Albert - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2650

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A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 2.82% growth over a ten-year period. It ranks 2846th on our list of suburbs that property investors should look into.

LAKE ALBERT, 2650 has a capital gain of 0% for the past year, which is lower than average compared to its 17.4% growth within a five-year period.

With the median home price in LAKE ALBERT sitting at $415,000, and the average rent at $370, property owners could potentially earn a 4.64% 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 (C).

Data report can be found below

Lake Albert
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $415,000 N/A
GROWTH REPORT
Median Quarterly 0.61% N/A
Median 12 month 0% N/A
Median 3 years 18.57% N/A
Median 5 years 17.4% N/A
10 years average annual 2.82% N/A
Weekly media advert. rent $370 N/A
Time on Market 72.5 days N/A
Gross Rental Yield Percent 4.64% N/A
demographics (median values)*
Total Population
56974
Weekly Household Income
1349
Household Size
2.50
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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