Albury Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW In Q4 2024, Albury* recorded a median house price of $602,000 and a median vacant land price of $255,000. This represents stable median price growth for houses in the past 12 months to Q4 2024, and a slight softening of -1.9% for vacant land. Comparing Q4 2023 and Q4 2024, house sales remained relatively stable, at 296 sales, but land sales declined significantly by -27.1% (to 35 sales). There is a tightly held house market in Albury*, and the temporary stable price growth creates a window of opportunity for first-home buyers. That said, most of the planned supply in 2025 is vacant land, requiring time for construction. Thus, buyers need to act fast before further price growth occurs.
CHANGE FROM LAST
YEAR
Albury£ will see approximately $922.8M of new projects commencing in 2025. Commercial Residential
$47.4M
Industrial
$23.8M
$69.4M
Mixed-Use
HALF YEAR
Projects
$215.0M
HOUSE SALE S
Infrastructure
$567.3M
HOUSE ME DIAN PRICE HOUSE RE NTAL PRICE
A key infrastructure project is Albury Wodonga Regional Hospital Stages 1-3. An initiative from the NSW State Government, this will build a new 7 storey Clinical Services Building.
LAND SALE S LAND ME DIAN PRICE
Residential projects include:
$ MARKET CONDITIONS MEDIAN PRICE Q4 2024
$602K
$255K
MEDIAN PRICE Q4 2024
$550
SALES
AVERAGE DAYS ON MARKET Q4 2024
60
68
HOUSE
L A N D
RENTALS
$380
•
481-487 Swift Street mixed-use development (32 apartments)
•
710 Riverina Highway & Knoble Rd Subdivision (198 lots)
•
Kensington Gardens Thurgoona Stage 10 (22 dwellings).
Although there are several mixeduse and residential projects in the pipeline, the number of ready-tosell stock planned is still not enough to answer demand. An undersupply will continue to exist, which will push up prices for all stock types.
AVERAGE DAYS ON MARKET Q4 2024
19
13
HOUSE
U N I T
34 Units/ Apartments
6 Townhouses
26 Dwellings
734 Lots