South Albury (postcode 2640) is a close-knit residential community in New South Wales within the Albury local government area. The area has roughly 1,372 residents and an established demographic, with a median age of 40. Households earn a median income of $60K per year, with an average household size of 1.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
The median house price in South Albury is $1.1 million, having risen steeply by 44.8% over the past year. Units have a median price of $415,000 (+37% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,408.
Public transport access includes 29 bus stops. The crime rate in the Albury LGA is moderate at 6,374 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.6%, which reads as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 17.6x is considered stretched. House prices have moved +44.8% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.