All About Lake Albert, Wagga Wagga, NSW, 2650
Lake Albert, a suburb in Wagga Wagga, New South Wales, is an appealing area known for its tranquil setting and community-centric lifestyle. The housing market in Lake Albert is characterized by a mix of properties, from modest family homes to more upscale residences, catering to a diverse range of buyer profiles. Over recent years, the market has seen a steady demand, driven largely by families and retirees drawn to the area's serene environment and proximity to essential amenities. With a combination of established homes and newer developments, the suburb offers competitive pricing compared to more urbanized areas, making it an attractive option for prospective homebuyers looking for a balance between affordability and quality of life.
Living in Lake Albert is marked by a strong sense of community and a laid-back atmosphere, making it an ideal place for those seeking a quieter pace of life. The suburb boasts scenic natural attractions, including the picturesque Lake Albert itself, which serves as a hub for outdoor activities such as fishing, picnicking, and walking trails. Residents enjoy access to local schools, parks, and shops, which contributes to a convenient and fulfilling lifestyle. The blend of natural beauty and community facilities makes Lake Albert not only a desirable place to live but also a promising area for investment, offering a harmonious lifestyle to its residents.
Household Makeup
| Median Weekly Rent | $325.41 |
| Median Monthly Mortgage | $1626.69 |
| Median Persons Per bed houseroom | 0.72 |
| Average Household Size | 2.62 |
| Average Age | 40.38 |
| Average Income | $879.59 |
| Average Cars Per Dwelling | 2.03 |
| Average Properties Within 50M | 6 |
| Typical 1 bed house | $422,000 |
| Typical 2 bed house | $463,000 |
| Typical 3 bed house | $529,000 |
| Typical 4 bed house | $782,000 |
| Typical 5 bed house | $1,025,000 |
| Typical 6 bed+ house | $1,284,000 |
Housing Stock
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Lake Albert Real Estate Market Outlook
Thinking about buying in Lake Albert? Now could not be a better time, with 3067 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $669,000 with prices in this suburb ranging from $45,000 to $17,546,000. The aproximate distance to the coast is 257 Km.
In Lake Albert there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Lake Albert is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Lake Albert leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Lake Albert to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Lake Albert the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationLocal Schools
Mater Dei Catholic College
Mater Dei Primary School
Lake Albert Public School
Kooringal Public School
Kooringal High School
Lutheran School Wagga Wagga
Wagga Wagga Christian College
Sacred Heart Primary School
Sturt Public School
(While the above schools are located with the suburb of Lake Albert there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Lake Albert weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 0.6 | 14.8 | 28.3 | 32.9 | 81.0 | 5.0 | 26.6 |
| Feb | 0.8 | 14.7 | 27.1 | 37.1 | 83.6 | 4.6 | 21.9 |
| Mar | 0.7 | 13.1 | 25.2 | 38.6 | 85.1 | 4.2 | 17.9 |
| Apr | 1.0 | 11.2 | 22.6 | 40.1 | 85.6 | 3.9 | 13.2 |
| May | 1.6 | 9.3 | 18.5 | 48.9 | 86.6 | 4.1 | 9.7 |
| Jun | 1.8 | 7.3 | 15.7 | 56.4 | 88.7 | 4.0 | 8.8 |
| Jul | 2.2 | 6.9 | 15.3 | 54.7 | 87.6 | 4.6 | 9 |
| Aug | 1.7 | 6.6 | 16.0 | 50.2 | 87.4 | 4.6 | 11.9 |
| Sept | 1.6 | 7.6 | 19.0 | 43.2 | 87.7 | 4.6 | 16.0 |
| Oct | 1.0 | 9.3 | 22.0 | 39.0 | 86.7 | 4.5 | 20.8 |
| Nov | 0.7 | 11.3 | 24.8 | 32.6 | 83.0 | 4.8 | 24.3 |
| Dec | 0.8 | 13.6 | 27.2 | 33.0 | 82.1 | 4.9 | 26.3 |
source: Australian Government Bureau of Meteorology
General Points of Interest
Lake Albert Golf Club - Greater then 10KM
Pink Lake Lookout - Greater then 10KM
Nearby Suburbs
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