Time To Investigate Lavington, Albury

Suburb Details:

Following an email from a subscriber, I decided to look into the suburb of Lavington in Albury, New South Wales. Since 2021 this suburb has grown about 45% (according to SQM) which is significant growth however that does not mean that it will stop growing. There aren’t many opportunities however for the shrewd and patient investor they can purchase a property in this suburb for under $500,000. The data is definitely not ideal but this is one suburb to watch closely as the stock available for this suburb is incredibly low which can have serious flow on effect.

Key Data Metrics

Location & Infrastructure

Lavington is a suburb of Albury in New South Wales, located approximately 5 kilometres north of the Albury city centre. The suburb is primarily residential, with a mix of established homes and newer developments. Lavington features a range of key infrastructure, including the Lavington Square Shopping Centre, which offers a variety of retail stores, supermarkets, and dining options. The area is well-served by public transport, with regular bus services connecting it to central Albury and surrounding suburbs. Educational facilities in Lavington include Lavington East Public School, Holy Spirit Primary School, and Murray High School. Healthcare needs are met by local medical clinics, and the nearby Albury Base Hospital provides comprehensive medical services. Additionally, Lavington offers several parks, sports clubs, and recreational facilities, making it a convenient and well-equipped suburb for its residents.

Other Important Factors:

Days on market is increasing in Lavington which indicates that properties are taking longer to sell leading to less pressure in the housing market. However stock on market is incredibly low and continues to trend down. If these keeps trending down the days on market will eventually start trending down.

Rental yields are neither good nor bad, if you purchase a property in Lavington you will be negatively geared assuming a 12% deposit. Rents have been growing steadily around 4% annually, as the stock on market tightens and vacancy remains low I would expect rents to keep rising.

The economy is fairly diverse with health care and retail trade dominating the area. Building approvals are low within Albury and incredibly low within Lavington. This will create housing pressure in the foreseeable future despite the available developable land surrounding the suburb.

Nearby Major Projects:

• Albury Major Projects - Link

• Wodonga Major Projects - Link

• Beveridge to Albury Inland Rail - Link

Example Property:

_{*Note: These calculations are purely estimations, but overall numbers will vary depending on your deposit, interest rates and other factors.}

Pro’s Of Investing In Lavington

• Low building approvals within Lavington and Albury.

• A number of infrastructure projects happening driving demand up.

• Easy access to airport & only 10 minutes to town centre.

• Days on market is average however supply is incredibly low → Monitor the data.

Con’s Of Investing In Lavington

• Low rental yields → Property will be negatively geared.

• Rising days on market → monitor the trend.

• Not many opportunities of properties under $500k.

• >8% 10 year %(pa) change.

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_{Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended as financial, legal, or professional advice. Always do your own research and consult with a qualified professional before making any decisions. The opinions expressed here are solely those of the speaker and do not reflect the opinions or views of any other organization. By using this information, you agree that the creator of this content is not responsible for any financial or other losses you might incur.}