The month in review: Albury
By Herron Todd White
April, 2010
The Albury-Wodonga region and surrounds offer a
number of holiday spots or weekend getaways to enjoy.
The area’s variety of lifestyle activities, available all year
round, make this a popular place for people to live and
invest.
The Albury-Wodonga region is situated on the Murray
River midway between Sydney and Melbourne. The
region is easily accessible by road, rail and air, with
numerous regional main roads and highways radiating
from the Albury-Wodonga hub.
The region surrounding Albury-Wodonga provides a
variety of tourist attractions including the Rutherglen
wineries, the historic goldfield towns of Beechworth
and Yackandandah, the Hume weir, boating and fishing
on the many rivers and lakes. It is also within reasonable
driving distance of many of Australia’s snowfields.
For this reason property prices tend to remain stable in
the Albury-Wodonga region, with a steady increase over
time. This is as a result primarily of a sound economic and
employment base within the region.
Another destination within reasonable proximity to
Albury-Wodonga is Bright. Bright is situated approximately
120 kilometres by car from Albury-Wodonga and is most
commonly known by skiing fanatics as the gateway to the
Alpine region. However, Bright also is a popular weekend
location for a range of activities that are available when
the ski season of Mt Hotham is closed. These include;
bush walking, cross country mountain bike riding, motor
cycling touring and horse riding.
Due to the seasonal nature of the winter ski season,
property prices tend to fluctuate in this region and
therefore can become unpredictable at times, with longer
than normal selling periods required in some cases.
Entry level prices for a basic, established three-bedroom
dwelling range from about $300,000 to $350,000. Entry
level prices for an established two bedroom unit range
from approximately $180,000 to $250,000.
Finally, for the fishing enthusiasts out there, the Albury-
Wodonga region offers some of the best freshwater
fishing in Australia, with access to many rivers and
lakes. Apart from the obvious Murray River for chasing
the elusive Murray cod, two towns of particular note
which are popular for a weekend getaway for anglers
include Dartmouth (Dartmouth Dam) and Khancoban
(Khancoban Pondage). These towns are situated about
two hours’ drive from Albury-Wodonga and are extremely
popular for the keen fisherman chasing a trout or two. If
you speak to a local in these towns most wouldn’t want
you to know how good the fishing actually is! Entry level prices in these towns for an established three bedroom
dwelling range from approximately $120,000 to $150,000.
House prices in these towns generally remain stagnant
overtime, but nonetheless are at affordable entry level
prices for people searching for that little piece of serenity
or ‘down time’.
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