The month in review: Albury

By Herron Todd White
October, 2009

The residential sector within the Albury-Wodonga regional area is generally a more affordable option in terms of property investment. However, as with many other regional centres, there are particular pockets and outer lying areas where the market has become stagnant
and generally remained the same over the past twelve months. These pockets are generally situated in lower socio-economic areas, which in most cases is located in older well established suburbs. The typical house in theses areas is a circa 1960’s style clad dwelling with three bedrooms and one bathroom. Furthermore, in most cases the dwelling is generally in original condition and may require further refurbishment works. Such areas include; Springdale Heights and Lavington in the northern suburbs of Albury and certain areas of West Wodonga.

Additionally, with the completion of the Albury Hume Freeway bypass, properties situated within close proximity to this corridor may be subject to noise intrusion, particularly during peak periods. And therefore, this may be a further area to avoid as the future marketability may be reduced as a result of environmental concerns (traffic noise emissions). The 17 kilometre Albury-Wodonga Hume Freeway opened to traffic in March 2007. The new route links the Hume Freeway in Wodonga with the Hume Highway at Ettamogah, North of Albury. Certain areas / pockets which are situated within close proximity (within 500 metres) to the Hume Freeway include; East Albury,
South Albury and North Albury.

Please note that information in this publication is subject to change without notice. Smartline assumes no responsibility for any errors, omissions or mistakes in this document. © 2008 Smartline Home Loans P/L. ABN 38 085 370 270