Albany Property Market & Buyers Agents 2026

The Albany property market has demonstrated remarkable strength and resilience, positioning it as one of Western Australia's most robust regional centres. As of early 2026, the market is characterised by strong capital appreciation, with median house prices experiencing significant year-on-year growth of 26.0%. This surge is underpinned by a classic supply and demand imbalance. A consistent influx of buyers, including local upgraders, sea-changers from Perth, and post-harvest farming families, is competing for a tightly held and limited housing stock. This intense demand has compressed the time properties spend on the market, with homes selling rapidly, often with multiple offers.

The demand is fueled by Albany's compelling lifestyle proposition - a blend of coastal beauty, heritage charm, and comprehensive amenities - and its relative affordability compared to metropolitan markets. However, this rapid price escalation is creating affordability challenges, particularly for first-home buyers. Government assistance schemes with price caps around $600,000 are becoming less effective as the median house price pushes well beyond this level. The rental market is similarly strained, with vacancy rates plummeting to as low as 0.3%, far below the 2.5-3.5% range considered a balanced market. This has driven strong rental price growth, with median rents increasing by over 10% in the past year, offering solid yields for investors who can enter the market. Looking forward, with limited new land releases and a constrained pipeline for new builds, the pressure on established housing is expected to continue, suggesting that price and rent growth will remain a key feature of the Albany market.

Albany, a historic city on the south coast of Western Australia, is defined by its stunning natural harbours, rich heritage, and vibrant community life. As the state's earliest European settlement, its streets, particularly York Street and Stirling Terrace, are lined with impressive colonial architecture housing modern boutiques, cafes, and galleries.

The city is well-serviced for education, with a range of public and private schools. Primary schools include Albany Primary School, Spencer Park Primary, and Mount Lockyer Primary. For secondary education, options include Albany Senior High School and North Albany Senior High School, alongside K-12 institutions like Australian Christian College and Great Southern Grammar.

Public transport is managed by TransAlbany, with multiple bus routes connecting the city centre to surrounding suburbs like Mount Lockyer, Bayonet Head, and Emu Point. For longer journeys, Transwa operates daily coach services to Perth.

Shopping needs are met by a combination of the central business district and several larger centres. Albany Plaza is a major hub featuring Kmart, Coles, and Aldi, while other precincts include Chester Pass Mall with Woolworths and Bunnings, and Brooks Garden Shopping Centre. The city also boasts a popular Saturday Farmer's Market, renowned for its fresh, local produce.

Recreation is a cornerstone of Albany life, with an abundance of parks and natural attractions. The city is a gateway to several national parks, including the dramatic Torndirrup National Park, home to The Gap and Natural Bridge, and Two Peoples Bay National Park. Within the city, Eyre Park, Middleton Beach Park, and the Anzac Peace Park provide ample green space for families and community events.