
Regional WA · Albany
Albany, Australia's oldest European settlement in the west, is a historic port city where heritage architecture meets the rugged, beautiful coastline of the Great Southern region. It offers a relaxed, community-focused lifestyle with a backdrop of stunning harbours, national parks, and a thriving food and wine scene, making it a significant regional hub with a blend of historic charm and modern amenities.
Market snapshot
Price register · April 2026
Median house
$900,000 - $1.20M
Mid-band $1.05Mspread 29%
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Create Your Free ProfileLast reviewed 14 May 2026
Median unit
$700,000 - $950,000
Mid-band $825Kspread 30%
Days on market
~34-78 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
Private-treaty market
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
3.0% to 4.0%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+50% to +70%
cumulative since 2021Who buys here
Families and local upgraders · Retirees and downsizers · Lifestyle sea-changers from Perth
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
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.
Why a buyers agent
In Albany's fast-paced and competitive property market, buyers without local expertise are at a significant disadvantage. Properties, especially well-presented homes under the million-dollar mark, frequently sell before they are widely advertised, often through an agent's private network. A local buyer's agent has these crucial relationships and hears about opportunities first. They understand the nuances between suburbs like the historic town centre, beachside Middleton Beach, and family-oriented areas like Yakamia. Furthermore, with many properties attracting multiple offers, an experienced agent can craft a winning strategy that goes beyond just price, navigating the complexities of negotiation to secure your ideal home in this tightly-held regional city.
As Western Australia's oldest settlement, Albany offers a unique living experience with its beautifully preserved heritage buildings, historic port, and a vibrant city centre, all set against the stunning backdrop of the Southern Ocean.
The city is experiencing significant capital growth driven by high demand and low supply. This makes it an attractive proposition for both homeowners seeking equity growth and investors looking for strong returns and rental yields.
Enjoy a superior quality of life with pristine beaches, rugged coastlines, and national parks like Torndirrup at your doorstep. The region is a haven for outdoor enthusiasts, offering everything from hiking and fishing to exploring renowned wineries.
Albany functions as the commercial and administrative heart of the Great Southern region, boasting excellent schools, healthcare, shopping precincts, and transport links, providing all the amenities of a larger city with a relaxed, community feel.
Compare
| Metric | This suburbAlbany | NearbySpencer Park |
|---|---|---|
| Median house | $900,000 - $1.20M | $600,000 - $800,000 |
| Median unit | $700,000 - $950,000 | $375,000 - $500,000 |
| Auction clearance | — | — |
| Days on market | ~34-78 days | ~6-14 days |
| Year-on-year growth | +21% to +31% | +30% to +40% |
| 5-year growth | +50% to +70% | +81% to +101% |
| Rental yield | 3.0% to 4.0% | 4.1% to 5.1% |
| Postcode | 6330 | 6330 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
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.
Frequently asked
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 14 May 2026. Updated quarterly.
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