Albury-Wodonga, NSW-VIC border
Affordability and above-average rental returns are part of Albury-Wodonga’s appeal for investors. The strength of the local economy, which underpins its real estate market, is another positive factor.
The Albury-Wodonga region has been dubbed The Murray Food Bowl but, unusually for an Australian inland city, it is not dependent on agriculture for the health of its economy.
The twin cities have strong sectors in manufacturing, construction, government administration, education, defence and retail. Many national businesses, as well as the Australian Taxation Office, are based there while the Defence Force has recently engaged TAFE Victoria in an extensive training program for its personnel.
Albury is a growth centre serving a region that is rich in crops, cattle, wine and history. Wodonga, once considered the poor cousin to Albury, is growing strongly and is a venue for new development.
Albury-Wodonga appeals as one of Australia’s strongest regional economies, with great diversity and the presence of numerous national and international businesses, attracted by its strategic location and good rail and road links.
This report covers the suburbs of Albury, Baranduda, East Albury, Lavington, North Albury, South Albury, Thurgoona, West Albury, West Wodonga and Wodonga.