Albury-Wodonga, NSW-VIC border
The building industry has helped to advance the Albury-Wodonga economy in the last five years. Around $1 billion has been spent on construction in Albury and new land estates are common in the growing Wodonga municipality.
The twin cities draw value from other industries too, including manufacturing, 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.
This makes Albury-Wodonga 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.
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.
This report covers the suburbs of Albury, Baranduda, East Albury, Lavington, North Albury, South Albury, Thurgoona, West Albury, West Wodonga and Wodonga.