Lake Albert (NSW)

Lake Albert is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

The population of the suburb of Lake Albert (NSW) is estimated to be around 6,325 as of Feb 2026. This estimate reflects an increase of 34 people since the 2021 Census, which reported a population of 6,291. The change is inferred from AreaSearch's resident population estimate of 6,224 based on the latest ERP data release by the ABS in June 2024 and an additional 106 validated new addresses since the Census date. This level of population results in a density ratio of 257 persons per square kilometer. Population growth was primarily driven by natural growth, contributing approximately 55% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered by this data, NSW State Government's SA2 level projections released in 2022 with 2021 as the base year are used. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. According to these projections, the suburb's population is expected to decline by 398 persons by 2041. However, growth across specific age cohorts is anticipated, with the 85 and over age group projected to grow by 193 people.

AreaSearch assessment of residential development drivers sees a low level of activity in Lake Albert, placing the area among the bottom 25% of areas assessed nationally

Based on AreaSearch analysis of ABS building approval numbers, Lake Albert has recorded around 12 residential properties granted approval each year. Over the past five financial years, from FY-21 to FY-25, approximately 64 homes were approved, with an additional 10 approved so far in FY-26. Despite a declining population, housing supply has remained adequate relative to demand, creating a balanced market with good buyer choice.

The average construction value of new properties is $564,000, indicating that developers are targeting the premium market segment. In FY-26, commercial approvals totaling $700,000 have been registered, reflecting the area's residential nature. Compared to Rest of NSW, Lake Albert has significantly less development activity, 59.0% below the regional average per person. This scarcity typically strengthens demand and prices for existing properties, although building activity has accelerated in recent years. Recent construction comprises 93.0% standalone homes and 7.0% medium and high-density housing, preserving Lake Albert's low density nature and attracting space-seeking buyers.

With around 248 people per approval, the area reflects a low density population. Population projections showing stability or decline should reduce housing demand pressures in Lake Albert, benefiting potential buyers.

Lake Albert has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 13 projects likely affecting the area. Notable ones include Lake Albert Manors, Riverina Intermodal Freight and Logistics (RiFL) Hub, Lake Albert Pipeline and Precinct Renewal, and Lake Albert Plan of Management 2025-2035. The following list details those most relevant.

Professional plan users can use the search below to filter and access additional projects.

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Lake Albert ranks among the top 25% of areas assessed nationally for overall employment performance

Lake Albert has a skilled workforce with essential services sectors well represented. The unemployment rate was 1.8% in the past year, with an estimated employment growth of 4.7%. As of September 2025, 3,255 residents are employed, and the unemployment rate is 2.1% lower than Rest of NSW's rate of 3.8%.

Workforce participation is similar to Rest of NSW at 64.9%. According to Census responses, 10.0% of residents work from home. Leading employment industries include health care & social assistance, construction, and education & training. Construction has particularly notable concentration with employment levels at 1.3 times the regional average.

Agriculture, forestry & fishing is under-represented with only 2.9% of Lake Albert's workforce compared to Rest of NSW's 5.3%. The area offers limited local employment opportunities as indicated by Census data. Between September 2024 and September 2025, employment levels increased by 4.7%, labour force by 5.2%, resulting in an unemployment rise of 0.5 percentage points. In contrast, Rest of NSW experienced employment decline of 0.5% and labour force decline of 0.1%. Jobs and Skills Australia's national employment forecasts from May-25 suggest that Lake Albert's employment should increase by 6.5% over five years and 13.6% over ten years based on industry-specific projections applied to the local employment mix.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

The suburb of Lake Albert has a median taxpayer income of $57,731 and an average income of $70,375 based on the latest postcode level ATO data aggregated by AreaSearch for the financial year 2023. This is higher than national averages, which are $52,390 (median) and $65,215 (average) in Rest of NSW. By September 2025, estimated median income would be approximately $62,846 and average income would be around $76,610, factoring an 8.86% growth since financial year 2023. Lake Albert's incomes cluster around the 63rd percentile nationally, with a predominant cohort of 33.8% (2,137 people) earning between $1,500 and $2,999 per week. This pattern is also seen in surrounding regions where 29.9% fall within this income range. After housing costs, residents retain 89.1% of their income, indicating strong purchasing power. The area's SEIFA income ranking places it in the 6th decile.

Lake Albert is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

The latest Census data shows that Lake Albert's dwelling structures were 95.7% houses and 4.3% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Non-Metro NSW had 82.6% houses and 17.4% other dwellings. Home ownership in Lake Albert was at 43.5%, with mortgaged dwellings at 39.8% and rented ones at 16.7%. The median monthly mortgage repayment in the area was $1,625, lower than Non-Metro NSW's average of $1,733. The median weekly rent figure was recorded at $340, compared to Non-Metro NSW's $330. Nationally, Lake Albert's mortgage repayments were significantly lower than the Australian average of $1,863, while rents were less than the national figure of $375.

Lake Albert features high concentrations of family households, with a higher-than-average median household size

Family households constitute 77.3% of all households, including 34.1% couples with children, 33.0% couples without children, and 9.4% single parent families. Non-family households account for the remaining 22.7%, with lone person households at 20.7% and group households comprising 2.0%. The median household size is 2.6 people, larger than the Rest of NSW average of 2.4.

Lake Albert performs slightly above the national average for education, showing competitive qualification levels and steady academic outcomes

The area's university qualification rate stands at 21.5%, significantly lower than the NSW average of 32.2%. This disparity presents both a challenge and an opportunity for targeted educational initiatives in the region. Bachelor degrees are the most common, with 15.0% of residents holding them, followed by postgraduate qualifications (3.8%) and graduate diplomas (2.7%). Vocational credentials are prevalent among residents aged 15+, with 41.3% holding such qualifications, including advanced diplomas (11.2%) and certificates (30.1%).

Educational participation is notably high, with 28.2% of residents currently enrolled in formal education, comprising 10.5% in primary education, 9.3% in secondary education, and 3.2% pursuing tertiary education.

Transport servicing is moderate compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Lake Albert has 45 active public transport stops, all of which are bus stops. These stops are served by 53 different routes that together facilitate 1,984 weekly passenger trips. The area's transport accessibility is rated as good, with residents on average located 330 meters from the nearest stop. Most residents commute outward due to Lake Albert being primarily residential. Cars remain the dominant mode of transport at 96%. Vehicle ownership averages 1.8 per dwelling, which is above the regional average.

According to the 2021 Census, only 10% of residents work from home, a figure that may reflect COVID-19 conditions. On average, there are 283 trips per day across all routes, equating to approximately 44 weekly trips per individual stop.

Lake Albert's residents are relatively healthy in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts

Lake Albert's health metrics closely align with national benchmarks, as assessed by AreaSearch using mortality rates and chronic condition prevalence. Common health conditions are seen across both young and old age cohorts at a standard level.

Private health cover is found to be high, with approximately 55% of the total population (~3,462 people), compared to 51.9% across Rest of NSW. The most prevalent medical conditions are asthma (affecting 9.8% of residents) and arthritis (9.6%), while 63.9% declare themselves completely clear of medical ailments, similar to the 63.3% in Rest of NSW. Working-age residents show a higher prevalence of chronic health conditions than average. The area has 24.6% of residents aged 65 and over (1,555 people), higher than the 23.4% in Rest of NSW. Health outcomes among seniors are above average, with national rankings even higher than those of the general population.

The latest Census data sees Lake Albert placing among the least culturally diverse areas in the country when compared across a range of language and cultural background related metrics

Lake Albert, surveyed in 2016, had a population where 93.2% were born in Australia, 94.5% held citizenship, and 97.0% spoke English exclusively at home. Christianity was the dominant religion, practised by 68.7%, compared to 55.9% regionally. Ancestry-wise, Australians made up 31.8%, followed by English (31.3%) and Irish (10.6%).

Notably, Scottish ancestry was higher at 9.3% versus the regional average of 8.0%. Similarly, German ancestry was higher at 4.1% compared to 3.1% regionally, while Australian Aboriginal ancestry was lower at 3.4% against a regional average of 4.6%.

Lake Albert hosts a notably older demographic compared to the national average

Lake Albert has a median age of 43, which matches the figure for the Rest of NSW and is higher than the national average of 38 years. The age distribution shows that individuals aged 15-24 make up 12.2% of the population, making them particularly prominent, while those aged 55-64 comprise only 11.2%, which is smaller compared to the Rest of NSW figure. Between the August 2021 Census and the latest data, the proportion of individuals aged 25-34 has increased from 10.0% to 11.6%, while those aged 75-84 have risen from 7.3% to 8.5%. Conversely, the percentage of individuals aged 5-14 has decreased from 14.3% to 12.5%, and the proportion of those aged 55-64 has fallen from 12.7% to 11.2%. Looking ahead to 2041, demographic projections indicate significant shifts in Lake Albert's age structure. The number of individuals aged 85 and above is expected to grow by 88%, reaching 369 people from the current figure of 196. Notably, all population growth in the area will be attributed to the combined age groups of 65 and above, reflecting the aging demographic profile of Lake Albert. In contrast, the age cohorts of 25-34 and 0-4 are projected to experience population declines.