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

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch since the Census, Lake Albert's population is estimated at around 6,343 as of November 2025. This reflects an increase of 52 people (0.8%) since the 2021 Census, which reported a population of 6,291 people. The change is inferred from the resident population of 6,252 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 82 validated new addresses since the Census date. This level of population equates to a density ratio of 258 persons per square kilometer. Lake Albert's 0.8% growth since census positions it within 2.7 percentage points of the SA3 area (3.5%), demonstrating competitive growth fundamentals. Population growth for the suburb was primarily driven by natural growth that contributed approximately 55.00000000000001% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the NSW State Government's SA2 level projections, as released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are also applied to all areas for years 2032 to 2041. Looking at population projections moving forward, over this period, projections indicate a decline in overall population, with the suburb's population expected to shrink by 385 persons by 2041 according to this methodology. However, growth across specific age cohorts is anticipated, led by the 85 and over age group, which is projected to grow by 194 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

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, shows Lake Albert has recorded around 14 residential properties granted approval each year. Over the past 5 financial years, between FY-21 and FY-25, approximately 72 homes were approved, with an additional 8 approved so far in FY-26.

Despite recent population decline, housing supply has remained adequate relative to demand, resulting in a balanced market with good buyer choice. The average construction value of new properties is $564,000, slightly above the regional average, indicating a focus on quality developments. Compared to Rest of NSW, Lake Albert has significantly less development activity, 54.0% below the regional average per person. This constrained new construction typically reinforces demand and pricing for existing homes, though recent periods have seen an increase in development activity. Nationally, Lake Albert's development activity is also lower, reflecting market maturity and possible development constraints.

Recent construction comprises 94.0% standalone homes and 6.0% medium and high-density housing, preserving the area's low density nature and attracting space-seeking buyers. With around 316 people per approval, Lake Albert reflects a low density area. Given stable or declining population forecasts, Lake Albert may experience less housing pressure in the future, creating favourable conditions for buyers.

Lake Albert has strong levels of nearby infrastructure activity, ranking in the top 40% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 13 projects likely to affect 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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AreaSearch analysis of employment trends sees Lake Albert performing better than 85% of local markets assessed across Australia

Lake Albert has a skilled workforce with notable representation in essential services sectors. The unemployment rate was 1.9% as of June 2025, lower than the Rest of NSW's rate of 3.7%.

Employment growth over the past year was estimated at 8.6%, based on AreaSearch aggregation of statistical area data. There were 3,271 residents employed in June 2025, with a workforce participation rate of 63.7%, higher than Rest of NSW's 56.4%. Key employment industries include health care & social assistance, construction, and education & training. Construction stands out with employment levels at 1.3 times the regional average.

Conversely, agriculture, forestry & fishing is under-represented, with only 2.9% of Lake Albert's workforce compared to 5.3% in Rest of NSW. Employment opportunities locally may be limited as suggested by the Census working population vs resident population count. Between June 2024 and June 2025, employment levels increased by 8.6%, labour force grew by 9.2%, resulting in an unemployment rate rise of 0.6 percentage points. In contrast, Rest of NSW saw employment decline of 0.1% and labour force growth of 0.3%, with a 0.4 percentage point rise in unemployment. Jobs and Skills Australia's national employment forecasts from Sep-22 project national employment growth at 6.6% over five years and 13.7% over ten years, but growth rates vary significantly between industry sectors. Applying these projections to Lake Albert's employment mix suggests local employment should increase by 6.5% over five years and 13.6% over ten years, based on a simple weighting extrapolation for illustrative purposes.

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

Lake Albert had a median taxpayer income of $57,731 and an average of $70,375 according to postcode level ATO data aggregated by AreaSearch for the financial year 2022. This was higher than national averages, contrasting with Rest of NSW's median income of $49,459 and average income of $62,998. By September 2025, estimates suggest a median income of approximately $65,011 and an average of $79,249 based on Wage Price Index growth of 12.61% since the financial year 2022. Census data indicates that incomes in Lake Albert cluster around the 63rd percentile nationally. The predominant income cohort spans 33.8% of locals (2,143 people) with incomes between $1,500 and $2,999, similar to surrounding regions where 29.9% fall within this range. After housing costs, residents retain 89.1% of their income, reflecting 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

Lake Albert's housing stock, as recorded in the latest Census, consisted of 95.7% houses and 4.3% other dwellings such as semi-detached homes, apartments, and 'other' dwellings. This compares to Non-Metro NSW's 88.4% houses and 11.7% other dwellings. Home ownership in Lake Albert stood at 43.5%, with mortgaged properties making up 39.8% and rented dwellings accounting for 16.7%. The median monthly mortgage repayment was $1,625, higher than Non-Metro NSW's average of $1,430. The median weekly rent in Lake Albert was $340, compared to $280 in Non-Metro NSW. Nationally, Lake Albert's mortgage repayments were lower at $1,625 compared to the Australian average of $1,863, and rents were also lower at $340 versus the national figure of $375.

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

Family households account for 77.3% of all households, consisting of 34.1% couples with children, 33.0% couples without children, and 9.4% single parent families. Non-family households make up 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, which is larger than the Rest of NSW average of 2.5.

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

The area's university qualification rate is 21.5%, considerably lower than NSW's average of 32.2%. Bachelor degrees are the most common at 15.0%, followed by postgraduate qualifications (3.8%) and graduate diplomas (2.7%). Vocational credentials are prevalent, with 41.3% of residents aged 15+ holding them, including advanced diplomas (11.2%) and certificates (30.1%). Educational participation is high at 28.2%, comprising 10.5% in primary, 9.3% in secondary, and 3.2% in tertiary education.

Lake Albert's three schools have a combined enrollment of 1,511 students, with typical Australian school conditions (ICSEA: 1036) and balanced educational opportunities. The area has two primary and one secondary school serving distinct age groups, functioning as an education hub with 23.8 school places per 100 residents, significantly higher than the regional average of 15.3, attracting students from surrounding communities.

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

Lake Albert has 38 active public transport stops, offering a mix of train and bus services. These stops are served by 52 individual routes, facilitating 577 weekly passenger trips in total. Transport accessibility is rated as good, with residents on average located 330 meters from the nearest stop.

The service frequency averages 82 trips per day across all routes, equating to approximately 15 weekly trips per stop.

Health performance in Lake Albert is lower than average with common health conditions somewhat prevalent across both younger and older age cohorts

Lake Albert faces significant health challenges with common health conditions prevalent across both younger and older age cohorts. Approximately 55% of Lake Albert's total population (~3472 people) has private health cover, compared to 51.4% across Rest of NSW.

The most common medical conditions are asthma (9.8%) and arthritis (9.6%), while 63.9% of residents report no medical ailments, compared to 64.5% in Rest of NSW. Lake Albert has a higher proportion of seniors aged 65 and over at 24.4% (1547 people), compared to 19.6% in Rest of NSW. Health outcomes among seniors in Lake Albert are above average, performing better than the general population in health metrics.

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 predominant religion, practiced by 68.7%, compared to 64.3% regionally. The top three ancestry groups were Australian (31.8%), English (31.3%), and Irish (10.6%).

Notably, Scottish ancestry was higher than average at 9.3%, while German was slightly above regional levels at 4.1%. Australian Aboriginal ancestry was lower than the regional average, at 3.4% compared to 4.5%.

Lake Albert hosts an older demographic, ranking in the top quartile nationwide

Lake Albert has a median age of 43, matching Rest of NSW's figure and exceeding the national average of 38 years. The age distribution shows that individuals aged 15-24 make up 12.4% of the population, while those aged 55-64 constitute 11.3%, which is smaller than in Rest of NSW. Between the 2021 Census and now, the 25 to 34 age group has increased from 10.0% to 11.2%, and the 75 to 84 cohort has grown from 7.3% to 8.4%. Conversely, the 5 to 14 age group has decreased from 14.3% to 12.8%, and the 55 to 64 group has dropped from 12.7% to 11.3%. Looking ahead to 2041, demographic projections indicate significant shifts in Lake Albert's age structure. The 85+ age group is expected to grow by 96 people, reaching 373 from 190. Notably, the combined 65+ age groups will account for 94% of total population growth, reflecting the area's aging demographic profile. In contrast, the 0 to 4 and 65 to 74 cohorts are projected to experience population declines.