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, Lake Albert's population is estimated at around 6,325 as of November 2025. This reflects an increase of 34 people (0.5%) since the 2021 Census, which reported a population of 6,291 people. The change is inferred from the resident population of 6,224 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 257 persons per square kilometer. Population growth for the area was primarily driven by natural growth that contributed approximately 55% 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 area's population expected to shrink by 378 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 195 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 using ABS building approval numbers from statistical area data, Lake Albert has recorded approximately 12 residential properties granted approval each year. Over the past five financial years, from FY-21 to FY-25, around 64 homes were approved, with an additional 10 approved so far in FY-26. Despite a declining population over recent years, housing supply has remained adequate relative to demand, resulting in a balanced market with good buyer choice.

The average expected construction cost of new properties is $564,000, indicating that developers are targeting the premium market segment with higher-end properties. In FY-26, $700,000 in commercial approvals have been registered, reflecting the area's residential nature. Compared to the Rest of NSW, Lake Albert has significantly less development activity, 60.0% below the regional average per person. This scarcity typically strengthens demand and prices for existing properties, although building activity has accelerated in recent years. The level is also lower than nationally, suggesting market maturity and possible development constraints.

Recent construction comprises 93.0% standalone homes and 7.0% medium and high-density housing, preserving the area's low density nature with an emphasis on detached housing attracting space-seeking buyers. Lake Albert reflects a low density area, with around 248 people per approval. Population projections indicating stability or decline suggest reduced housing demand pressures in the future, benefiting potential buyers.

Lake Albert has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

AreaSearch has identified a total of 13 projects that are expected to impact the area significantly due to their influence on local infrastructure, major projects, and planning initiatives. Key projects among these 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 projects that are likely to be 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 a low unemployment rate of 1.8% as of September 2025. The area experienced an employment growth of 4.6% over the past year.

The unemployment rate in Lake Albert is 2.1% lower than the Rest of NSW's rate of 3.8%, and workforce participation is higher at 63.7%. Key industries for residents 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 may be limited locally as indicated by Census data. Between September 2024 and September 2025, employment levels increased by 4.6%, labour force by 5.1%, resulting in an unemployment rate rise of 0.5 percentage points. In contrast, Rest of NSW saw employment decline by 0.5% and labour force decline by 0.1%. State-level data to 25-Nov-25 shows NSW employment contracted by 0.03%, with a state unemployment rate of 3.9%. National employment forecasts from May-25 project national growth at 6.6% over five years and 13.7% over ten years. 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, assuming constant population projections.

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 according to the latest postcode level ATO data aggregated by AreaSearch for financial year 2023. This is higher than the national average, contrasting with Rest of NSW's median income of $52,390 and average income of $65,215. Based on Wage Price Index growth of 8.86% since financial year 2023, estimated incomes for September 2025 would be approximately $62,846 (median) and $76,610 (average). Census data indicates that household, family and personal incomes in Lake Albert cluster around the 63rd percentile nationally. The predominant income cohort spans 33.8% of locals (2,137 people), with incomes ranging from $1,500 to 2,999, reflecting patterns seen in the surrounding region where 29.9% similarly occupy this range. After housing costs, residents retain 89.1% of their income, indicating strong purchasing power and placing Lake Albert's SEIFA income ranking 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 dwelling structures, as per the latest Census, consisted of 95.7% houses and 4.3% other dwellings such as semi-detached homes, apartments, and others. This is in contrast to Non-Metro NSW's 88.4% houses and 11.7% other dwellings. Lake Albert's home ownership rate was 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, higher than Non-Metro NSW's average of $1,430. Meanwhile, the median weekly rent figure stood at $340 compared to Non-Metro NSW's $280. 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 2.5.

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%, significantly lower than the NSW average of 32.2%. This disparity presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most common at 15.0%, followed by postgraduate qualifications (3.8%) and graduate diplomas (2.7%). Vocational credentials are prominent, with 41.3% of residents aged 15+ holding them.

Advanced diplomas account for 11.2% while certificates make up 30.1%. Educational participation is high, with 28.2% currently enrolled in formal education. This includes 10.5% in primary, 9.3% in secondary, 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 42 active public transport stops, offering a mix of train and bus services. These stops are served by 53 individual routes, facilitating 1,984 weekly passenger trips in total. Transport accessibility is rated as good, with residents located an average of 330 meters from the nearest stop.

On average, there are 283 trips per day across all routes, equating to approximately 47 weekly trips per individual 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 (~3,462 people) has private health cover, compared to 51.5% across Rest of NSW.

The most common medical conditions are asthma (9.8%) and arthritis (9.6%). A total of 63.9% of residents declare themselves completely clear of medical ailments, compared to 64.5% in Rest of NSW. Lake Albert has a higher proportion of seniors aged 65 and over at 24.3% (1,536 people), compared to 19.6% in Rest of NSW. Health outcomes among seniors 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's cultural diversity was found to be below average. Its population was predominantly born in Australia, with 93.2% holding this status. A high proportion of residents were citizens, standing at 94.5%.

English was the primary language spoken at home by 97.0% of the population. Christianity was the prevalent religion in Lake Albert, comprising 68.7% of its people, which is slightly higher than the 64.3% figure for the Rest of NSW. The top three ancestry groups were Australian (31.8%), English (31.3%), and Irish (10.6%). Notably, Scottish ancestry was overrepresented in Lake Albert at 9.3%, compared to 8.0% regionally. Similarly, German ancestry stood at 4.1%, slightly higher than the regional average of 3.9%. However, Australian Aboriginal ancestry was underrepresented at 3.4%, compared to the regional figure of 4.5%.

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

Lake Albert has a median age of 43, which is equal to that of the Rest of NSW and higher than the national average of 38. The age distribution shows that those aged 15-24 make up 12.4% of the population, while those aged 55-64 constitute 11.3%. Comparing data from the 2021 Census, 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 12.7%, and the 55 to 64 group has fallen from 12.7% to 11.3%. Looking forward to 2041, demographic projections indicate significant shifts in Lake Albert's age structure. The 85+ age group is expected to grow by 97 people, reaching 374 from a base of 189. Notably, the combined 65+ age groups are projected to account for 93% of total population growth, reflecting the area's aging demographic trend. In contrast, the 65 to 74 and 0 to 4 age cohorts are anticipated to experience population declines.