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, the suburb of Lake Albert's population is estimated at around 6371 as of May 2026. This reflects an increase of 80 people (1.3%) since the 2021 Census, which reported a population of 6291 people. The change is inferred from the resident population of 6328, estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2025 and an additional 108 validated new addresses since the Census date. This level of population equates to a density ratio of 259 persons per square kilometer, providing significant space per person and potential room for further development. Lake Albert's 1.3% growth since census positions it within 0.9 percentage points of the SA4 region (2.2%), demonstrating competitive growth fundamentals. Population growth for the area 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 of Lake Albert's population expected to shrink by 410 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 189 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 14 residential properties granted approval each year. Over the past 5 financial years, from FY-21 to FY-25, approximately 70 homes were approved, with a further 33 so far in FY-26. Despite population decline, housing supply has remained adequate relative to demand, resulting in a balanced market with good buyer choice.

New properties are constructed at an average value of $564,000, indicating that developers target the premium market segment. This year, $700,000 in commercial approvals have been registered, reflecting the area's residential nature. Compared to Rest of NSW, Lake Albert has significantly less development activity, 55.0% below the regional average per person. This scarcity typically strengthens demand and prices for existing properties, though building activity has accelerated in recent years. Recent construction comprises 94.0% standalone homes and 6.0% medium and high-density housing, preserving Lake Albert's low density nature and attracting space-seeking buyers at around 227 people per approval.

Population projections showing stability or decline suggest reduced housing demand pressures, benefiting potential buyers in the area.

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 that could affect this region. Notable ones include Lake Albert Manors, Riverina Intermodal Freight and Logistics (RiFL) Hub, Lake Albert Pipeline and Precinct Renewal, and the Lake Albert Plan of Management for 2025-2035. The following list details those most likely to be 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 is 1.7%, according to AreaSearch's aggregation of statistical area data as of December 2025. There are 3,126 residents in work and the unemployment rate is 2.2% lower than Regional NSW's rate of 3.9%.

Workforce participation is on par with Regional NSW at 60.5%. Census responses show that only 10.0% of residents work from home, though Covid-19 lockdown impacts should be considered. Leading employment industries include health care & social assistance, construction, and education & training. Construction stands out with employment levels at 1.3 times the regional average.

However, agriculture, forestry & fishing is under-represented, with only 2.9% of Lake Albert's workforce compared to 5.3% in Regional NSW. The area appears to offer limited local employment opportunities based on Census data comparing working population and resident population. Between December 2024 and December 2025, the labour force decreased by 3.0%, employment declined by 3.2%, and unemployment rose by 0.2 percentage points. This compares to Regional NSW where employment fell by 1.2%, labour force contracted by 0.8%, and unemployment rose by 0.4 percentage points. 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 a simple weighting extrapolation of industry-specific projections against the local employment profile.

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, which contrasts with Regional NSW's median income of $52,390 and average income of $65,215. Based on Wage Price Index growth of 10.32% since financial year 2023, current estimates would be approximately $63,689 (median) and $77,638 (average) as of March 2026. Census data shows that household, family and personal incomes in Lake Albert cluster around the 63rd percentile nationally. The data indicates that the predominant cohort spans 33.8% of locals (2,153 people) in the $1,500 - 2,999 income category, 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 the area'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

The latest Census evaluation of Lake Albert's dwelling structures showed 95.7% houses and 4.3% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Regional NSW's 82.6% houses and 17.4% other dwellings. Home ownership in Lake Albert stood at 43.5%, with mortgaged dwellings at 39.8% and rented ones at 16.7%. The median monthly mortgage repayment was $1,625, lower than Regional NSW's average of $1,733. The median weekly rent figure in Lake Albert was $340, compared to Regional 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 account for 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 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, larger than the Regional 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 is 21.5%, significantly lower than NSW's average of 32.2%. This 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%). Trade and technical skills are prominent, with 41.3% of residents aged 15+ holding vocational credentials – advanced diplomas (11.2%) and certificates (30.1%).

Educational participation is high, with 28.2% of residents currently enrolled in formal education. This includes 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. Transport accessibility is deemed good, with residents on average located 330 meters from the nearest stop. Most residents commute outward due to the area's primarily residential nature. Cars remain the dominant mode of transport at 96%. The average vehicle ownership per dwelling is 1.8, which is higher than the regional average.

According to the 2021 Census, only 10% of residents work from home, a figure that might be influenced by 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 align closely with national benchmarks, as assessed by AreaSearch using mortality rates and chronic condition prevalence. Common health conditions are similarly prevalent across both young and old age groups.

Private health cover is relatively high at approximately 55% of the total population (around 3,488 people), compared to 51.9% in Regional NSW. The most common medical conditions are asthma and arthritis, affecting 9.8 and 9.6% of residents respectively. Notably, 63.9% of residents report being completely free from medical ailments, slightly higher than the 63.3% in Regional NSW. Working-age residents exhibit a higher-than-average prevalence of chronic health conditions. The area has a relatively high proportion of seniors, with 25.2% of residents aged 65 and over (1,605 people), compared to 23.4% in Regional NSW. Health outcomes among seniors are above average, ranking even higher than the general population nationally.

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 55.9% regionally. The top three ancestral 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 4.1% and Australian Aboriginal was 3.4%.

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

Lake Albert has a median age of 43, matching Regional NSW's figure and exceeding the national average of 38 years. The age distribution reveals that those aged 65-74 make up 13.2%, while the 55-64 group constitutes 11.4%. Between the 2021 Census and present, the 75 to 84 age group has grown from 7.3% to 8.8%, and the 25 to 34 cohort has increased from 10.0% to 11.3%. Conversely, the 5 to 14 age group has decreased from 14.3% to 12.7%, and the 55 to 64 group has dropped from 12.7% to 11.4%. By 2041, demographic projections indicate significant shifts in Lake Albert's age structure. The 85+ age group is expected to grow by 91%, reaching 389 people from its current total of 203. Notably, the combined 65+ age groups will account for all total population growth, reflecting the area's aging demographic trend. In contrast, the 25 to 34 and 0 to 4 age cohorts are projected to experience population declines.