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 6325 as of Feb 2026. This reflects an increase of 34 people (0.5%) since the 2021 Census, which reported a population of 6291 people. The change is inferred from the resident population of 6224, estimated by AreaSearch following examination of 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 equates to a density ratio of 257 persons per square kilometer, providing significant space per person and potential room for further development. Population growth for the suburb of Lake Albert (NSW) 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. The suburb's population is expected to shrink by 389 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

Based on AreaSearch analysis, Lake Albert recorded approximately 14 residential properties granted approval each year. Between FY-21 and FY-25, around 70 homes were approved, with an additional 13 approved in FY-26. The declining population has maintained adequate housing supply relative to demand, resulting in a balanced market with good buyer choice.

New properties are constructed at an average value of $564,000, indicating developers target the premium market segment. This financial 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 recently. Recent construction comprises 94.0% standalone homes and 6.0% 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 230 people per approval. Population projections showing stability or decline suggest reduced housing demand pressures, 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 influencing the region. Key projects 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.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

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. Its unemployment rate is 1.7%, based on AreaSearch's aggregation of statistical area data as of December 2025. There are 3,143 residents employed while the unemployment rate is 2.3% lower than Regional NSW's rate of 3.9%.

Workforce participation in Lake Albert is similar to Regional NSW at 61.3%. According to Census responses, only 10.0% of residents work from home. Leading employment industries among residents are 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 just 2.9% of Lake Albert's workforce compared to Regional NSW's 5.3%. The area appears to have limited local employment opportunities based on Census data comparing working population to resident population. Between December 2024 and December 2025, the labour force decreased by 2.9%, and employment declined by 3.0% in Lake Albert, leading to a rise of 0.1 percentage points in unemployment rate. In contrast, Regional NSW saw employment fall by 1.2%, labour force contract by 0.8%, and unemployment rise by 0.4 percentage points during the same period. Jobs and Skills Australia's national employment forecasts from May-25 provide further insight into potential future demand within Lake Albert. These projections estimate that national employment will expand by 6.6% over five years and 13.7% over ten years. Applying these industry-specific projections to Lake Albert's employment mix suggests local employment should increase by 6.5% over five years and 13.6% over ten years, though this is a simple weighting extrapolation for illustrative purposes and does not consider localised population projections.

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

The suburb of Lake Albert shows a median taxpayer income of $57,731 and an average of $70,375 according to the latest postcode level ATO data aggregated by AreaSearch for financial year 2023. This is higher than average nationally, contrasting with Regional 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, current estimates would be approximately $62,846 (median) and $76,610 (average) as of September 2025. Census data reveals household, family and personal incomes in Lake Albert cluster around the 63rd percentile nationally. The data shows the predominant cohort spans 33.8% of locals (2,137 people) in the $1,500 - 2,999 category, reflecting patterns seen the surrounding region where 29.9% similarly occupy this range. After housing costs, residents retain 89.1% of income, reflecting strong purchasing power and 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 dwelling structure in Lake Albert, as per the latest Census, consisted of 95.7% houses and 4.3% other dwellings (semi-detached, apartments, 'other' dwellings). This compared to Regional NSW's 82.6% houses and 17.4% other dwellings. Home ownership in Lake Albert stood at 43.5%, with the remaining dwellings either mortgaged (39.8%) or rented (16.7%). The median monthly mortgage repayment was $1,625, below Regional NSW's average of $1,733. The median weekly rent figure 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 constitute the remaining 22.7%, with lone person households at 20.7% and group households making up 2.0%. The median household size is 2.6 people, which is 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 the NSW average of 32.2%. This disparity presents both challenges and opportunities for targeted educational initiatives. Bachelor degrees are most prevalent 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 such qualifications - advanced diplomas account for 11.2% and certificates for 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 collectively facilitate 1,984 weekly passenger trips. Residents have good access to these transport services, with an average distance of 330 meters to the nearest stop. Most residents in this primarily residential area commute outward. Cars remain the dominant mode of transportation, used by 96% of residents. The average vehicle ownership is 1.8 per dwelling, higher than the regional average.

According to the 2021 Census, only 10.0% of residents work from home, which may be influenced by COVID-19 conditions. On average, there are 283 trips per day across all routes, resulting in 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.

Approximately 55% (~3,462 people) have private health cover, compared to 51.9% across Regional NSW. The most common medical conditions are asthma (9.8%) and arthritis (9.6%). Around 63.9% of residents report no medical ailments, similar to the 63.3% in Regional NSW. Working-age residents have a higher-than-average prevalence of chronic health conditions. Lake Albert has 24.7% (1,562 people) of residents aged 65 and over, slightly higher than Regional NSW's 23.4%. 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 had cultural diversity levels below average, with 93.2% of its population born in Australia, 94.5% being citizens, and 97.0% speaking English only at home. Christianity was the predominant religion in Lake Albert, making up 68.7% of the population, compared to 55.9% across Regional NSW. The top three ancestral groups were Australian (31.8%), English (31.3%), and Irish (10.6%).

Notably, Scottish ancestry was overrepresented at 9.3%, compared to 8.0% regionally, as was German ancestry at 4.1% versus 3.1%. However, Australian Aboriginal ancestry was underrepresented at 3.4%, compared to 4.6% regionally.

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 surpassing Australia's national average of 38 years. The age distribution shows that individuals aged 15-24 make up 12.3% of the population, while those aged 55-64 comprise 11.3%, both figures differing from Regional NSW's demographics. Between the 2021 Census and now, the proportion of people aged 25 to 34 has risen from 10.0% to 11.6%, while the 75 to 84 age group has increased from 7.3% to 8.6%. Conversely, the percentage of individuals aged 5-14 has decreased from 14.3% to 12.7%, and those aged 55-64 have fallen from 12.7% to 11.3%. By 2041, demographic projections indicate significant changes in Lake Albert's age structure. The 85+ group is expected to grow by 89%, reaching 371 people from its current total of 196. Notably, the combined 65+ age groups will contribute entirely to the population growth, reflecting the area's aging demographic trend. Conversely, the 25 to 34 and 0 to 4 age cohorts are projected to experience population declines.