Recent developments in Australia have led to the establishment of numerous great places where people can live. One of these is the thriving city of Albury in New South Wales. This region is separated from its twin city in Victoria, known as Wodonga, by the Murray River.
There are various factors that make this area a great place to live in for both individuals and entire families. For one, Albury has a thriving environment that fosters personal and professional growth. This is one of the reasons why this region is regarded as an Evocity.
Whether you’re looking for a new place where you can start the next chapter of your life or hoping to settle in a relaxing yet thriving environment with your family, Albury is the perfect choice for you. In this article, we’ll go through some of the main reasons why you should definitely consider living in this city.
One of the things that make Albury a great city is its growing local economy. Various industry sectors, such as healthcare, manufacturing, retail, education, and food services, can be found in the city. It has been estimated that there are almost 40,000 working professionals in Albury-Wodonga. This figure indicates that about 37% of the people working in the Hume Region can be found in these twin cities.
Aside from its hardworking residents, the economic success of Albury can be largely attributed to its strategic location. Being situated near different major areas such as Melbourne, Sydney, Canberra, the Hume Freeway, and the Inland Rail Corridor helps Albury stay economically active. In fact, due to the thousands of businesses that operate in this region, its annual contribution in Gross Regional Product is over $7.3 billion.
Although most cities that have thriving economies tend to have higher standards of living, this isn’t necessarily the case in Albury. Compared to other major cities in Australia, Albury has a lower and more affordable cost of living. This is probably one of the reasons that attract many working professionals to the city, which then helps in boosting its local economy.
The prices of basic goods and services in Albury are lower compared to those in other regions. Aside from these, the city also has an affordable property market. According to Invest Albury Wodonga, the value of a standard home in this area is less than a third of that of a house in Sydney. If you’re looking for a house to buy or rent in Albury, make sure to get in touch with Ray White Albury Central. Their real estate experts can help you find the perfect property that matches your needs, preferences, and budget.
Another great factor that attracts people to Albury is the diversity of the places and activities that they can visit and enjoy. Although it provides the same benefits as living in a major city, Albury also offers various relaxing and fun activities that allow people to get closer to nature. Some of these include enjoying water activities in the Murray River, cycling at Noreuil Park, and trekking through the Wagirra Trail.
Aside from its natural features, the city also has local restaurants that offer different types of cuisines. It also has a bustling arts and culture scene. The city is home to the Murray Art Museum Albury (MAMA), which is regarded as one of the best regional galleries in the country.