Lavington is the biggest suburb in the city of Albury in New South Wales. It is bordered by Thurgoona, Hamilton Valley, Springdale Heights, and North Albury. Although this suburb mainly features residential communities, it also has commercial and rural areas, making it an ideal place for those looking for a mix between city living and a rural lifestyle.
Like Albury, Lavington has also undergone several developments in the past couple of years. These developments led to the emergence of various infrastructures, industries, and other features that greatly improved the social and economic aspects of this suburb. Some of these features, which are covered in this article, are the reasons that make Lavington a great place to invest in by purchasing a property.
This suburb has a population of over 12,000 people. About 33% of its residents reside in rental properties. The median rent for a house in Lavington is around $370 per week. As for the median price for homes, it is currently at $380,000, which is an 18.75% increase from the previous year.
Lavington has been regarded as one of the places in Australia that property investors should look into it due to its growing housing and rental market. This growth is driven by the number of people relocating to this suburb each year. The area’s thriving local economy and its location in Albury are some of the factors that attract potential home buyers into investing in properties in Lavington.
Aside from its economic status, another factor that attracts potential investors to Lavington is its diverse attractions. These provide both locals and tourists with a fun way to enjoy their time in this suburb.
Image source: Albury City
One of the top places to explore in this area is the Lavington Library, which features year-round events and activities that are suitable for all ages. It also holds exhibits for local artists and lectures on Lavington’s history.
Image source: Albury Gardens Tourist Park
This region also has a number of outdoor attractions and resorts that families can enjoy. Some of these include the BIG4 Albury Tourist Park, the Quality Resort Siesta, and the Albury Gardens Tourist Park. Lavington also features a variety of establishments where one can enjoy a unique and enjoyable dining experience. These include Spice Blast, the Red Brik Caffe, Northside Coffee Co., and the Springdale Heights Tavern.
Lavington’s growing real estate market, combined with its various attractions and proximity to major commercial centres in Albury, makes it an ideal location for property investors. Whether you’re looking for a vacant lot, a home, or a rental property, you can find the perfect investment opportunity in Lavington. Given the suburb’s current economic state, you can expect to experience great returns on your investment within the next couple of years.
If you’re considering investing in Lavington, reach out to Ray White Albury Central. This real estate firm, which has over a century’s worth of market insight, manages various houses and units for sale or rent in Lavington. Aside from finding a home in a great location, Ray White Albury Central can also match you with a property that has all of your desired features.
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