Find Finance & Mortgage Brokers in Albany

Find Clarity in the Albany Loan Market Albany is a historic port city on Western Australia’s south coast, approximately 418km southeast of Perth. As the oldest European settlement in WA, it blends rich heritage with a modern economy driven by agriculture, timber, port operations, and tourism. The city serves as the administrative and commercial hub of the Great Southern region, with a population of around 38,800.

Dominant property types include character homes, coastal residences in premium suburbs like Emu Point and Middleton Beach, and newer developments in growth suburbs like Bayonet Head and Spencer Park. The market has seen exceptional growth, with house prices rising 23.1% annually in 2024-2025, fueled by strong interstate migration from Perth and eastern states, limited housing supply with construction unable to meet demand, and high rental demand creating yields above 7% for units. Major developments and infrastructure upgrades including hospital expansion, port modernization, and renewable energy projects continue to enhance liveability and economic prospects.

The extremely tight rental market with 0.3% vacancy rates supports strong investor returns, while coastal lifestyle appeal sustains owner-occupier demand. Albany offers compelling value proposition for lifestyle buyers seeking coastal living with regional affordability, investors targeting high capital growth and exceptional rental yields in supply-constrained market, and families attracted by community character, employment stability, and quality schools. Market fundamentals remain strong despite rapid appreciation, supported by economic diversification, infrastructure investment, and sustained population growth from interstate migration.