Albury Wodonga Population
Albury Wodonga Population
Highlights
- Population Overview: Analyze the total population size and growth trends of the Albury-Wodonga region, supported by the latest statistical data.
- Population Distribution by Area: Delve into the unique demographic characteristics of Albury and Wodonga, including age structure and cultural diversity.
- Drivers of Population Growth: Examine the primary factors contributing to regional population growth, such as infrastructure, employment opportunities, and quality of life.
- Attractiveness for Relocation: Explore the elements that draw people to relocate to Albury-Wodonga, including housing affordability, educational resources, and the natural environment.
- Implications for Investment: Interpret population data to assess its impact on real estate and business investments, offering practical recommendations.
Population Overview
As of June 2023, the total population of the Albury-Wodonga region reached 101,793, with Albury City accounting for 57,517 residents and Wodonga City comprising 44,276. Over the past five years, Albury City has experienced consistent population growth, adding 852 residents between 2022 and 2023, marking a growth rate of 1.5%—one of its highest increases in recent years. During the same period, Wodonga City welcomed 560 new residents, reflecting a 1.3% growth rate.
In contrast, Australia’s national population growth rate stood at 2.5% as of September 2023, surpassing that of the Albury-Wodonga region. National growth has been predominantly driven by net overseas migration, which contributed 83% to the total increase, with natural growth (births minus deaths) accounting for only 17%. Conversely, population growth in the Albury-Wodonga region primarily relies on natural growth and domestic migration, with minimal impact from net overseas migration.
A notable feature of Albury-Wodonga’s population growth lies in its stability and sustainability. Unlike national trends influenced by immigration policies and international factors, the region’s growth is largely underpinned by local drivers such as employment opportunities, quality of life, and infrastructure development. This stable growth model provides investors and prospective residents with a relatively predictable environment, facilitating long-term planning and decision-making.
Additionally, the region’s population structure highlights diversity and balance. According to the 2021 Census, the median age in Albury City was 39 years, and 37 years in Wodonga City, both slightly below the national median age of 38.5 years. This younger demographic suggests a dynamic labor force and potential for robust economic development.
Overall, the Albury-Wodonga region demonstrates steady population growth driven by local factors, coupled with a young and diverse demographic structure. Compared to national trends, the region’s growth remains more stable, offering an appealing environment for investors and new residents.
Table 1: Population Overview of Albury-Wodonga (as of June 2023)
| Area | Total Population | Annual Growth (Number) | Annual Growth Rate |
|---|---|---|---|
| Albury City | 57,517 | 852 | 1.5% |
| Wodonga City | 44,276 | 560 | 1.3% |
| Total | 101,793 | 1,412 | 1.4% |
*Source: Australian Bureau of Statistics (ABS), https://www.abs.gov.au/
Table 2: Population Growth Comparison – Australia vs. Albury-Wodonga (2023)
| Metric | Australia (National) | Albury-Wodonga Region |
|---|---|---|
| Total Population | 26,821,557 | 101,793 |
| Annual Growth (Number) | 659,800 | 1,412 |
| Annual Growth Rate | 2.5% | 1.4% |
| Contribution of Net Overseas Migration | 83% | Low |
| Contribution of Natural Growth | 17% | High |
*Source: Australian Bureau of Statistics (ABS), https://www.abs.gov.au/
Table 3: Median Age Comparison – Albury-Wodonga vs. Australia (2021)
| Area | Median Age |
|---|---|
| Albury City | 39 years |
| Wodonga City | 37 years |
| Australia (National) | 38.5 years |
*Source: Australian Bureau of Statistics (ABS), https://www.abs.gov.au/
The data underscores that while the Albury-Wodonga region’s population growth rate is slightly lower than the national average, its reliance on natural growth and domestic migration ensures stability and sustainability. Furthermore, the region’s relatively youthful demographic contributes to economic vitality and a dynamic labor market.
Population Distribution by Area
According to the 2021 Census data from the Australian Bureau of Statistics (ABS), Albury and Wodonga exhibit distinct differences in demographic composition, particularly in age distribution, gender ratio, and cultural backgrounds.
Age Distribution:
The median age in Albury City is 39 years, slightly above the national median of 38.5 years. The breakdown by age group is as follows:
| Age Group | Percentage |
|---|---|
| 0–14 years | 19.3% |
| 15–24 years | 12.9% |
| 25–54 years | 39.8% |
| 55 years and over | 28.0% |
In comparison, Wodonga City has a lower median age of 37 years, reflecting a slightly younger population. Its age distribution is:
| Age Group | Percentage |
|---|---|
| 0–14 years | 20.5% |
| 15–24 years | 13.5% |
| 25–54 years | 41.2% |
| 55 years and over | 24.8% |
These figures suggest that Wodonga City has a higher proportion of younger residents compared to Albury, potentially contributing more vitality to the local labor market.
Gender Ratio:
In terms of gender, Albury City comprises 48.6% males and 51.4% females, while Wodonga City shows a similar distribution with 49.0% males and 51.0% females. Both cities align closely with the national average and exhibit no significant gender disparities.
Cultural Background and Migration:
Albury City demonstrates notable cultural diversity, with 15.4% of its residents born overseas. The top countries of origin include the United Kingdom (3.2%), New Zealand (1.0%), and India (0.8%). Additionally, approximately 2.7% of the population identifies as Aboriginal or Torres Strait Islander.
Wodonga City shows a comparable level of cultural diversity, with 14.8% of residents born overseas. Key countries of origin include the United Kingdom (3.0%), New Zealand (1.1%), and the Philippines (0.9%). Aboriginal or Torres Strait Islander residents account for 2.5% of the total population.
Key Insights:
The demographic characteristics of Albury and Wodonga highlight similarities alongside subtle distinctions. While Albury features a slightly older demographic, Wodonga stands out with a higher proportion of younger residents. Both cities maintain balanced gender ratios and exhibit cultural diversity, which shapes their unique social, economic, and community dynamics.
For investors and prospective residents, understanding these demographic features is crucial for aligning decisions with local market demands and community development opportunities.
*Source: Australian Bureau of Statistics (ABS), https://www.abs.gov.au/
Drivers of Population Growth
In recent years, the Albury-Wodonga region has consistently attracted new residents through advancements in infrastructure, a diversified job market, and its appealing natural environment. Key initiatives in these areas are summarized below, illustrating how they collectively foster population growth and economic stability.
Infrastructure Development:
Significant infrastructure projects in the region include the Integrated Transport Strategy, which aims to build a connected and sustainable transportation network; the “Transforming for Our Future” plan, designed to improve healthcare services; and La Trobe University’s Albury-Wodonga campus, offering high-quality education in collaboration with the local community (see Table 1).
Table 1: Key Infrastructure Projects in Albury-Wodonga
| Sector | Project Name | Goal | Status |
|---|---|---|---|
| Transportation | Integrated Transport Strategy | Establish a connected, reliable, and sustainable transport system | Ongoing |
| Healthcare | Transforming for Our Future (2024–2028 Strategic Plan) | Enhance healthcare services to meet future health demands | Initial phase |
| Education | La Trobe University Albury-Wodonga Campus | Provide high-quality tertiary education and foster community collaboration | Active |
*Source: Albury Wodonga Open Data Hub, https://data.alburywodonga.gov.au/
Economic Diversity:
The region’s diverse economy enhances its job market’s attractiveness. In 2022, key contributors to economic output included public administration and safety, rental and real estate services, and healthcare and social assistance, each playing a significant role in employment opportunities (see Table 2).
Table 2: Major Economic Contributors in Albury-Wodonga (2022)
| Industry Sector | Contribution Rate | Key Performance Indicators |
|---|---|---|
| Public Administration & Safety | 25% | Tax revenue and government expenditure |
| Rental & Real Estate Services | 20% | Growth in property transactions and leasing |
| Healthcare & Social Assistance | 18% | Expansion in medical services, aged care, and community support |
*Source: Australian Bureau of Statistics (ABS), https://www.abs.gov.au/
Appeal of Lifestyle and Environment:
The region’s balanced living costs and exceptional natural environment further attract new residents. Albury-Wodonga offers significantly lower average house prices and living costs compared to Melbourne and Sydney, combined with abundant green space for recreation and relaxation (see Table 3).
Table 3: Comparison of Natural Environment and Living Costs (2023)
| Metric | Albury-Wodonga | Melbourne | Sydney |
|---|---|---|---|
| Average House Price (AUD) | 550,000 | 900,000 | 1,200,000 |
| Cost of Living Index | 85 | 100 | 120 |
| Available Green Space (sq. km) | 55 | 30 | 25 |
*Source: Domain.com.au, https://www.domain.com.au/
Summary of Key Drivers
- Infrastructure: The development of transport, healthcare, and educational resources positions Albury-Wodonga as a modern, well-connected region.
- Employment Opportunities: Economic diversity supports a resilient job market, appealing to professionals in public administration, real estate, and healthcare.
- Lifestyle and Affordability: The region’s reasonable living costs, compared with major cities, and its expansive green spaces offer a high quality of life.
These combined factors establish Albury-Wodonga as a desirable destination for new residents and a sustainable foundation for long-term growth.
Attractiveness for Relocation
The Albury-Wodonga region has become a preferred destination for families and individuals seeking affordable living costs, access to quality education and healthcare, and a serene natural environment.
Affordable Living Costs
Compared to Australia’s major cities, Albury-Wodonga offers a more budget-friendly lifestyle. As of 2023, the median house price in Albury is approximately AUD 570,000, significantly lower than Sydney’s median house price. Additionally, everyday expenses such as dining and groceries are comparatively inexpensive. For instance, a meal at a casual restaurant costs around AUD 29 in Albury and AUD 26 in Wodonga. These cost savings enable residents to enjoy a higher standard of living without compromising their purchasing power.
Table 1: Cost of Living Comparison between Albury and Wodonga
| Item | Albury (AUD) | Wodonga (AUD) |
|---|---|---|
| Median House Price | 570,000 | 550,000 |
| Casual Dining Meal | 29 | 26 |
| Milk (1 liter) | 1.50 | 1.60 |
| Bread (500g loaf) | 2.80 | 2.90 |
| Monthly Public Transport Pass | 100 | 90 |
*Source: Australian Bureau of Statistics (ABS), https://www.abs.gov.au/
Education and Healthcare
Albury-Wodonga boasts a robust education and healthcare infrastructure. The region is home to several high-quality public and private schools covering all educational stages, from kindergarten to secondary school. Furthermore, La Trobe University’s Wodonga campus provides local students with access to higher education without the need to relocate.
In healthcare, Albury Wodonga Health serves as the primary provider, offering comprehensive medical services, including emergency care, surgery, and specialist treatments. These facilities ensure residents benefit from convenient access to essential services, enhancing their quality of life and sense of security.
Table 2: Major Educational and Healthcare Institutions in Albury-Wodonga
| Institution | Type | Location |
|---|---|---|
| Albury High School | Public School | Albury |
| Wodonga Senior Secondary College | Public School | Wodonga |
| La Trobe University | University | Wodonga |
| Albury Wodonga Health | Healthcare | Albury |
*Source: AlburyCity and Wodonga Council Official Websites
Natural Environment and Lifestyle
Nestled along the Murray River, Albury-Wodonga offers residents an abundance of natural resources and recreational facilities. Popular activities include boating, fishing, and picnicking along the riverbanks. Landmarks such as Albury Botanic Gardens and Wodonga’s Belvoir Park provide idyllic settings for relaxation and family outings. This close connection to nature promotes physical and mental well-being, enhancing the overall quality of life for residents.
Table 3: Major Parks and Recreational Facilities in Albury-Wodonga
| Facility Name | Type | Location |
|---|---|---|
| Albury Botanic Gardens | Botanic Garden | Albury |
| Belvoir Park | Park | Wodonga |
| Noreuil Park | Riverside Park | Albury |
| Sumsion Gardens | Park | Wodonga |
*Source: AlburyCity and Wodonga Council Official Websites
Low Crime Rates
Safety is a critical factor for families and individuals choosing a place to live. In 2023, Albury recorded a crime index of 58.25, while Wodonga’s was slightly higher at 62.06, both below the average for Australia’s major cities. This relatively low crime rate ensures a secure living environment for residents.
Table 4: Crime Index Comparison between Albury and Wodonga
| City | Crime Index |
|---|---|
| Albury | 58.25 |
| Wodonga | 62.06 |
*Source: Australian Bureau of Statistics (ABS), https://www.abs.gov.au/
Conclusion
With its affordable living costs, high-quality education and healthcare facilities, scenic natural environment, and safe communities, Albury-Wodonga offers an attractive alternative to Australia’s larger metropolitan areas. These advantages not only improve the quality of life for residents but also create favorable conditions for investors seeking growth opportunities.
Investment Implications
The steady population growth in the Albury-Wodonga region presents numerous opportunities for real estate and commercial investors. As the population rises, the demand for housing increases, driving consistent property price appreciation. According to data from the Australian Bureau of Statistics (ABS), median house prices in Albury have grown by approximately 15% over the past five years, while Wodonga has experienced a 12% increase. These trends highlight the strong investment potential of the local property market.
Table 1: Median House Price Growth in Albury and Wodonga
| City | 5-Year Growth Rate |
|---|---|
| Albury | 15% |
| Wodonga | 12% |
*Source: Australian Bureau of Statistics (ABS), https://www.abs.gov.au/
Rental Market Growth
The rental market has also demonstrated robust demand, fueled by an influx of new residents. Domain data shows that median rents in Albury rose by approximately 5% over the past year, with Wodonga seeing a 4% increase. This rental growth offers investors a reliable stream of rental income.
Table 2: Annual Rental Median Growth Rates in Albury and Wodonga
| City | Annual Growth Rate |
|---|---|
| Albury | 5% |
| Wodonga | 4% |
*Source: Domain, https://www.domain.com.au/
Commercial Investment Opportunities
Population growth has amplified the demand for services, creating significant opportunities in the service and retail sectors. According to AlburyCity’s economic report, healthcare and social assistance is the fastest-growing industry in the region, with an annual growth rate of 3.5%. Retail also shows steady expansion, with a growth rate of 2.8%. These figures suggest ample opportunities for commercial investments, particularly in these sectors.
Table 3: Annual Growth Rates of Key Industries in Albury-Wodonga
| Industry | Annual Growth Rate |
|---|---|
| Healthcare and Social Assistance | 3.5% |
| Retail | 2.8% |
*Source: AlburyCity Economic Report, https://www.alburycity.nsw.gov.au/
Recommended Investment Strategies
- Diversify Portfolios: Combine residential and commercial real estate investments to spread risk and maximize returns.
- Focus on High-Growth Areas: Target regions with rapid population growth, such as central Albury and emerging neighborhoods in Wodonga.
- Adopt Long-Term Holding Strategies: Given the consistent growth in property values and rental income, long-term property ownership could yield significant capital gains and stable income.
- Understand the Local Market: Conduct in-depth research into regional economic plans and infrastructure projects to identify future investment opportunities.
Conclusion
The Albury-Wodonga region’s population growth offers lucrative opportunities for both residential and commercial investors. By analyzing market trends and implementing well-thought-out strategies, investors can capitalize on the region’s potential and secure substantial returns in this promising market.
