Albany Fastest Growing Regional Area In State
Albany was the fastest growing local government area in the state by annual growth in net internal migration, according to the Regional Movers Index for the December 2024 quarter.
The constrained conditions in the rental market are reflected in the vacancy rate. The Albany regional centre has experienced an extended period of very low vacancy rates
Members in the Albany regional centre have reported the lack of rentals has impacted businesses as employees have been unable to find homes. For example, restaurants have had to limit their opening times, or close, as they don’t have enough staff to open seven days a week. It has also contributed to staffing shortages for doctors and nurses.
At times, demand for homes and the constraints in the market have seen people look to caravan parks for accommodation.
View the latest market information for the Albany regional centre and individual suburbs via the insights page at www.reiwa.com. For on-the-ground insights into what is happening in the property market, you can contact a local agent via REIWA agent finder.
https://reiwa.com.au/news/albany-the-fastest-growing-regional-area-in-the-state/