In Port Albany there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Port Albany are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Port Albany changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Port Albany requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
|41 BURGOYNE RD, PORT ALBANY, WA, 6330||$295,000|
|UNIT 2, 59 BURGOYNE RD, PORT ALBANY, WA, 6330||3||2||2||Above $839,000|
None within suburb boundary(While the above schools are located with the suburb of Port Albany there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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