With few commercial plots of vacant land remaining in Albany's growing city centre, those that do come onto the market present a rare investment opportunity for the discerning buyer.
This level 1019sqm block surrounded by shops, restaurants, accommodation, offices, hotels and ample parking, is ripe for development.
Zoned Central Area and offering prime street frontage and easy access, any building constructed on the site could house a variety of businesses if desired.
The size of Albany is approximately 2.4 square kilometres. It has 6 parks covering nearly 8.1% of total area. The population of Albany in 2016 was 1313 people. By 2021 the population was 1403 showing a population growth of 6.8% in the area during that time. The predominant age group in Albany is 60-69 years. Households in Albany are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albany work in a professional occupation.In 2021, 66.80% of the homes in Albany were owner-occupied compared with 61.70% in 2016.
Albany has 1,371 properties. Over the last 5 years, Houses in Albany have seen a 89.40% increase in median value, while Units have seen a 108.54% increase. As at 28 February 2026:
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