We know local. Albany (greater region). Albany has been one of the strongest performing regional property markets in Western Australia over the past 12 months. According to the latest data from the Real Estate Institute of Western Australia, Albany recorded the highest house price growth of any regional centre in the state in the December 2025 quarter. The median house price rose 5.5 per cent over the quarter to $722,500 and is up more than 25 per cent over the past year. Strong demand and very limited housing supply continue to drive this growth. Much of the demand is coming from owner occupiers relocating from outside the region, particularly from Perth and other parts of Western Australia where strong equity positions are allowing buyers to move regionally for lifestyle reasons. At the same time, limited land supply and delays in new subdivisions are pushing many buyers toward established homes, which has intensified competition in the $600,000 to $850,000 range. What we are seeing locally is a market where well presented homes attract strong interest quickly, particularly family homes and properties with lifestyle appeal. The number of properties available for sale remains low compared to buyer demand, and this imbalance continues to support price resilience across the market. Looking ahead through the remainder of the year, the fundamentals supporting the Albany market remain strong. Population movement to regional areas, ongoing lifestyle migration, and constrained housing supply are likely to continue supporting demand. While higher interest rates may moderate the pace of growth, limited stock levels mean well presented homes are still expected to attract strong buyer interest.
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