Albury Economic Indicators Report highlights continued growth and resilience

The Albury Economic Indicators Report – November 2025 confirms the city’s diverse industry base and capable workforce are supporting sustained expansion, helping Albury maintain momentum despite broader national economic pressures.

AlburyCity Councillors noted the release of the report at Monday’s Council meeting. Mayor Kevin Mack said the findings highlighted Albury’s capacity to adapt and grow despite national economic headwinds, reinforcing the strength of the city’s local economy and community.

“Even in the face of broader economic challenges affecting regional Australia, Albury’s economy is on the rise. With a Gross Regional Product of $5.25 billion, up 4.7 per cent, the city is building on a strong foundation. This growth demonstrates real opportunities for businesses, investors, and our community to expand, innovate and create jobs, ensuring Albury remains a place where people and industry can thrive,” Mayor Mack said.

The 2025 results show that Albury continues to demonstrate stable and sustained economic growth. Highlights include:

• Albury’s Gross Regional Product (GRP) reached $5.25 billion as at June 2024, an increase of 4.7% on the previous year and a 32% rise since 2018/19. Across Albury Wodonga, GRP was $9.64 billion, up 4.3% on the previous financial year.
• Albury’s labour force totalled 32,749 in June 2024, with health care and construction the two largest employing sectors locally and across the two cities combined.
• 50% of Albury’s economic value is generated by health care and social assistance, real estate, construction, and public administration.
• Health care and social assistance recorded the strongest growth (+$94 million), followed by real estate services (+$61 million) and public administration and safety (+$23 million).
• Manufacturing generates the largest share of total revenue (18.5%).
• Business formation remains steady, with 5,218 businesses operating in Albury — up 1.8% over the year and 13% since 2018/19. One-fifth of businesses are in construction, with strong concentrations also in real estate services, professional services, and health care.
• Albury’s population growth has averaged 1.3% per year since 2019, faster than the Regional NSW average of 0.9%. As at July 2024, Albury’s population was 58,317, and the combined population of Albury Wodonga was 103,141. The largest 10-year age cohort locally is 25–34 years, supporting workforce capacity.
• The residential market recorded increased sales volumes and modest price growth. In 2024/25, the median house price in Albury was $610,000, up 3% over the previous year however 20% lower that regional NSW. Rental prices remain competitive, with a median weekly rent of $470 across dwelling types.
• Construction activity continued to make a meaningful contribution, with $158.4 million in construction certificates issued in 2024/25, representing an 8% annual increase.
• Education participation was also positive, with 4,896 university students enrolled across Albury Wodonga in 2025, a 2% increase on the previous year.

The Report aligns with the objectives of Towards Albury 2050, particularly the goals of supporting sustainable growth, promoting investment, and strengthening employment opportunities.

“Reliable, localised data is essential for good planning. This report allows businesses, investors and community organisations to make informed decisions with confidence,” Mayor Mack added.

You can view the full report here: Albury Economic Indicators Report – November 2025