I live in Albury so I can help you out a bit.
- The uni has moved from central Albury out to Thurgoona. I've thought for a while that anything near the mini mart on Thurgoona Drive would be a prime area for the students to rent. Thurgoona is also the growth corridor so there are lots of new estates out there but it is a long way out in Albury terms.
- Lavington has its good and bad areas. The area west of Prune St is ok but the middle section is a bit wild. I haven't spent much time in Springdale Heights but I have ran through there a bit recently and it looks like a nice area. Best to have a look out there for yourself and talk to some agents.
- Glenroy same as Lavi - good and bad.
- The agents have been banging on about North Albury particularly between Union Rd and Fallon St. Houses in this area are $200K and have good rental yield. Investers have been busy in this area.
- South Albury,like North Albury, has traditionally been the next big thing in Albury. Flooding is an issue but the control measure put in place seem to handle it well. It is very close to the main street (Dean St).
- East Albury is very popular and is the place where the new $65M oncology centre is being built. They started working on it last week and it will be finished in 2015. Hopefully that will pump a bit of life into the $300-500K market once completed. Just be careful down below the hospital in the Eastern Circuit area - bit wild too.
- West Albury gives you the whole lot. Pemberton Park is one of the flashes estates in Albury borders by some of roughest areas of Albury.
- Central Albury has currently got a large development being undertaken on the old uni site. It will be a very nice precinct when finished but it could stiffle growth at the top end due to extra supply.
There you have it. You probably know all the other stuff about steady growth, multiple drives and lifestyle from Google. Good luck.