Published on Friday, 25 July 2025 at 11:09:16 AM
Albany's latest economic data paints a vibrant picture of local consumer activity, with residents demonstrating strong support for the community's businesses. According to the June 2025 report, total monthly spending by residents reached an impressive $109.8 million, up 10.3% on this time last year, showcasing the resilience and vitality of the local economy.
A key highlight from the data is the dominant role of families in driving this economic activity. Family-related expenditures accounted for over 50% of the total monthly spend, with families contributing more than $55 million in June alone. This trend underscores the importance of household consumption in sustaining local businesses, from grocery stores and restaurants to entertainment and services. The data also reveals that retirees and older couples represent the next largest portion of the spending demographic ($38M), indicating a stable and engaged local population.
Another notable development is the significant increase in revenue generated on Sundays. Traditionally considered a quieter day for commerce, Sundays have now become a major contributor to weekly earnings for local businesses. The data reveals that Sunday revenue has grown substantially compared to the same period last year, with some sectors, particularly food retailing, entertainment, and hospitality, reporting double-digit percentage increases in Sunday takings.
Local business owners have welcomed this change, noting increased foot traffic and sales on Sundays, particularly in retail and hospitality sectors. The rise in Sunday spending can also be attributed to community events, extended store hours, and a growing preference for weekend leisure activities. Cafes, restaurants, and takeaway outlets have seen a marked uplift, with anecdotal reports suggesting that families are increasingly choosing Sundays for outings and dining experiences.
The report also highlights strong brand affinity among Albany residents, with local preferences leaning towards small local outlets and boutiques as well as the national retailers such as Kmart, Chicken Treat, Dome Café, and Red Dot, which continue to perform strongly in the region. These brands benefit from high penetration and loyalty, reflecting the community’s consistent shopping habits.
Overall, the economic indicators from the City of Albany reflect a thriving local economy, driven by family spending and evolving consumer habits. With continued support from residents and strategic initiatives, including vibrant events, infrastructure improvements, and business incentives, Albany is well-positioned for sustained growth and prosperity.
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