2. VIC
  3. Port Phillip

Albert Park VIC 3206

Houses Units

Here you can find what you need to know about Albert Park, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$2.2M Median Sale Price (National Average $485k) 31st In VIC
-8.04% Median Sale Price Change (1yr) (National Average 4.30%) 2691st In VIC
$850pw Median Rent (National Average $395) 29th In VIC
2.0% Median Gross Yield (National Average 4.24%) 565th In VIC
Properties sold 102
Average discounting -4.68%
Average Days on Market 58
Stock on Market 69 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Albert Park, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Albert Park, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Albert Park, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Albert Park


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Albert Park, VIC 3206

Part of: Port Phillip Council No data available

The size of Albert Park is approximately 2.8 square kilometres. It has 10 parks covering nearly 55.1% of total area. The population of Albert Park in 2011 was 5,954 people. By 2016 the population was 6,185 showing a population growth of 3.9% in the area during that time. The predominant age group in Albert Park is 40-49 years. Households in Albert Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Albert Park work in a professional occupation. In 2011, 56.5% of the homes in Albert Park were owner-occupied compared with 58.9% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Albert Park

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Albert Park   for Houses in last 12 months


There have been 102 Houses sold in Albert Park in the past 12 months with a median sale price of $2.2M, down 8.0% annually. It takes on average 37 days to sell with vendor discounting of -4.7%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Middle Park VIC, 3206 12.96% $2,780,000 $950pw 1.8% View Suburb Profile
Surrey Hills VIC, 3127 -0.43% $2,340,000 $880pw 2.0% View Suburb Profile
Albert Park SA, 5014 22.31% $795,000 $570pw 3.7% View Suburb Profile
South Melbourne VIC, 3205 -2.70% $1,605,500 $750pw 2.4% View Suburb Profile
Port Melbourne VIC, 3207 0.78% $1,612,500 $825pw 2.7% View Suburb Profile
Melbourne VIC, 3000 Unavailable $375,000 $575pw 8.0% View Suburb Profile

Currency

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