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Albion
AREA REPORTS

Albion

Albion - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4010

house
unit

Property investors enjoyed capital gains of 17.28% over the last 12 months in ALBION, translating to lower returns compared with its peers in QLD.

Figures from the previous quarter show that capital gains for real estate buyers in ALBION are high, as opposed to average gains per annum over the past five years.

The suburb posted a 21.97% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

On average, rents on listings have reached the $580 mark, reflecting a 3.04% increase in returns based on the current median price in ALBION.

ALBION, 4010 ranks 653rd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 631st on the list of best yielding suburbs for rental properties in QLD, posting a 3.04% return.

Data report can be found below

Albion
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $991,000 $461,500
GROWTH REPORT
Median Quarterly 9.5% 5.61%
Median 12 month 17.28% 15.38%
Median 3 years 21.97% 14.23%
Median 5 years 39.58% 2.56%
10 years average annual 5.47% 1.72%
Weekly media advert. rent $580 $410
Time on Market 51.5 days 73.4 days
Gross Rental Yield Percent 3.04% 4.62%
demographics (median values)*
Total Population
1941
Weekly Household Income
1059
Household Size
2.00
Age
34
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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