Albert Park

POSTAL CODE: SA, 5014
HOUSE

Property investments in ALBERT PARK fare well against the rest of the country last year, registering a median home price increase of 13.55%.

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

Based on its average 5-year and quarterly capital gains ALBERT PARK, 5014 saw average growth in the long term.

Real estate investors could earn a rental income of $615 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 60.7 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $880,000.

ALBERT PARK ranks 188th on the list of best yielding suburbs for rental properties in SA, posting a 3.63% return.

Surburb overview

Albert Park, situated approximately 10 kilometres northwest of Adelaide's central business district, is a residential suburb in South Australia. It falls under the jurisdiction of the City of Charles Sturt, a local government area known for its diverse and growing communities. The suburb has a population of around 3,000 residents, with a demographic mix that includes families, singles, and older adults. The area is characterised by a blend of older homes and modern developments, reflecting its evolving nature.

Public transportation in Albert Park is well-serviced by Adelaide Metro buses and the nearby Albert Park railway station, offering direct routes to Adelaide's CBD and surrounding areas. This makes commuting convenient for those working in the city or accessing services in nearby suburbs. The suburb is also well-connected by major roads, including Port Road and the North-South Motorway, facilitating easy travel by car.

Albert Park is close to several educational institutions, including Woodville High School and various primary schools in the neighbouring suburbs, catering to the needs of families with school-aged children. The suburb is also near several parks and recreational facilities, such as St Clair Recreation Centre, which provides sports and fitness activities for the local community. The nearby Westfield West Lakes shopping centre offers a range of retail, dining, and entertainment options, ensuring that residents have access to essential services and leisure activities.

Recreational opportunities in Albert Park include easy access to the beaches along Adelaide’s coastline, which are only a short drive away. The suburb’s proximity to both the city and coastal areas makes it an attractive location for those seeking a balanced lifestyle that combines urban convenience with outdoor leisure options. Additionally, the nearby St Clair Wetlands and Reserve offer opportunities for walking, cycling, and enjoying the natural environment, contributing to the suburb’s appeal as a desirable place to live.

You’re out of free articles for this month
Loading form...