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AREA REPORTS

Albion

Suburb Profile

Albion - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3020

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 12.74% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $672,500

The augmented property values in the suburb are trailing behind the territorial average of 0.93% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $380.

Home owners selling their properties and realtors in ALBION usually have to wait an average of 90.9 days days before their assets are lifted off the market.

The VIC suburb ranks 466th on the list of best yielding suburbs for rental properties in VIC, posting a 2.94% return.

It also places places 359th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $672,500 $341,500
GROWTH REPORT
Median Quarterly 1.13% -22.39%
Median 12 month -4.75% 13.46%
Median 3 years 12.74% 43.49%
Median 5 years 56.58% 41.41%
10 years average annual 7.6% 5.93%
Weekly media advert. rent $380 $280
Time on Market 90.9 days 83.5 days
Gross Rental Yield Percent 2.94% 4.26%
demographics (median values)
Total Population
3764
Weekly Household Income
681.7
Household Size
2.30
demographics
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