Albanvale

POSTAL CODE: VIC, 3021
HOUSE

Based on its average 5-year and quarterly capital gains ALBANVALE, 3021 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that ALBANVALE, 3021 obtained a 7.12% growth over a ten-year period. It ranks 1848th on our list of suburbs that property investors should look into.

ALBANVALE, 3021 in VIC belongs to the local government area of Brimbank.

ALBANVALE, 3021 has a capital gain of 7.06% for the past year, which is higher than average compared to its 21.1% growth within a five-year period.

With the median home price in ALBANVALE sitting at $660,000, and the average rent at $460, property owners could potentially earn a 3.62% increase in gross rental yield.

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

Surburb overview

Albanvale, bearing the postcode 3021, is a suburb approximately 18 kilometres north-west of Melbourne's Central Business District (CBD).  As of the 2021 census, it has a population of 5,641 residents. 

The suburb's diverse demographic includes young professionals, families, and retirees. Most of the population comprises couples with children, reflecting a family-friendly environment. 

Public transportation in Albanvale is well-developed, offering residents convenient access to various parts of Melbourne. The suburb is serviced by multiple bus routes, facilitating easy travel to and from the CBD and surrounding areas.  Nearby train stations such as St Albans and Keilor Plains provide further connectivity options. 

Albanvale has various essential establishments, including educational institutions, healthcare facilities, and shopping centres. The suburb boasts a variety of cafes, restaurants, and boutique shops, contributing to a vibrant local economy.  The presence of parks and recreational facilities enhances the quality of life for residents, offering spaces for leisure and community activities. 

Recreational activities are abundant in Albanvale, with numerous parks and green spaces available for public use. The picturesque Kororoit Creek provides walking, picnicking, and outdoor sports opportunities.  Additionally, the suburb's proximity to the Brimbank Central Shopping Centre offers residents access to various retail and entertainment options. 

Albanvale's blend of urban convenience and community-oriented living makes it a desirable location for diverse residents. 

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