VIC/
Albert park

Suburb Profile

Albert Park - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3206

house
unit

Property investors enjoyed capital gains of 12.24% over the last 12 months in ALBERT PARK, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 9.21% growth over a ten-year period. It ranks 180th on our list of suburbs that property investors should look into.

ALBERT PARK, 3206 has a capital gain of 12.24% for the past year, which is higher than average compared to its 42.59% growth within a five-year period.

With the median home price in ALBERT PARK sitting at $1,925,000, and the average rent at $750, property owners could potentially earn a 2.03% increase in gross rental yield.

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

ALBERT PARK, 3206 in VIC belongs to the local government area of Port Phillip.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,925,000 $790,000
GROWTH REPORT
Median Quarterly 2.53% -15.42%
Median 12 month 12.24% -3.07%
Median 3 years 31.18% 8.97%
Median 5 years 42.59% 14.08%
10 years average annual 9.21% 10.84%
Weekly media advert. rent $750 $450
Time on Market 47.0 days 0.0 days
Gross Rental Yield Percent 2.03% 2.96%
demographics (median values)
Total Population
5828
Weekly Household Income
1613
Household Size
2.10
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type
promoted stories