VIC/
Albert park

Suburb Profile

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

house

Property investors enjoyed capital gains of 17.83% 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 7.84% growth over a ten-year period. It ranks 619th on our list of suburbs that property investors should look into.

ALBERT PARK, 3206 has a capital gain of 17.83% for the past year, which is higher than average compared to its 70.2% growth within a five-year period.

With the median home price in ALBERT PARK sitting at $2,127,500, and the average rent at $790, property owners could potentially earn a 1.93% 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 $2,127,500 N/A
GROWTH REPORT
Median Quarterly -1.05% N/A
Median 12 month 17.83% N/A
Median 3 years 43.65% N/A
Median 5 years 70.2% N/A
10 years average annual 7.84% N/A
Weekly media advert. rent $790 N/A
Time on Market 59.5 days N/A
Gross Rental Yield Percent 1.93% N/A
demographics (median values)
Total Population
5828
Weekly Household Income
1613
Household Size
2.10
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Albert Park, VIC
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