Albert Park

POSTAL CODE: VIC, 3206

HOUSE

UNIT

Property investors enjoyed capital gains of 5.36% 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 3.9% growth over a ten-year period. It ranks 3420th on our list of suburbs that property investors should look into.

ALBERT PARK, 3206 has a capital gain of 5.36% for the past year, which is lower than average compared to its 27.18% growth within a five-year period.

With the median home price in ALBERT PARK sitting at $2,410,000, and the average rent at $982.5, property owners could potentially earn a 2.12% 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.

Based on its average 5-year and quarterly capital gains ALBERT PARK, 3206 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 the VIC suburb obtained a 12.11% growth over a ten-year period. It ranks 1589th on our list of suburbs that property investors should look into.

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

ALBERT PARK, 3206 has a capital gain of -33.33% for the past year, which is lower than average compared to its 14.29% growth within a five-year period.

With the median home price in ALBERT PARK sitting at $1,000,000, and the average rent at $625, property owners could potentially earn a 3.25% increase in gross rental yield.

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

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,410,000	$1,000,000
Growth Report
Median Quarterly	2.55%	21.95%
Median 12 month	5.36%	-33.33%
Median 3 years	0.25%	-28.06%
Median 5 years	27.18%	14.29%
10 years average annual	3.9%	12.11%
Weekly media advert. rent	$983	$625
Time on Market	50.2 days	N/A
Gross Rental Yield Percent	2.12%	3.25%

Demographics (Median Values)*

Total Population 10359

Weekly Household Income 2301

Household Size 2.30

Average Age 43

Monthly Loan Repayment 3000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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