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AREA REPORTS

Albert Park

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

house
unit

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 5.47% growth over a ten-year period. It ranks 1362nd on our list of suburbs that property investors should look into.

ALBERT PARK, 3206 has a capital gain of -5.03% for the past year, which is lower than average compared to its 12.97% growth within a five-year period.

With the median home price in ALBERT PARK sitting at $1,890,000, and the average rent at $742.5, property owners could potentially earn a 2.04% 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 (C).

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,890,000 $962,500
GROWTH REPORT
Median Quarterly -0.97% -8.33%
Median 12 month -5.03% -1.28%
Median 3 years -9.03% 68.56%
Median 5 years 12.97% 11.11%
10 years average annual 5.47% 12.73%
Weekly media advert. rent $742.5 $495
Time on Market 53.0 days 0.0 days
Gross Rental Yield Percent 2.04% 2.67%
demographics (median values)
Total Population
5828
Weekly Household Income
1613
Household Size
2.10
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