Albert Park
- There are around 6,047 residents living in Albert Park
- Most residents are singles, with 27% aged 60+ years old
- Majority of homes are townhouses lived in by renters
Property price trends
These median prices may indicate the common property values in this area and how they have changed over the last 5 years. Source: CoreLogic
$2,277,951
House median sale price
5.6% Decline
L
ast 12 months
$794,889
Unit median sale price
7.9% Decline
L
ast 12 months
Median price trend
This could show if the area is improving, suggesting future growth, or declining which may offer short-term buying opportunities.
Showing the trend for house prices over the last 5 years. Source: CoreLogic
Market activity
A snapshot of how quickly properties are selling in the area and how many are currently available.
35 Days
House median days on market
N/A
Unit median days on market
147 Properties
Sold in last 12 months
44 Properties
Available in the last month
Suburb snapshot
Last month Albert Park had 44 properties on sale, with 147 properties being sold in the past 12 months. The median property sale price over the last 12 months for houses has been $2,277,951, which has decreased by 5.6%. The median sale price for units has been around $794,889 and has decreased by 7.9%. If you are looking to rent or are interested in purchasing an investment property, the median weekly rent for a house in Albert Park is around $885 and has decreased by 0.4% over the past 12 months. Meanwhile, the median weekly rent for a unit is around $525 and has increased by 11.7%.
There are around 6,047 residents living in Albert Park. They are predominantly made up of singles, living in townhouses with the majority being renters. The most common occupations for locals are professionals, managers, and clerical and administrative workers. Albert Park also has a number of primary and secondary schools nearby, including South Melbourne Park Primary School (primary) and Albert Park College (secondary).
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What's on the market
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Albert Park residents
Key characteristics of the residents in the area, open the breakdown to see more detail for each category.
60+
Is the most common age range
Renters
Most common occupant type
Singles
Most common household profile
Professionals
Most common occupation
Townhouses
Most common property type
Occupant status
This may indicate the likelihood of long term residence as owners are less likely to move. The most common are renters.
2,627
Total properties
Renters
(36%)
Outright Owners
(35%)
Mortgaged Owners
(23%)
Other
(5%)
Community Housing
(0%)
Property types
This may indicate the likelihood of you finding your ideal property type in the area. The most common are townhouses.
3,316
Total properties
Townhouses
(55%)
Apartments
(27%)
Detached Houses
(17%)
Other
(1%)
Age ranges
This may indicate what stage of life these residents are at. The most common is 60+.
Under 18
19-30
31-40
41-50
51-60
60+
Household profiles
This may indicate likelihood of noise, activity or community events based on who lives here. The most common profile is singles.
Lone Parents
Couples
Families
Singles
Other
Individual yearly income
This may indicate the affluence of individuals in the area. The average income band is $0k - $34k per year.
4,398
individuals
$0k - $34k
(25%)
$35k - $78k
(25%)
$182k+
(20%)
$104k - $182k
(18%)
$79k - $103k
(12%)
Occupations
The top 5 occupations in Albert Park.
1
2
3
4
5
Nearby education
Schooling and educational options in the area, for all ages.
South Melbourne Park Primary School
K - Yr 6
Government
Albert Park Primary School
K - Yr 6
Government
Get a wider view
Widen your research to learn about the council or state that Albert Park belongs to.
Port Phillip Council
View the council data
Victoria
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Explore surrounding suburbs
Learn about neighbouring suburbs to see if they are better suited to your budget or lifestyle.
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