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Investment Property Albert Park, VIC, 3206

Suburb Snapshot

Albert Park is a suburb in the Port Phillip Region of Victoria. Albert Park has a population of 6,216 people and 31.57% of its occupants live in rental accommodation. The median listing price for houses is $1,850,000 and this has changed 2.77% over the past year and changed -17.78% over 2 years.

The median rent in Albert Park for houses is $855 per week and the median rental yield is 2.40%. Stock on the market for houses/townhouses has changed -22.86% compared to last year and the average time to sell a house/townhouse is 40 days.The median listing price for units is $772,500 and this has changed 3.13% over the past year. The average unit takes 51 days to sell and the median rent for a unit in Albert Park is $500 per week, producing a rental yield of 3.36%.

Supply & Demand in Albert Park, Port Phillip

0.81%

Current vacancy rate


26

Rental stock available


6,216

Population


31.57%

Rental population


1.61%

Current vacancy rate


855

Rental stock available


100,866

Population


43.19%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Albert Park, Port Phillip

  House Townhouses Units
Median listing price $1,850,000 NA $772,500
Median price change - last quarter -7.50% NA 3.00%
Median price change - 1 year 2.77% NA 3.13%
Median price change - 2 years -17.78% NA 3.06%
  House Townhouses Units
Median weekly rent $855 NA $500
Median yield % 2.40% NA 3.36%
Median rent change - 1 year 0.58% NA 5.26%
  House Units
Previous month sales 13 0
Stock on market previous month 27 7
Stock variance vs. last year -22.86% 75.00%
Average days on market 40 51

Albert Park investment property listings

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