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Investment Property Albion, VIC, 3020

Suburb Snapshot

Albion is a suburb in the Brimbank Region of Victoria. Albion has a population of 4,733 people and 38.63% of its occupants live in rental accommodation. The median listing price for houses is $690,000 and this has changed 2.98% over the past year and changed 4.54% over 2 years.

The median rent in Albion for houses is $455 per week and the median rental yield is 3.42%. Stock on the market for houses/townhouses has changed -32.26% compared to last year and the average time to sell a house/townhouse is 106 days.The median listing price for units is $280,000 and this has changed 10.89% over the past year. The average unit takes 149 days to sell and the median rent for a unit in Albion is $350 per week, producing a rental yield of 6.50%.

Supply & Demand in Albion, Brimbank

1.27%

Current vacancy rate


30

Rental stock available


4,733

Population


38.63%

Rental population


0.65%

Current vacancy rate


502

Rental stock available


194,317

Population


23.53%

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 Albion, Brimbank

  House Townhouses Units
Median listing price $690,000 $610,000 $280,000
Median price change - last quarter 2.98% -1.62% 0.00%
Median price change - 1 year 2.98% 14.55% 10.89%
Median price change - 2 years 4.54% 22.12% -2.61%
  House Townhouses Units
Median weekly rent $455 $500 $350
Median yield % 3.42% 4.26% 6.50%
Median rent change - 1 year 8.33% 21.95% 12.90%
  House Units
Previous month sales 5 3
Stock on market previous month 21 9
Stock variance vs. last year -32.26% 12.50%
Average days on market 106 149

Albion investment property listings

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