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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 5.71% over the past year and changed -15.91% over 2 years.

The median rent in Albert Park for houses is $860 per week and the median rental yield is 2.41%. Stock on the market for houses/townhouses has changed -5.00% compared to last year and the average time to sell a house/townhouse is 42 days.The median listing price for units is $840,000 and this has changed 24.44% over the past year. The average unit takes 63 days to sell and the median rent for a unit in Albert Park is $505 per week, producing a rental yield of 3.12%.

Supply & Demand in Albert Park, Port Phillip

0.99%

Current vacancy rate


32

Rental stock available


6,216

Population


31.57%

Rental population


1.64%

Current vacancy rate


874

Rental stock available


100,866

Population


43.19%

Rental population


0.93%

Current vacancy rate


28,886

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 $840,000
Median price change - last quarter -7.50% NA 3.00%
Median price change - 1 year 5.71% NA 24.44%
Median price change - 2 years -15.91% NA 12.14%
  House Townhouses Units
Median weekly rent $860 NA $505
Median yield % 2.41% NA 3.12%
Median rent change - 1 year 1.17% NA 2.02%
  House Units
Previous month sales 8 1
Stock on market previous month 19 7
Stock variance vs. last year -5.00% 75.00%
Average days on market 42 63

Albert Park investment property listings

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