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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 $694,500 and this has changed 5.22% over the past year and changed 0.65% over 2 years.

The median rent in Albion for houses is $460 per week and the median rental yield is 3.44%. Stock on the market for houses/townhouses has changed -28.57% compared to last year and the average time to sell a house/townhouse is 100 days.The median listing price for units is $280,000 and this has changed 12.00% over the past year. The average unit takes 144 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

1.14%

Current vacancy rate


27

Rental stock available


4,733

Population


38.63%

Rental population


0.69%

Current vacancy rate


530

Rental stock available


194,317

Population


23.53%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Albion, Brimbank

  House Townhouses Units
Median listing price $694,500 $640,000 $280,000
Median price change - last quarter 2.98% -1.62% 0.00%
Median price change - 1 year 5.22% 26.10% 12.00%
Median price change - 2 years 0.65% 20.75% -1.76%
  House Townhouses Units
Median weekly rent $460 $500 $350
Median yield % 3.44% 4.06% 6.50%
Median rent change - 1 year 2.22% 21.95% 12.90%
  House Units
Previous month sales 5 3
Stock on market previous month 20 15
Stock variance vs. last year -28.57% 25.00%
Average days on market 100 144

Albion investment property listings

Showing 5 of 34 investment properties found in Albion on realestateinvestar.com.au

17/2-4 The Gables, Albion

$230,000

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Newly Renovated Apartment in Prime Albion Location

Set in a complex in the heart of Albion, this renovated one-bedroom apartment presents an exceptional opportunity for the savvy investor. Positioned on the upper level for added privacy and security, it comes with a quality tenant already in place, offering immediate returns and peace of mind. ...

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Unit

VIC 3020


33 Burnewang St, Albion

$780,000

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Clinker Classic In Beloved Family Locale.

Nestled in one of Albion's most desirable locations, this charming and authentic clinker-brick home offers an exceptional opportunity. Set on a generous 697m² north-facing allotment, the property is rich in character and presents endless potential for the future. ***At no extra cost you will be ...

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House

VIC 3020


2/117 Anderson Rd, Albion

$265,000

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SURPRISINGLY SPACIOUS

Opportunities to secure an apartment of this generous size and classic layout are rare. Thoughtfully designed, this well-proportioned home features a spacious living area seamlessly connected to a separate kitchen, complete with abundant timber cabinetry. Offering two generously sized bedrooms and ...

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Unit

VIC 3020


10 Kamarooka St, Albion

$758,000

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Renovated Heritage Gem in a Quiet Tree-Lined Street

Step into timeless elegance with this beautifully renovated 2-bedroom heritage home that seamlessly blends period charm with modern comfort. Nestled in a tranquil tree-lined street, this property is perfect for a professional couple seeking a serene space to call home. With high ceilings, stunning ...

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House

VIC 3020


7/123 Anderson Rd, Albion

$270,000

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LIVE, INVEST, OR ADD TO YOUR PORTFOLIO

Perfectly positioned near everyday amenities, this apartment is an attractive choice for investors and future homeowners alike. Currently tenanted, it offers immediate income potential. The apartment features a welcoming entryway, leading to a spacious living area with dedicated dining space and a ...

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Unit

VIC 3020


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