Albanvale vs Port Melbourne
Property investment comparison - Albanvale, VIC 3021 vs Port Melbourne, VIC 3207
Head-to-head across core investment metrics: Albanvale wins 5, Port Melbourne wins 0. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Albanvale | Port Melbourne |
|---|---|---|
| Median house price | $690K | - |
| Median unit price | - | $740K |
| Gross rental yield (houses) | 3.74% | 2.93% |
| Gross rental yield (units) | 5.00% | 4.95% |
| 1-year house growth | +10.4% | +0.0% |
| 3-year house growth | +13.4% | -8.8% |
| Vacancy rate | 0.6% | 1.1% |
| Population | 5,641 | 17,633 |
Albanvale vs Port Melbourne: what the numbers say
On cash flow, Albanvale leads: houses there return a gross rental yield of 3.74%, compared with 2.93% in Port Melbourne, a gap of 0.81 percentage points.
Over the past year house prices moved +10.4% in Albanvale and +0.0% in Port Melbourne, so recent momentum favours Albanvale, although both suburbs recorded growth.
Looking back three years, Albanvale houses are +13.4% and Port Melbourne houses -8.8%, so Albanvale has compounded faster than Port Melbourne over the longer window.
Rental vacancy is 0.6% in Albanvale and 1.1% in Port Melbourne, so landlords in Albanvale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Port Melbourne is the bigger suburb, with a population of 17,633 against 5,641, roughly 3.1 times the size of Albanvale; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Albanvale for rental income, Albanvale for recent price momentum, Albanvale for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Full profile
Port Melbourne, VIC 3207
Open Port Melbourne suburb profileRecent sales in Port Melbourne
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison