Albert Park vs Camberwell
Property investment comparison - Albert Park, VIC 3206 vs Camberwell, VIC 3124
Head-to-head across core investment metrics: Albert Park wins 3, Camberwell 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 | Albert Park | Camberwell |
|---|---|---|
| Median house price | $2.5M | $2.5M |
| Median unit price | - | - |
| Gross rental yield (houses) | - | 2.26% |
| Gross rental yield (units) | 3.19% | - |
| 1-year house growth | +1.4%estimate | -3.8% |
| 3-year house growth | - | -0.3% |
| Vacancy rate | 1.8% | 2.6% |
| Population | 6,044 | 21,965 |
Albert Park vs Camberwell: what the numbers say
The median house price is $2.5M in Albert Park and $2.5M in Camberwell, so Albert Park is the cheaper entry point, with Camberwell houses about 2% dearer.
Over the past year house prices moved +1.4% in Albert Park (an estimate) and -3.8% in Camberwell, so recent momentum favours Albert Park, while Camberwell went backwards.
Rental vacancy is 1.8% in Albert Park and 2.6% in Camberwell, so landlords in Albert Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Camberwell is the bigger suburb, with a population of 21,965 against 6,044, roughly 3.6 times the size of Albert Park; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Albert Park for a lower purchase price, Albert Park for recent price momentum, Albert Park for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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
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