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Albanvale, VIC 3021
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$690,000
market range $625K-$750K
Median Unit
$565,000
list-price estimate
Gross Yield (houses)
3.7%
1yr Growth (houses)
+10.4%
market range +2.5% to +15.0%
Investment snapshot for Albanvale
Albanvale has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Albanvale market and investor summary
Albanvale (VIC 3021) runs a median house price of $690K, with houses yielding a gross 3.7%. House prices have moved +10.4% over the past year and +13.4% over three years. At 0.6% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.7% is neither a standout cashflow play nor a pure growth bet.
Living in Albanvale: people, income and schools
About 5,641 people live in Albanvale, a count that has slipped about 3% over five years. The median age is 38, broadly working-age, and 78% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $67,000 a year, or roughly $1,280 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to a steep 10.4 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 33% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 56 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 19 km from the CBD. It is fairly car-dependent; the suburb scores 41 for walkability and 12 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 5,641
- -3% over 5yr
- Median age
- 38 years
- Median household income
- $67,000/yr
- Households renting
- 22%
- Family households
- 49%
- Socio-economic rank
- 1/10
- ABS advantage index
- Schools within 5km
- 56
- avg ICSEA 950
- Unemployment
- 9.6%
- Distance to CBD
- 19 km
- Walk score
- 41/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Albanvale
View all →Frequently asked questions about Albanvale
What should I check before investing in Albanvale?
Albanvale has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.0%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +10.4% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Albanvale?
The median property price in Albanvale, VIC 3021 is $690K for houses.
What rental yield does Albanvale show?
The gross rental yield in Albanvale is 3.7% for houses and 5.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Albanvale?
House prices in Albanvale are up 10.4% over the past year and up 13.4% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Albanvale?
The current vacancy rate in Albanvale is 0.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Albanvale?
Albanvale has a population of approximately 5,641 residents, with a median age of 38.
What schools are near Albanvale?
There are 56 schools within roughly 5km of Albanvale. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Albanvale affordable to buy in?
A median house in Albanvale costs about 10.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Albanvale's population growing?
The population of Albanvale has fallen about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Albanvale from the CBD?
Albanvale is about 19 km from the CBD.
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