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Albert Park, VIC 3206
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,465,000
market range $2.4M-$2.5M
Median Unit
$775,000
list-price estimate
Gross Yield (units)
3.2%
1yr Growth (houses)
+1.4%
market range -5.0% to +7.5%
Investment snapshot for Albert Park
Albert Park has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Albert Park market and investor summary
In Albert Park, VIC 3206, the median house sells for around $2.5M. House prices have moved +1.4% over the past year. At 1.8% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.8% and a resident base that is not shrinking. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth.
Living in Albert Park: people, income and schools
About 6,044 people live in Albert Park, a number that has held fairly steady over five years. At a median age of 46, it reads as skewed a little older, and families account for 64% of households.
The typical household income runs to around $132,000 a year (about $2,530 a week). On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 18.7 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 79 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Albert Park sits about 3.6 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 87 for walkability and 100 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 6,044
- +2% over 5yr
- Median age
- 46 years
- Median household income
- $132,000/yr
- Households renting
- 37%
- Family households
- 64%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 79
- avg ICSEA 1153
- Unemployment
- 2.9%
- Distance to CBD
- 3.6 km
- Walk score
- 87/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Albert Park
View all →Frequently asked questions about Albert Park
What should I check before investing in Albert Park?
Albert Park has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.8% vacancy) gives landlords pricing power and low rental downtime. Walkability score of 87 broadens the tenant pool beyond car-dependent renters. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Albert Park?
The median property price in Albert Park, VIC 3206 is $2.5M for houses.
What rental yield does Albert Park show?
The gross rental yield in Albert Park is 3.2% 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 Albert Park?
House prices in Albert Park are up 1.4% over the past year. 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 Albert Park?
The current vacancy rate in Albert Park is 1.8%. 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 Albert Park?
Albert Park has a population of approximately 6,044 residents, with a median age of 46.
What schools are near Albert Park?
There are 79 schools within roughly 5km of Albert Park. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Albert Park affordable to buy in?
A median house in Albert Park costs about 18.7 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 Albert Park's population growing?
The population of Albert Park has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Albert Park from the CBD?
Albert Park is about 3.6 km from the CBD.
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