Albert Park, VIC 3206
Compare Part of Port Phillip
3.08 km
Distance from Melbourne CBD
10 k
Population
Auction Times
Sat 30 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 388 Ferrars Street 3 1 0 House | 10:00 AM Sat 30th Nov | Biggin & Scott |
 | 4 Faussett Street 3 2 0 House | 11:30 AM Sat 30th Nov | Marshall White |
| 4 Faussett Street 3 2 0 House | 11:30 AM Sat 30th Nov | Marshall White |
 | 10-12 Dundas Place 5 2 1 House | 1:00 PM Sat 30th Nov | James Nicolaou Real Estate |
 | 28 Young Street 3 2 0 House | 1:00 PM Sat 30th Nov | Marshall White |
 | 10-12 Dundas Place 5 2 1 House | 1:00 PM Sat 30th Nov | James Nicolaou Real Estate |
| 28 Young Street 3 2 0 House | 1:00 PM Sat 30th Nov | Marshall White |
| 10-12 Dundas Place 5 2 1 House | 1:00 PM Sat 30th Nov | James Nicolaou Real Estate |
 | 8 Graham Street 4 3 2 House | 2:30 PM Sat 30th Nov | Greg Hocking Real Estate |
 | 8 Greig Street 4 2 1 House | 2:30 PM Sat 30th Nov | Marshall White |
| 8 Greig Street 4 2 1 House | 2:30 PM Sat 30th Nov | Marshall White |
| 8 Graham Street 4 3 2 House | 2:30 PM Sat 30th Nov | Greg Hocking Real Estate |
Median Sale Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $1,000,000 | 0.0% | $2,000 | $2,700,000 | 118 |
| 2010 | $1,242,500 | +19.5% | $425,000 | $7,010,000 | 118 |
| 2011 | $1,370,000 | +9.3% | $605,000 | $6,620,000 | 108 |
| 2012 | $1,272,500 | -7.7% | $670,000 | $3,350,000 | 113 |
| 2013 | $1,480,000 | +14.0% | $582,500 | $6,200,000 | 169 |
| 2014 | $1,510,000 | +2.0% | $790,000 | $4,300,000 | 120 |
| 2015 | $1,590,000 | +5.0% | $840,000 | $7,500,000 | 102 |
| 2016 | $1,900,000 | +16.3% | $985,000 | $7,805,000 | 92 |
| 2017 | $2,150,000 | +11.6% | $1,018,000 | $6,475,000 | 112 |
| 2018 | $2,070,000 | -3.9% | $4,000 | $5,480,000 | 76 |
| 2019 | $2,010,000 | -3.0% | $855,000 | $8,370,000 | 90 |
| 2020 | $1,885,000 | -6.6% | $850,000 | $9,220,000 | 83 |
| 2021 | $2,550,000 | +26.1% | $1,115,000 | $11,400,000 | 188 |
| 2022 | $2,520,000 | -1.2% | $955,000 | $9,300,000 | 120 |
| 2023 | $2,100,000 | -20.0% | $1,125,000 | $13,845,000 | 85 |
| 2024 | $2,245,000 | +6.5% | $1,050,000 | $8,198,000 | 108 |
Median Sale Price
$2.3M
Based on 122 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
+8.8%
Current Median Price: $2,302,500
Previous Median Price: $2,100,000
Based on 198 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2024)
Price Range Segments (12 months ending Oct 2024)
Median Weekly Rent Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $650 | 0.0% | $335 | $4,250 | 130 |
| 2012 | $750 | +13.3% | $275 | $3,000 | 167 |
| 2013 | $700 | -7.1% | $425 | $1,700 | 172 |
| 2014 | $695 | -0.7% | $350 | $4,500 | 134 |
| 2015 | $730 | +4.8% | $250 | $2,100 | 254 |
| 2016 | $750 | +2.7% | $250 | $2,200 | 207 |
| 2017 | $750 | 0.0% | $60 | $2,500 | 191 |
| 2018 | $795 | +5.7% | $300 | $3,500 | 243 |
| 2019 | $800 | +0.6% | $390 | $3,000 | 237 |
| 2020 | $750 | -6.7% | $350 | $2,925 | 224 |
| 2021 | $780 | +3.8% | $350 | $2,700 | 199 |
| 2022 | $800 | +2.5% | $450 | $2,100 | 191 |
| 2023 | $880 | +9.1% | $410 | $2,500 | 169 |
| 2024 | $900 | +2.2% | $525 | $2,800 | 143 |
Median Rent Price
$900
per week
Based on 162 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+2.2%
Current Median Rent: $900
Previous Median Rent: $880
Based on 335 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2%
Current Median Price: $2,302,500
Current Median rent: $900
Based on 284 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 2024)
Auction Results For Albert Park
Houses sold in Last 12 months ends 16 Nov 2024
$2.51M
Median Sale Price
59%
Clearance Rate
43/74
Sold/Reported
$6.85M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 5 | |
| $2 M - $3 M (Median Price Range) | 6 | |
| $1.8 M - $2 M | 1 | |
| $1.4 M - $1.6 M | 1 | |
| $1.2 M - $1.4 M | 4 | |
| $1 M - $1.2 M | 1 | |
Similar Suburbs to Albert Park 3206
Based on median house sale price sold in last 12 months
Schools closest to Albert Park, VIC 3206
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Albert Park Primary School | BRIDPORT STREETAlbert Park 3206 | Primary | Government | 0.32 km |
| Galilee Regional Catholic Primary School | MONTAGUE STREET & BANK STREETSouth Melbourne 3205 | Primary | Catholic | 0.56 km |
| Middle Park Primary School | 194 RICHARDSON STREETMiddle Park 3206 | Primary | Government | 0.84 km |
| Albert Park College | 83 DANKS STREETAlbert Park 3206 | Secondary | Government | 0.84 km |
| Victorian College Of The Arts Secondary SchoolTop 50 | 57 MILES STREETSouthbank 3006 | Secondary | Government | 1.58 km |
| MacRobertson Girls High SchoolTop 5 | 350-370 KINGS WAYMelbourne 3004 | Secondary | Government | 1.52 km |
| Melbourne Grammar School | DOMAIN ROADMelbourne 3004 | Combined | Independent | 1.77 km |