Albert Park, VIC 3206
Compare Part of Port Phillip
3.08 km
Distance from Melbourne CBD
10 k
Population
Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 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 | $2,220,000 | +5.4% | $1,050,000 | $8,198,000 | 129 |
Median Sale Price
$2.25M
Based on 130 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
+6.5%
Current Median Price: $2,245,000
Previous Median Price: $2,100,000
Based on 215 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 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 | $890 | +1.1% | $525 | $2,800 | 152 |
Median Rent Price
$890
per week
Based on 154 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+1.1%
Current Median Rent: $890
Previous Median Rent: $880
Based on 324 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.1%
Current Median Price: $2,245,000
Current Median rent: $890
Based on 284 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Albert Park
Houses sold in Last 12 months ends 21 Dec 2024
$2.41M
Median Sale Price
61%
Clearance Rate
48/79
Sold/Reported
$6.85M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 4 | |
| $2 M - $3 M (Median Price Range) | 6 | |
| $1.4 M - $1.6 M | 1 | |
| $1.2 M - $1.4 M | 5 | |
| $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 |