Albert Park snapshot
- Median price: $1,142,500
- Median weekly rent: $959/wk
- Population: 15,825
- Days on market: 64 days
How Albert Park stacks up
- Rental Yield: Moderate
- Capital Growth: Soft
- Vacancy: Average
About Albert Park
Albert Park, located in Victoria, is a suburb that presents a unique opportunity for property investors. With a median property price of $1,142,500, it attracts a diverse demographic, evidenced by its population of 15,825. The suburb's appeal is further enhanced by its proximity to the Melbourne city centre, offering residents a desirable lifestyle with access to amenities and recreational areas.
While the capital growth in Albert Park has been classified as soft, the rental market shows promise with a median weekly rent of $959. The average rental vacancy indicates a steady demand for rental properties, making it a viable option for investors seeking moderate rental yields. With typical days on the market averaging 64, investors may find opportunities to secure properties that can benefit from the suburb's ongoing development and community appeal.
Frequently asked questions
What is the median property price in Albert Park?
The median property price in Albert Park is $1,142,500.
How much is the median weekly rent?
The median weekly rent in Albert Park is $959.
What is the population of Albert Park?
Albert Park has a population of 15,825.
How long do properties typically stay on the market?
Properties in Albert Park typically stay on the market for about 64 days.
What is the rental yield like in Albert Park?
The rental yield in Albert Park is considered moderate.