Albert Park, VIC 3206

Albert Park, VIC 3206

Compare Part of Port Phillip

3.08 km
Distance from CBD
10 k
Population

Auction Times

Sat 6 Apr
Auction Time Agency
23 Herbert Street
2 1 0 House
12:30 PM
Sat 6th Apr
Gary Peer & Associates (St Kilda)
Median Sale Price
House
-
Updated on Jan 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Jan 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
$2,475,000
+15.2% $1,450,000 $6,850,000 26
Median Sale Price
$2.28M
Based on 94 recorded sales within the last 12 months
Updated on 30 Mar 2024
Suburb Growth
-6.4%
Current Median Price: $2,275,000
Previous Median Price: $2,420,000
Based on 196 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Jan 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Jan 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 $2,925 223
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
$895
+1.7% $570 $2,000 25
Median Rent Price
$880
per week
Based on 152 recorded rent within the last 12 months
Updated on 30 Mar 2024
Rent Price Growth
+0.6%
Current Median Rent: $880
Previous Median Rent: $875
Based on 328 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2%
Current Median Price: $2,275,000
Current Median rent: $880
Based on 246 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)

Auction Results For Albert Park

Houses sold in Last 12 months ends 23 Mar 2024

$2.51M

Median Sale Price

67%

Clearance Rate

38/57

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 2
$1.6 M - $1.8 M 1
$1.4 M - $1.6 M 3
$1.2 M - $1.4 M 1

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