Market snapshot

Suburb insights for Albert Park3206

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Albert Park is located 3 km south of the CBD. Located on Port Phillip Bay in Melbourne's inner south Albert Park is a primarily residential suburb with large tracts of parkland and recreation areas. Albert Park features a large number of renters and small (one and two person) households. The suburb features the Australian Formula 1 Grand Prix circuit and the Melbourne Sports and Aquatic Centre.

Recent sales and auction results in Albert Park

AddressBedroomsPriceTypeMethodSale DateAgentListing
74 Bridport St, Albert Park4PriceHouse (Res)Private Sale17/06/2024Cayzer

Sales data

Median sale price
$2mil
Quarterly price change
-7.8%
Metro Melbourne Comparison
$929k
2%
BedroomsAlbert ParkMetro comparison
2$1,560,000$920,000
3$2,275,000$810,000
4$3,670,000$965,000
InsightAlbert ParkMetro comparison
Clearance rate72.2%75.3%
Days on market4340

Rental data

Median weekly rent
$865
Rental yield
2.1%
Metro Melbourne Comparison
$550
3.1%
BedroomsAlbert ParkMetro comparison
2$775$550
3$1,150$520
4$1,500$575
Median data for the current quarter

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