Market snapshot
Suburb insights for Albert Park3206
Change suburbAlbert Park is a prestigious suburb just 3 km south of Melbourne’s CBD, offering a blend of historic Victorian homes, tree-lined boulevards, and bayside living. The suburb surrounds Albert Park Lake, a popular venue for running, sailing, and the annual Formula 1 Grand Prix. With boutique shops and cafés on Bridport Street and Victoria Avenue, Albert Park attracts families, professionals, and retirees seeking a fined coastal lifestyle close to the city.
Sales data
Median sale price
$2mil
Quarterly price change
-28.2%
Metro Melbourne Comparison
$943k
-0.7%
| Bedrooms | Albert Park | Metro comparison |
|---|---|---|
| 2 | $1,612,500 | $930,500 |
| 3 | $2,564,000 | $870,000 |
| 4 | $3,087,500 | $990,000 |
| Insight | Albert Park | Metro comparison |
|---|---|---|
| Clearance rate | 69.4% | |
| Days on market | 30 | 45 |
Rental data
Median weekly rent
$975
Rental yield
2.1%
Metro Melbourne Comparison
$590
3.2%
| Bedrooms | Albert Park | Metro comparison |
|---|---|---|
| 2 | $850 | $615 |
| 3 | $1,275 | $570 |
| 4 | $1,573 | $600 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.