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
$2.8mil
Quarterly price change
24.2%
Metro Melbourne Comparison
$953k
-3.1%
| Bedrooms | Albert Park | Metro comparison |
|---|---|---|
| 2 | $1,605,000 | $950,000 |
| 3 | $2,553,000 | $872,000 |
| 4 | $3,310,000 | $990,000 |
| Insight | Albert Park | Metro comparison |
|---|---|---|
| Clearance rate | 75% | 68.8% |
| Days on market | 30 | 42 |
Rental data
Median weekly rent
$950
Rental yield
2%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Albert Park | Metro comparison |
|---|---|---|
| 2 | $845 | $600 |
| 3 | $1,200 | $560 |
| 4 | - | $600 |
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