Market snapshot
Suburb insights for Albert Park3206
Change suburbAlbert 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.
Sales data
Median sale price
$2.1mil
Quarterly price change
-8.7%
Metro Melbourne Comparison
$923k
2.7%
| Bedrooms | Albert Park | Metro comparison |
|---|---|---|
| 2 | $1,370,000 | $881,200 |
| 3 | $2,340,000 | $810,000 |
| 4 | $3,100,000 | $942,350 |
| Insight | Albert Park | Metro comparison |
|---|---|---|
| Clearance rate | 80% | 78.5% |
| Days on market | 33 | 42 |
Rental data
Median weekly rent
$920
Rental yield
2.1%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Albert Park | Metro comparison |
|---|---|---|
| 2 | $750 | $580 |
| 3 | $1,165 | $550 |
| 4 | $1,345 | $600 |
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