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.

Sales data

Median sale price
$2.4mil
Quarterly price change
14.9%
Metro Melbourne Comparison
$924k
0.4%
BedroomsAlbert ParkMetro comparison
2$1,370,000$890,000
3$2,412,500$815,000
4$3,650,000$950,000
InsightAlbert ParkMetro comparison
Clearance rate71.4%79.5%
Days on market34.539

Rental data

Median weekly rent
$890
Rental yield
2%
Metro Melbourne Comparison
$580
3.3%
BedroomsAlbert ParkMetro comparison
2$765$580
3$1,100$550
4-$600
Median data for the current quarter
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