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.
Median data for March Quarter 2024. Click here for details.
Median Sale Price
$2m
Metro Melbourne
$929k
Quarterly Price Change
-7.8%
2%
Median Rent
$865
$550
Rental Yield
2.1%
3.1%
$1.19m
$630k
Annual Price Change
n/a
-1.6%
$545
$520
2.4%
4.3%
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