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.
Recent sales and auction results in Albert Park
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 5/370 Montague St, Albert park | 2 |  | House (Res) | Passed in Vendor Bid | 13/12/2024 | Jellis Craig | View |
| 14 Canterbury Rd, Albert park | 4 |  | House (Res) | Auction Sale | 13/12/2024 | Belle Property Albert Park | View |
| 33 Kerferd Rd, Albert park | 4 | | House (Res) | Auction Sale | 13/12/2024 | Jellis Craig | View |
Sales data
Median sale price
$2.5mil
Quarterly price change
27.8%
Metro Melbourne Comparison
$916k
0.1%
| Bedrooms | Albert Park | Metro comparison |
|---|---|---|
| 2 | $1,505,000 | $902,000 |
| 3 | $2,340,000 | $807,500 |
| 4 | $3,545,000 | $950,000 |
| Insight | Albert Park | Metro comparison |
|---|---|---|
| Clearance rate | 70% | 73.3% |
| Days on market | 35 | 42 |
Rental data
Median weekly rent
$898
Rental yield
2.2%
Metro Melbourne Comparison
$575
3.3%
| Bedrooms | Albert Park | Metro comparison |
|---|---|---|
| 2 | $775 | $560 |
| 3 | $1,200 | $550 |
| 4 | - | $595 |
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