Profile for Albert Park

3206

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.

Recent Sales & Auction Results in Albert Park

Address Price Type Method Sale Date Agent
Property List
1 Herbert St, ALBERT PARK 3 House (Res) Auction Sale 18/05/2019 Dixon Kestles South Melbourne

Median data for March 2019 Quarter. Click here for details.

Median Sale Price

$1.76mil

Metro Melbourne

$793k

Quarterly Price Change

-10.2%

Metro Melbourne

-1.4%

Median Rent

$760

Metro Melbourne

$450

Rental Yield

1.9%

Metro Melbourne

2.9%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 54.5% 55.6%
Days on Market 41 41
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,525,000 $865,000
3 Bedrooms $2,425,000 $730,000
4 Bedrooms $2,940,000 $870,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $650 $495
3 Bedrooms $975 $425
4 Bedrooms $1,250 $480

Median data for March 2019 Quarter. Click here for details.

Median Sale Price

$1.02mil

Metro Melbourne

$595k

Annual Price Change

38.7%

Metro Melbourne

0.4%

Median Rent

$400

Metro Melbourne

$425

Rental Yield

2%

Metro Melbourne

3.7%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 54.5% 55.6%
Days on Market 41 41
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $370,000
2 Bedrooms $1,175,000 $570,000
3 Bedrooms n/a $760,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $340 $370
2 Bedrooms $530 $440
3 Bedrooms n/a $525

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