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 |
|---|---|---|---|---|---|---|---|
| 6 Reed St, Albert park |  | House (Res) | Private Sale | 8/07/2024 | Marshall White & Co | ||
| 69 Moubray St, Albert park | 2 |  | House (Res) | Private Sale | 1/07/2024 | Marshall White & Co | |
| 1-5/41 Hambleton St, Albert park |  | Block of Flats | Private Sale | 1/07/2024 | Jellis Craig |
Sales data
Median sale price
$1.9mil
Quarterly price change
-7.6%
Metro Melbourne Comparison
$912k
-1.5%
| Bedrooms | Albert Park | Metro comparison |
|---|---|---|
| 2 | $1,511,250 | $902,500 |
| 3 | $2,340,000 | $810,000 |
| 4 | $3,590,000 | $955,000 |
| Insight | Albert Park | Metro comparison |
|---|---|---|
| Clearance rate | 78.9% | 73.8% |
| Days on market | 37.5 | 42 |
Rental data
Median weekly rent
$870
Rental yield
2.2%
Metro Melbourne Comparison
$560
3.2%
| Bedrooms | Albert Park | Metro comparison |
|---|---|---|
| 2 | $763 | $550 |
| 3 | $1,213 | $540 |
| 4 | $1,500 | $580 |
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