Suburb Profile Report for Albion QLD (4010)

Albion House: Median price $721,500, Annual capital growth 5.06%, Number of sales 28, Weekly median advertised rent $485

Albion Unit: Median price $460,000, Annual capital growth 4.59%, Number of sales 103, Weekly median advertised rent $383

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Albion, 4010 have given investors a capital gain of 2.34%. This compares averagely with the 2.51% for QLD as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Albion has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Albion should be aiming for at least -7.34% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Albion have been waiting around 91.69 days to sell a property.

Using the current median advertised rental of $485 and the average annual increase in value of a median property of 5.06%, investors should hope to achieve an overall return of 3.50%

At number 1199th in the list of Australian suburbs ordered by increase in median house value over the last year, Albion, 4010 is in the BOTTOM 40% with a property value increase of -1.08% recorded in median house prices.

A 8.24% growth in median value for property investors in Albion,4010 puts this suburb at number 95th in terms of best performing suburbs in QLD

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Albion, 4010. Typically our figures indicate that -8.01% is being offered, which puts this QLD suburb at 180th most discounted overall in Australia.

Residents and property investors in Albion have been waiting around 140.67 days to sell a property.

Renters in Suburb are facing rents around $4590 per annum or $382.5 every week.

Metrics i HOUSE UNIT
$721,500 $460,000
1.62% 1.10%
2.34% -1.08%
5.06% 4.59%
$485 $383
28 103
3.50% 4.32%
91.69 140.67

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 1986
Median household income ($/weekly) 1493
Median age of persons 33
Median housing loan repayment ($/monthly) 2104
Average household size 2
  • Census Count Percent(%)
    20-24 years 230 11.6
    25-34 years 519 26.1
    35-44 years 314 15.8
    45-54 years 249 12.5
    55-64 years 143 7.2
    Others 531 26.7
    Age Group
    Census Count Percent(%)
    Not Married 934 58.1
    Registered Married 460 28.6
    Defacto Relationship 214 13.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1345 71.2
    Indonesia 58 3.1
    Papua New Guinea 88 4.7
    United Kingdom 79 4.2
    Other 123 6.5
    Others 196 10.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 46 2.6
    Christianity 1102 61.8
    Hinduism 44 2.5
    Islam 32 1.8
    No Religion 535 30.0
    Others 24 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 69 8.2
    $1,000-$1,249 72 8.6
    $1,500-$1,999 126 15.0
    $2,000-$2,499 87 10.4
    $2,500-$2,999 96 11.5
    Others 388 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 833 49.0
    Not in the labour force 424 24.9
    Employed, worked part-time 311 18.3
    Employed, away from work 71 4.2
    Unemployed, looking for work 61 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 147 12.1
    Professionals 366 30.2
    Technicians & trades workers 148 12.2
    Community & personal service workers 107 8.8
    Clerical & administrative workers 186 15.3
    Others 258 21.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 83 20.2
    Secondary 60 14.6
    Technical or Further Educational Institution 83 20.2
    University or other Tertiary Institutions 142 34.5
    Other type of educational institution 34 8.3
    Others 9 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 995 54.1
    Flat, unit or apartment 690 37.5
    Semi-detached, row or terrace house, townhouse 135 7.3
    House or flat attached to a shop, office 20 1.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 431 48.4
    Being purchased 239 26.8
    Fully owned 195 21.9
    Other tenure type 26 2.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals