Suburb Profile Report for Albert Park SA (5014)

Albert Park House: Median price $430,000, Annual capital growth 4.69%, Number of sales 33, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report

Investment property in Albert Park has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.60%

When looking at the potential capital gains offered to property investors over the last 3 years, Albert Park comes in at number 261th in SA.

Property buyers and investors in Albert Park 5014 should be seeing an average reduction in asking price of around -4.70% . This means that Albert Park is holding prices well when compared to other suburbs in SA.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.23%, without taking into account capital value appreciation, which has been averaging out at 4.69%.

Metrics i HOUSE UNIT
$430,000 N/A
-1.66% N/A
-2.60% N/A
4.69% N/A
$350 N/A
33 N/A
4.23% N/A
59.08 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 1475
Median household income ($/weekly) 977
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 196 13.3
    25-34 years 180 12.2
    35-44 years 210 14.2
    45-54 years 240 16.3
    55-64 years 151 10.2
    Others 498 33.8
    Age Group
    Census Count Percent(%)
    Not Married 554 49.8
    Registered Married 444 39.9
    Defacto Relationship 115 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1106 78.8
    Japan 41 2.9
    United Kingdom 43 3.1
    Viet Nam 22 1.6
    Other 49 3.5
    Others 143 10.2
    Country of Birth
    Census Count Percent(%)
    Christianity 929 69.0
    No Religion 350 26.0
    Buddhism 48 3.6
    Other Religious Groups 12 0.9
    Hinduism 7 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 73 13.4
    $400-$599 56 10.3
    $600-$799 54 9.9
    $1,000-$1,249 54 9.9
    $2,000-$2,499 58 10.6
    Others 251 46.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 412 36.3
    Employed, worked full-time 410 36.1
    Employed, worked part-time 225 19.8
    Employed, away from work 44 3.9
    Unemployed, looking for work 44 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 80 11.9
    Technicians & trades workers 117 17.3
    Community & personal service workers 78 11.6
    Clerical & administrative workers 129 19.1
    Labourers 74 11.0
    Others 197 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 24 7.2
    Infants/Primary 147 44.3
    Secondary 79 23.8
    Technical or Further Educational Institution 26 7.8
    University or other Tertiary Institutions 42 12.7
    Others 14 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1289 89.8
    Flat, unit or apartment 96 6.7
    Semi-detached, row or terrace house, townhouse 51 3.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 219 37.9
    Rented 182 31.5
    Fully owned 177 30.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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