Suburb Profile Report for Albion VIC (3020)

Albion House: Median price $580,000, Annual capital growth 10.13%, Number of sales 42, Weekly median advertised rent $340

Albion Unit: Median price $236,000, Annual capital growth 6.40%, Number of sales 36, Weekly median advertised rent $245

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Albion has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 24.73%

When looking at the potential capital gains offered to property investors over the last 3 years, Albion comes in at number 35th in VIC.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Albion itself are offering an average vendor discount of -6.10% to real estate investors.

Albion is 404th on a list of best yielding suburbs for rents in VIC with a 3.05% return

With a capital gain of 6.31% for the last 12 months, Albion, 3020 has performed for property investments than its average annual 6.40% property growth over the last 5 years.

The five-year average increase in median property values for Albion,3020 has given property investors a potential capital gain of -1.67% across each of those five years.

Albion, 3020 is offering VIC ‘s 222th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

The VIC suburb of Albion, 3020 is in the Brimbank local government area.

HOUSE UNIT
$580,000 $236,000
5.45% -16.31%
24.73% 6.31%
10.13% 6.40%
$340 $245
42 36
3.05% 5.40%
99.85 57.63

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 4336
Median household income ($/weekly) 851
Median age of persons 32
Median housing loan repayment ($/monthly) 1517
Average household size 2.4
  • Census Count Percent(%)
    20-24 years 412 9.5
    25-34 years 1074 24.8
    35-44 years 572 13.2
    45-54 years 474 10.9
    55-64 years 412 9.5
    Others 1392 32.1
    Age Group
    Census Count Percent(%)
    Not Married 1801 53.4
    Registered Married 1383 41.0
    Defacto Relationship 190 5.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1801 45.3
    Croatia 106 2.7
    Indonesia 580 14.6
    Viet Nam 225 5.7
    Other 540 13.6
    Others 725 18.2
    Country of Birth
    Census Count Percent(%)
    Christianity 2070 53.6
    Hinduism 360 9.3
    Islam 262 6.8
    Other Religious Groups 284 7.4
    No Religion 635 16.4
    Others 250 6.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 156 10.4
    $400-$599 210 14.0
    $600-$799 180 12.0
    $1,000-$1,249 164 10.9
    $1,500-$1,999 160 10.7
    Others 629 42.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1287 38.3
    Employed, worked full-time 1114 33.2
    Employed, worked part-time 624 18.6
    Unemployed, looking for work 218 6.5
    Employed, away from work 116 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 235 12.7
    Technicians & trades workers 265 14.3
    Clerical & administrative workers 266 14.3
    Machinery operators & drivers 236 12.7
    Labourers 315 17.0
    Others 537 29.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 226 23.4
    Secondary 181 18.7
    Technical or Further Educational Institution 148 15.3
    University or other Tertiary Institutions 242 25.0
    Other type of educational institution 122 12.6
    Others 48 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2448 60.5
    Flat, unit or apartment 1257 31.1
    Semi-detached, row or terrace house, townhouse 340 8.4
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 761 47.1
    Fully owned 463 28.7
    Being purchased 377 23.3
    Other tenure type 15 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals