Suburb Profile Report for Albion VIC (3020)

Albion House: Median price $675,625, Annual capital growth 11.99%, Number of sales 44, Weekly median advertised rent $350

Albion Unit: Median price $240,000, Annual capital growth 6.60%, Number of sales 44, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 26.88% for the last year, Albion, 3020 is the 187th highest performer in Australia in this respect.

A 77.21% growth in median value for property investors in Albion,3020 puts this suburb at number 88th in terms of best performing suburbs in VIC

Vendor discounting in Albion is giving property investors an average Vendor Discount of around -7.25%. This puts suburb at number 106th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 3.67 sales per month, which equates to 44 per year.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 2.69%, without taking into account capital value appreciation, which has been averaging out at 11.99%.

With a capital gain of -5.97% for the last 12 months, Albion, 3020 has performed for property investments than its average annual 6.60% 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 -1.03% across each of those five years.

Property investors looking for a bargain in Albion should be aiming for at least -5.22% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 3.67 sales per month, which equates to 44 per year.

Property investors should expect to get $250 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$675,625 $240,000
5.98% 0.84%
26.88% -5.97%
11.99% 6.60%
$350 $250
44 44
2.69% 5.42%
35.7 68.07

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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