Suburb Profile Report for St Albans VIC (3021)

St Albans House: Median price $465,000, Annual capital growth 8.38%, Number of sales 455, Weekly median advertised rent $325

St Albans Unit: Median price $323,250, Annual capital growth 5.53%, Number of sales 158, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

St Albans is in the TOP 30% in VIC when comparing median price capital growth over the last year. St Albans gave property investors a good capital gain figure when compared to the rest of the state, with 14.81%.

If we look at median property appreciation over just the last three months, St Albans has given property investors a paper return of 3.91%. This puts Suburb as 111 on a list of fastest fasting appreciating suburbs in VIC

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 St Albans, 3021. Typically our figures indicate that -5.08% is being offered, which puts this VIC suburb at 2475th most discounted overall in Australia.

Renters in Suburb are facing rents around $3900 per annum or $325 every week.

St Albans is an average performer in VIC when comparing median price capital growth over the last year. St Albans gave property investors a average capital gain figure when compared to the rest of the state, with 4.27%.

St Albans,3021 has offered an average of 4.27% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that St Albans is offering property investors an average of -5.33. This rate of discount on properties puts Suburb at number 119th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in St Albans the average time real estate has been on the market is 84.82 days.

Advertised rents are around the $290 mark per week – giving a return of 4.67% based on the median price in Suburb

YIP MAG Information supplied by:

YIP MAG
February 2016

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A neighbourhood in the process of gentrification, St Albans is welcoming a younger demographic looking for affordability and easy access to the city, which is 16km southeast.Full summary A neighbourhood in the process of gentrification, St Albans is welcoming a younger demographic looking for affordability and easy access to the city, which is 16km southeast.

A median house price of just over $400,000 makes St Albans a remarkably inexpensive middle-ring suburb.

Alongside its proximity to the Melbourne CBD, St Albans’ major drawcard is its excellent public transport system.

Teeming with buses and with a direct rail line into the city,

St Albans is undergoing significant upgrades to its infrastructure, with its train station set to be rebuilt underground to ease traffic congestion and improve safety.

St Albans also has all the amenities local residents desire, including a large local shopping centre, a library, a leisure and swimming centre, and a modern cafe and dining strip.

For families, there are a large number of schools – some ranked in Melbourne’s top 10 – as well as a Victoria University campus.

There are also abundant recreational facilities, including a skate park, playgrounds and large open parks on its east and west borders.

St Albans is a large suburb with a population of 35,000, and finding the right area within it is important. There are less desirable pockets of the neighbourhood that are best avoided, but the majority of its streets are leafy and quiet.

There is strong predicted growth for this suburb as its qualities and lifestyle continue to attract future buyers.Close
HOUSE UNIT
$465,000 $323,250
3.91% -2.05%
14.81% 4.27%
8.38% 5.53%
$325 $290
455 158
3.63% 4.67%
66.05 84.82

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in St Albans VIC
Demographics
Total population 35091
Median household income ($/weekly) 865
Median age of persons 36
Median housing loan repayment ($/monthly) 1400
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 3950 11.3
    25-34 years 5952 17.0
    35-44 years 4618 13.2
    45-54 years 4172 11.9
    55-64 years 4084 11.6
    Others 12315 35.1
    Age Group
    Census Count Percent(%)
    Not Married 13275 50.1
    Registered Married 12194 46.0
    Defacto Relationship 1023 3.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 12159 38.0
    Indonesia 2206 6.9
    Netherlands 1474 4.6
    Viet Nam 5498 17.2
    Other 3231 10.1
    Others 7452 23.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 6056 19.2
    Christianity 18112 57.3
    Islam 1840 5.8
    Other Religious Groups 1335 4.2
    No Religion 3346 10.6
    Others 922 2.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1412 14.0
    $600-$799 1284 12.8
    $800-$999 1047 10.4
    $1,000-$1,249 1078 10.7
    $1,500-$1,999 1082 10.8
    Others 4147 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 12651 48.2
    Employed, worked full-time 7305 27.8
    Employed, worked part-time 3788 14.4
    Unemployed, looking for work 1521 5.8
    Employed, away from work 974 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1296 10.7
    Technicians & trades workers 1877 15.6
    Clerical & administrative workers 1477 12.2
    Machinery operators & drivers 1720 14.3
    Labourers 2284 18.9
    Others 3415 28.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 2160 28.8
    Secondary 1998 26.6
    Technical or Further Educational Institution 924 12.3
    University or other Tertiary Institutions 1359 18.1
    Other type of educational institution 663 8.8
    Others 403 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 27708 84.8
    Semi-detached, row or terrace house, townhouse 1480 4.5
    Flat, unit or apartment 3470 10.6
    Caravan, cabin, houseboat 7 0.0
    House or flat attached to a shop, office 23 0.1
    Others 5 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 4438 40.7
    Rented 3380 31.0
    Being purchased 3024 27.7
    Other tenure type 57 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals