Melbourne suburb Albert Park lies just 3km south of the Melbourne CBD in the Inner Bayside City of Port Phillip. Currently most famous for being the home of the Australian Grand Prix, it’s one of Melbourne’s more prestigious suburbs, and is home to the St Vincent Gardens address. Properties are a mix of Victorian and Edwardian terraced, semi-detached and freestanding housing, with a sprinkle of apartments and new homes.
Residents are largely wealthy professionals – Australian Property Monitors records residents between the ages of 20 and 39 as making up 38% of the population, and the top five professions as white-collar.
Tonia Walsh, sales consultant of Cayzer Real Estate in Albert Park, believes Albert Park will remain a ‘sought after’ area – and not just because of the suburb’s reputation.
“Several features attract people to Albert Park – not least including the peaceful lifestyle within close proximity to the CBD” says Tonia. , “With the average age of 40 years (3 years above the median), local school, transport options including ‘by foot’ and the healthy lifestyle, we are attracting growing families through to those slowing down”.
“Beaches and arterials, the suburb features ‘Lake. Park. Beach.’- and the architecture – the period-style homes are tremendous,” she says. “It's impossible to create any more of the period-style homes, an available vacant block a very rare commodity, which makes it an absolutely blue chip, highly sought after area in high demand. Your money would be ‘as safe as houses’ in this suburb.”
Infrastructure transport parks & gardens and tree lined streets, Albert Park is located on a flat plane.
Most sought after properties:
$1.5m- $2.5m - 3 bed, 2 bath properties with 6 principal rooms. Double-fronted period homes create high interest.
Most common properties:
Edwardian homes and Victorian homes, some of the most stunning properties in Melbourne.
Full of cafes and restaurants catering for the locals and visitors, Albert Park is home to the famous Andrews Hamburgers, cafes such as Habsburg Empire, Albert Park Deli and Faucett; restaurants include the Mizusu’s and Ricardo’s, the new funky D.O.C brings a different edge to local cuisine. Albert Park Hotel is the watering hole and The Vincent offers a more family oriented vibrancy. Along the esplanade, the Sandbar and Albert Park Sailing Club are at hand from breakfast to sunset.
Local industry and business:
A suburb of mostly small, local small businesses, cafes, restaurants and local amenities
Port Phillip is creating a new suburb with school and amenities called “Montague”. Beautification of streets;’ a light rail has replaced the 2nd oldest train line in Victoria (1857. The first train line was to Port Melbourne, the second to St Kilda)
St Vincent Place, Kerferd Road, Page St, Hambleton St Dinsdale St to name a few.
Tram, light rail, buses & cycling lanes
Beaconsfield Parade, Kerferd Road Canterbury Road & Ferrars St