Suburb Profile Report for St Albans Park VIC (3219)

St Albans Park House: Median price $324,150, Annual capital growth 3.28%, Number of sales 76, Weekly median advertised rent $320

St Albans Park Unit: Median price $260,000, Annual capital growth 5.07%, Number of sales 12, Weekly median advertised rent $275

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in St Albans Park, 3219 have given investors a capital gain of -1.62%. This compares very badly with the 8.27% for VIC as a whole.

A 3.07% growth in median value for property investors in St Albans Park,3219 puts this suburb at number 605th in terms of best performing suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in St Albans Park itself are offering an average vendor discount of -5.08% to real estate investors.

At number 977 in a list of fastest selling suburbs, St Albans Park is in the TOP 30% of suburbs in Australia with an average of days on market 60.86 for properties listed there.

Property investors should expect to get $320 weekly from the median priced house in this suburb.

St Albans Park is an average performer in VIC when comparing median price capital growth over the last year. St Albans Park gave property investors a average capital gain figure when compared to the rest of the state, with 4.00%.

When looking at the potential capital gains offered to property investors over the last 3 years, St Albans Park comes in at number 355th in VIC.

Sellers are offering property buyers an average discount of -5.73% to buyers in St Albans Park at the moment, which is less than average for the rest of VIC.

Using the current median advertised rental of $275 and the average annual increase in value of a median property of 5.07%, investors should hope to achieve an overall return of 5.50%

Metrics i HOUSE UNIT
$324,150 $260,000
-2.36% N/A
-1.62% 4.00%
3.28% 5.07%
$320 $275
76 12
5.13% 5.50%
60.86 107.33

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 4924
Median household income ($/weekly) 1064
Median age of persons 39
Median housing loan repayment ($/monthly) 1500
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 619 12.6
    25-34 years 613 12.4
    35-44 years 691 14.0
    45-54 years 681 13.8
    55-64 years 549 11.1
    Others 1772 36.0
    Age Group
    Census Count Percent(%)
    Registered Married 1820 49.6
    Not Married 1485 40.4
    Defacto Relationship 367 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4194 89.2
    Japan 32 0.7
    New Zealand 38 0.8
    United Kingdom 219 4.7
    Other 57 1.2
    Others 162 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 0.6
    Christianity 3206 71.0
    Islam 9 0.2
    Other Religious Groups 13 0.3
    No Religion 1251 27.7
    Others 7 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 217 12.9
    $600-$799 185 11.0
    $1,000-$1,249 176 10.4
    $1,500-$1,999 242 14.4
    $2,000-$2,499 170 10.1
    Others 696 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1481 39.0
    Not in the labour force 1314 34.6
    Employed, worked part-time 743 19.5
    Employed, away from work 158 4.2
    Unemployed, looking for work 105 2.8
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 459 19.3
    Community & personal service workers 286 12.0
    Clerical & administrative workers 305 12.8
    Sales 283 11.9
    Labourers 307 12.9
    Others 739 31.1
    Occupation
    Census Count Percent(%)
    Pre-school 79 7.6
    Infants/Primary 393 37.9
    Secondary 307 29.6
    Technical or Further Educational Institution 119 11.5
    University or other Tertiary Institutions 101 9.7
    Others 37 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4224 90.4
    Flat, unit or apartment 259 5.5
    Semi-detached, row or terrace house, townhouse 188 4.0
    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 863 47.1
    Fully owned 534 29.1
    Rented 355 19.4
    Other tenure type 80 4.4
    Tenure Type
Census 2011, ABS
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