Suburb Profile Report for Albion QLD (4010)

Albion House: Median price $918,500, Annual capital growth 3.80%, Number of sales 10, Weekly median advertised rent $460

Albion Unit: Median price $390,000, Annual capital growth -0.53%, Number of sales 37, Weekly median advertised rent $395

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Nov 2020 as supplied by CoreLogic. Data is reported to the period ending Aug 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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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 16.27%

Albion,4010 was ranked 716 in Australia by increase in median property value over the quarter.

Property investors who have had real estate in Albion, 4010 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.30%

While Albion,4010 ranked number 176th in QLD for increase in median house value (annualised) increase, it is ranked 231th over the last 5 years.

A $395 per week rent on the median house gives suburb investors a gross yield of circa 5.27%, without taking into account capital value appreciation, which has been averaging out at -0.53%.

Metrics	HOUSE	UNIT
Median price	$918,500	$390,000
Quarterly growth	4.85%	0.00%
12-month growth	16.27%	1.30%
Average Annual Growth	3.80%	-0.53%
Weekly median advertised rent	$460	$395
Number of sales	10	37
Gross rental yield	2.60%	5.27%
Days on market	N/A	103.913043478261

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

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Demographics

Total population	1986
Median household income ($/weekly)	1493
Median age of persons	33
Median housing loan repayment ($/monthly)	2104
Average household size	2

Census	Count	Percent(%)
20-24 years	230	11.6
25-34 years	519	26.1
35-44 years	314	15.8
45-54 years	249	12.5
55-64 years	143	7.2
Others	531	26.7

Age Group

Census	Count	Percent(%)
Not Married	934	58.1
Registered Married	460	28.6
Defacto Relationship	214	13.3

Social Marital Status

Census	Count	Percent(%)
Australia	1345	71.2
Indonesia	58	3.1
Papua New Guinea	88	4.7
United Kingdom	79	4.2
Other	123	6.5
Others	196	10.4

Country of Birth

Census	Count	Percent(%)
Buddhism	46	2.6
Christianity	1102	61.8
Hinduism	44	2.5
Islam	32	1.8
No Religion	535	30.0
Others	24	1.3

Religious Affiliation

Census	Count	Percent(%)
$400-$599	69	8.2
$1,000-$1,249	72	8.6
$1,500-$1,999	126	15.0
$2,000-$2,499	87	10.4
$2,500-$2,999	96	11.5
Others	388	46.3

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	833	49.0
Not in the labour force	424	24.9
Employed, worked part-time	311	18.3
Employed, away from work	71	4.2
Unemployed, looking for work	61	3.6

Person Characteristics

Census	Count	Percent(%)
Managers	147	12.1
Professionals	366	30.2
Technicians & trades workers	148	12.2
Community & personal service workers	107	8.8
Clerical & administrative workers	186	15.3
Others	258	21.3

Occupation

Census	Count	Percent(%)
Infants/Primary	83	20.2
Secondary	60	14.6
Technical or Further Educational Institution	83	20.2
University or other Tertiary Institutions	142	34.5
Other type of educational institution	34	8.3
Others	9	2.2

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	995	54.1
Flat, unit or apartment	690	37.5
Semi-detached, row or terrace house, townhouse	135	7.3
House or flat attached to a shop, office	20	1.1
Caravan, cabin, houseboat	0	0.0
Others	0	0.0