Suburb Profile Report for Albion QLD (4010)

Albion House: Median price $857,500, Annual capital growth 3.92%, Number of sales 26, Weekly median advertised rent $550

Albion Unit: Median price $420,000, Annual capital growth 0.69%, Number of sales 64, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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If you compare the increase in value of investment property in Albion, 4010 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 5.02%.

Comparing Albion,4010 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.34%, without taking into account capital value appreciation, which has been averaging out at 3.92%.

Investment property in Albion has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.09%

Across a shorter period, Albion, 4010 has seen a median price increase of 9.26% over the last quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.64% offered to property buyers. Sellers in Albion itself are offering an average vendor discount of -6.30% to real estate investors.

On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.

Albion, 4010’s gross rental yield is 4.95%

Metrics i HOUSE UNIT
$857,500 $420,000
1.48% 9.26%
5.02% 9.09%
3.92% 0.69%
$550 $400
26 64
3.34% 4.95%
48 89.5909090909091

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Above average (H)
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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
    Dwelling Structure
    Census Count Percent(%)
    Rented 431 48.4
    Being purchased 239 26.8
    Fully owned 195 21.9
    Other tenure type 26 2.9
    Tenure Type
Census 2011, ABS
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